Holmen’s Interim Report January-June 2024
| Quarter | Jan-Jun | Full year | ||||
| SEKm | 2-24 | 1-24 | 2-23 | 2024 | 2023 | 2023 |
| Net sales | 5 894 | 5 720 | 5 754 | 11 613 | 11 977 | 22 795 |
| EBITDA | 1 319 | 1 300 | 1 471 | 2 619 | 3 550 | 6 114 |
| Operating profit | 983 | 944 | 1 138 | 1 927 | 2 875 | 4 755 |
| Profit after tax | 744 | 744 | 890 | 1 487 | 2 261 | 3 697 |
| Earnings per share, SEK | 4.7 | 4.7 | 5.5 | 9.3 | 14.0 | 23.0 |
| Operating margin, % | 17 | 17 | 20 | 17 | 24 | 21 |
| Book value, forest assets | 56 744 | 56 532 | 52 459 | 56 744 | 52 459 | 56 348 |
| Cash flow before investments and change in working capital | 1 024 | 1 112 | 1 289 | 2 136 | 3 588 | 5 311 |
| Net financial debt | 3 255 | 2 034 | 2 621 | 3 255 | 2 621 | 1 869 |
| Debt/equity ratio, % | 6 | 4 | 5 | 6 | 5 | 3 |
- Operating profit for January-June 2024 amounted to SEK 1 927 million (January-June 2023: 2 875). The decrease in operating profit is due to lower paper prices and the positive impact of income from the sale of surplus electricity the previous year.
- Compared with the first quarter, operating profit for the second quarter increased by SEK 39 million to SEK 983 million. The operating margin was 17 per cent (17).
- Profit after tax for January-June amounted to SEK 1 487 million (2 261), which corresponds to earnings per share of SEK 9.3 (14.0).
- A total of SEK 1 831 million of ordinary and extra dividends was paid in the second quarter.
- The Board of Directors has decided to initiate the repurchase of up to 3 million shares.
For further information please contact:
Henrik Sjölund, President and CEO, tel. +46 8 666 21 05
Anders Jernhall, Executive Vice President and CFO, tel. +46 8 666 1 22
Stina Sandell, Senior Vice President Sustainability and Communications, tel. +46 73 986 51 12
This is information that Holmen AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act (2007:528). The information was submitted for publication, through the agency of the contact person set out above, at 08.00 CEST on Thursday, 15 August 2024.