Year-end report 2012
Quarter | Full year | ||||
SEKm | 4-12 | 3-12 | 4-11 | 2012 | 2011 |
Net turnover | 4 276 | 4 230 | 4 630 | 17 852 | 18 656 |
Operating profit excl. items affecting comp.* | 271 | 394 | 410 | 1 713 | 1 980 |
Operating profit | 78 | 394 | 4 003 | 1 520 | 5 573 |
Profit after tax | 902 | 249 | 2 939 | 1 853 | 3 955 |
Earnings per share, SEK | 10.7 | 3.0 | 35.0 | 22.1 | 47.1 |
Return on equity, % | 17.7 | 5.0 | 64.0 | 9.3 | 23.1 |
* Items affecting comparability in Q4 2012 refers to an impairment loss and restructuring costs in Holmen Paper
(-193 million) and Q4 2011 revaluation of forest (+3 593 million).
- Profit after tax for 2012 was SEK 1 853 (2011: 3 955) million. The profit includes an impairment loss and restructuring costs of SEK -193 million and SEK +911 million in non-recurring tax effects. Profit after tax for the previous year includes SEK +2 648 million from the revaluation of forest.
- Earnings per share amounted to SEK 22.1 (47.1). Return on equity was 9.3 (23.1) per cent.
- The Board proposes a dividend of SEK 9 (8) per share.
- Operating profit excluding items affecting comparability totalled SEK 1 713 (1 980) million. The contribution from currency hedges fell, while the change in the value of forests rose.
- Operating profit for the fourth quarter decreased by SEK 123 million to SEK 271 million, excluding items affecting comparability. Costs showed a seasonal increase and exchange rates had a negative effect on profit.
- The market situation for paperboard was stable during the quarter, while demand for printing paper and sawn timber was 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, Communications Director, tel. +46 70 212 97 12
In its capacity as issuer, Holmen AB is releasing the information in this year-end report for 2012 in accordance with Chapter 17 of the Swedish Securities Market Act (2007:528). The information was distributed to the media for publication at 12.30 CET on Thursday February 7, 2013.