Holmen’s interim report January-September 2014
| Quarter | January-September | Full year | ||||
| SEKm | 3-14 | 2-14 | 3-13 | 2014 | 2013 | 2013 |
| Net turnover | 3 956 | 3 946 | 3 939 | 11 983 | 12 293 | 16 231 |
| Operating profit excl. items affecting comparability |
522 | 351 | 326 | 1 262 | 871 | 1 209 |
| Operating profit | 522 | 351 | 326 | 1 262 | 731 | 1 069 |
| Profit after tax | 385 | 250 | 207 | 912 | 481 | 711 |
| Earnings per share, SEK | 4.6 | 3.0 | 2.5 | 10.9 | 5.7 | 8.5 |
| Return on equity, % | 7.4 | 4.8 | 4.1 | 5.8 | 3.1 | 3.4 |
| Cash flow before investing activities |
738 | 484 | 567 | 1 762 | 1 567 | 2 011 |
| Debt/equity ratio | 0.29 | 0.31 | 0.31 | 0.29 | 0.31 | 0.29 |
- Operating profit was SEK 1 262 million (January–September 2013: 731). The improvement in profit is due to higher prices for printing paper and sawn timber, a weaker Swedish krona and reduced production costs for paperboard. Profit for the previous year was impacted by items affecting comparability of SEK -140 million.
- Operating profit for the third quarter was SEK 522 million, which was SEK 171 million higher than in the second quarter owing to good paperboard production and seasonally low costs.
- Profit after tax amounted to SEK 912 million (481), which corresponds to earnings per share of SEK 10.9 (5.7).
- The market situation for paperboard during the quarter was stable, but it was weak for printing paper. The market situation for sawn timber weakened as a result of the high level of supply on the market.
For further information please contact:
Henrik Sjölund, President and CEO, tel. +46 8 666 21 05
Anders Jernhall, CFO, tel. +46 8 666 21 22
Ingela Carlsson, Communications Director, tel. +46 70 212 97 12
In its capacity as issuer, Holmen AB is releasing the information in this interim report for January-September 2014 in accordance with Chapter 17 of the Swedish Securities Market Act (2007:528). The information was distributed to the media for publication at 12.00 CET on Thursday, October 23, 2014.
This is a translation of the Swedish interim report of Holmen Aktiebolag (publ.). In the event of inconsistency between the English and the Swedish versions, the Swedish version shall prevail.
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