Holmen’s Interim Report January–March 2023
| Quarter | Full year | |||
| SEKm | 1-23 | 4-22 | 1-22 | 2022 |
| Net sales | 6 223 | 6 245 | 5 750 | 23 952 |
| Operating profit excl. item affecting comparability | 1 737 | 1 622 | 1 617 | 7 262 |
| Operating profit | 1 737 | 1 622 | 1 883 | 7 527 |
| Profit after tax | 1 371 | 1 268 | 1 483 | 5 874 |
| Earnings per share, SEK | 8.5 | 7.8 | 9.2 | 36.3 |
| Operating margin, %* | 28 | 26 | 28 | 30 |
| Book value, forest assets, SEKm | 52 308 | 52 151 | 47 199 | 52 151 |
| Cash flow before investments and change in working capital | 2 299 | 985 | 1 925 | 6 768 |
| Debt/equity ratio, % | 1 | 4 | 7 | 4 |
*Excl. item affecting comparability; see page 14.
- Operating profit for January–March was SEK 1 737 million (January–March 2022: 1 883) which corresponds to an operating margin of 28 per cent. Excluding items affecting comparability last year, operating profit increased by SEK 120 million. Profit from Renewable Energy and Forest increased while the overall profit from the industry was unchanged.
- Operating profit increased by SEK 115 million compared with the fourth quarter.
- Profit after tax for January–March amounted to SEK 1 371 million (1 483), which corresponds to earnings per share of SEK 8.5 (9.2).
- Cash flow after investments amounted to SEK 1 830 million, which decreased net debt to SEK 376 million.
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 information such that Holmen AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:30 CEST on Friday, 28 April 2023.
Holmen’s business is built around the forest ecocycle and the renewable products we can create from it. Our business areas are Forest, Wood Products, Paperboard, Paper and Renewable Energy. With a workforce of 3 500 people, we create value for shareholders, customers and society. Our net sales in 2022 amounted to just under SEK 24 billion and our shares are listed on Nasdaq Stockholm, Large Cap. Please visit holmen.com for more information.