Holmen’s year-end report 2021
| Quarter | Full year | ||||
| SEKm | 4-21 | 3-21 | 4-20 | 2021 | 2020 |
| Net sales | 4 770 | 4 877 | 4 249 | 19 479 | 16 327 |
| Operating profit excl. item affecting comparability | 1 185 | 1 129 | 595 | 4 061 | 2 479 |
| Operating profit | 1 006 | 978 | 595 | 3 731 | 2 479 |
| Profit after tax | 868 | 763 | 512 | 3 004 | 1 979 |
| Earnings per share, SEK | 5.4 | 4.7 | 3.2 | 18.5 | 12.2 |
| Operating margin, %* | 25 | 23 | 14 | 21 | 15 |
| Book value, forest assets | 47 080 | 43 693 | 43 202 | 47 080 | 43 202 |
| Cash flow before investments and change in working capital | 704 | 980 | 369 | 3 375 | 2 411 |
| Debt/equity ratio, % | 9 | 10 | 10 | 9 | 10 |
*Excluding item affecting comparability in Q4-21 and Q3-21, see page 16.
- Operating profit for 2021 amounted to SEK 3 731 million (2020: 2 479). Excluding the item affecting compa-rability related to the damaged turbine at the paperboard mill in Workington, operating profit increased by SEK 1 582 million to SEK 4 061 million as a result of higher prices for wood products and the expansion of the wood products business.
- Operating profit for the fourth quarter excluding the item affecting comparability was SEK 1 185 million, compared with SEK 1 129 million in the third quarter. The sale of a British forest property had a positive im-pact on profit of just over SEK 200 million, while lower wood product prices had a negative impact on profit.
- Profit after tax in 2021 amounted to SEK 3 004 million (1 979), which corresponds to earnings per share of SEK 18.5 (12.2).
- Prices for forest properties continued to increase in 2021, which meant that the recognised value of forest assets during the annual revaluation increased 9 per cent from SEK 43 202 million at the beginning of the year to SEK 47 080 million.
- The Board proposes an ordinary dividend of SEK 7.50 per share and an extra dividend of SEK 4.00 per share.
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 11.15 CET on Friday, 28 January 2022.
Holmen’s business is built around the forest ecocycle and the renewable products we can create from it. Our business areas are Forest, Renewable Energy, Wood Products, Paperboard and Paper. With a workforce of 3 500 people, we create value for shareholders, customers and society. Our net sales in 2021 amounted to over SEK 19 billion and our shares are listed on Nasdaq Stockholm, Large Cap. Please visit holmen.com for more information.