Holmen’s Interim Report January-September 2023
| Quarter | Jan-Sep | Full year | ||||
| SEKm | 3-23 | 2-23 | 3-22 | 2023 | 2022 | 2022 |
| Net sales | 5 418 | 5 754 | 5 784 | 17 395 | 17 707 | 23 952 |
| Operating profit excl. item affecting comparability | 1 166 | 1 138 | 1 921 | 4 041 | 5 640 | 7 262 |
| Operating profit | 1 166 | 1 138 | 1 921 | 4 041 | 5 905 | 7 527 |
| Profit after tax | 898 | 890 | 1 482 | 3 159 | 4 606 | 5 874 |
| Earnings per share, SEK | 5.6 | 5.5 | 9.1 | 19.6 | 28.5 | 36.3 |
| Operating margin, %* | 22 | 20 | 33 | 23 | 32 | 30 |
| Cash flow before investments and change in working capital | 1 172 | 1 289 | 1 662 | 4 761 | 5 783 | 6 768 |
| Debt/equity ratio, % | 5 | 5 | 5 | 5 | 5 | 4 |
*Excl. item affecting comparability 2022; see page 15.
- Operating profit for January-September 2023 was SEK 4 041 million (January-September 2022: SEK 5 905 million). Excluding the item affecting comparability last year, operating profit decreased by SEK 1 599 million due to weaker market conditions for wood products and paperboard.
- Compared with the second quarter, operating profit for the third quarter increased by SEK 28 million to SEK 1 166 million. The operating margin was 22 (20) per cent.
- Profit after tax for January-September amounted to SEK 3 159 million (4 606), which corresponds to earnings per share of SEK 19.6 (28.5).
- Own shares were bought back for SEK 152 million in the third quarter, and a total of SEK 1 119 million have been bought back over the year, equal to 1.7 per cent of outstanding 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. The information was submitted for publication, through the agency of the contact person set out above, at 07:30 CEST on Wednesday, 25 October 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.