Interim report January- September 2003
Interim report January- September 2003 January-September Full year Quarter MSEK 3-03 2-03 2003 2002 2002 Net turnover 3,865 4,010 11,876 11,961 16,081 Operating profit 587 609 1,831 2,075 2,713 Profit after financial items 532 551 1,664 1,953 2,564 Profit after tax 375 392 1,156 1,523 1,959 Earnings per share (before 4.68 4.91 14.45 19.04 24.50 dilution), SEK Earnings per share (after 4.52 4.72 13.92 18.33 23.58 dilution), SEK Return on equity, % 10.1 10.5 10.3 14.5 13.7 *The Group's net turnover for January-September amounted to MSEK 11,876 (January-September 2002: 11,961). *Profit after tax was MSEK 1,156 (1,523). *Earnings per share amounted to SEK 14.45 (19.04). The return on equity was 10.3 per cent (14.5). *The operating profit was MSEK 1,831 (2,075). Holmen Paper's operating profit declined by MSEK 689 as a result of lower prices. Iggesund Paperboard's result increased by MSEK 159, mainly due to higher volumes. Compared with the second quarter, the result declined by MSEK 22 to MSEK 587. *The market conditions for newsprint and magazine paper remained weak during the third quarter. Holmen Paper's production has continued to be restricted. Prices were stable but lower than in the previous year. The market conditions for paperboard remained stable. Iggesund Paperboard's capacity utilisation remained high and prices were stable. For further information please contact: Göran Lundin, President and CEO, tel +46 8 666 21 33 Anders Almgren, CFO, tel +46 8 666 21 16 Christer Lewell, Public Relations Director, tel +46 8 666 21 15. Holmen is a forest products industry group with the capacity to produce 2.3 million tonnes of paper and paperboard per year. The EU countries, which account for some 85 per cent of the Group's turnover, are by far the largest market. Holmen Paper produces paper for daily newspapers, magazines, directories and advertising matter at three Swedish mills and one Spanish mill. Iggesund Paperboard produces paperboard for packaging and graphic purposes at two Swedish mills and one English mill. Iggesund Timber produces sawn timber at one Swedish sawmill. Holmen Skog manages the Group's one million hectares of forests and the annual volume harvested from company forests is some 2.5 million m3. Holmen Kraft produces in a normal year some 1,100 GWh of electricity at wholly and partly owned hydroelectric power stations in Sweden. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/10/30/20031030BIT20040/wkr0005.pdf The full report