Interim report January-September 2011
| Quarter | January-September | Full year | ||||
| SEKm | 3-11 | 2-11 | 3-10 | 2011 | 2010 | 2010 |
| Net turnover | 4 518 | 4 787 | 4 205 | 14 026 | 12 833 | 17 581 |
| EBITDA* | 838 | 808 | 697 | 2 511 | 1 910 | 2 583 |
| Operating profit* | 519 | 492 | 383 | 1 570 | 971 | 1 332 |
| Profit after tax | 343 | 302 | 216 | 1 015 | 528 | 704 |
| Earnings per share, SEK | 4.1 | 3.6 | 2.6 | 12.1 | 6.3 | 8.4 |
| Return on equity, % | 8.1 | 7.3 | 5.2 | 8.1 | 4.3 | 4.2 |
*Excluding SEK 264 million of items affecting comparability for 2010.
- Profit after tax for January–September 2011 was SEK 1 015 million (January–September 2010: SEK 528 million).
- Earnings per share reached SEK 12.1 (6.3). Return on equity totalled 8.1 per cent (4.3).
- Operating profit amounted to SEK 1 570 million (971). The improvement is explained by higher prices for newsprint and paperboard, while higher costs for wood and recovered paper had an adverse impact on the result.
Compared to the second quarter, operating profit rose by SEK 27 million to SEK 519 million. Hydro power production was high for the time of year, and staff costs were seasonally low, while a large maintenance stoppage had an adverse impact on profit.
- Demand for both newsprint and paperboard in Europe weakened during the third quarter, and the market for sawn timber remained weak.
For further information please contact:
Magnus Hall, President and CEO, tel. +46 8 666 21 05
Anders Jernhall, CFO, tel. +46 8 666 21 22
Ingela Carlsson, Public Relations 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 2011 in accordance with Chapter 17 of the Swedish Securities Market Act (2007:528). The information was distributed to the media for publication at 13.00 CET on Wednesday October 26 2011.
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