Holmen: Holmen’s Interim Report January–March 2016

Regulatory News:

Holmen (STO:HOLMB) (STO:HOLMA)

* Excluding items affecting comparability, which are included in operating profit at SEK -232 million (0).

· Operating profit for the first quarter of 2016 was SEK 580 million, excluding items affecting comparability, which were SEK 184 million higher than in the first quarter of 2015 and SEK 204 million higher than in the fourth quarter. A shutdown for rebuild of a board machine had a negative effect of just over SEK 60 million on earnings for the quarter, but this was offset by a dispute over water costs for a corresponding amount being settled in Holmen’s favour. Earnings from timber trading were high and depreciation decreased. Both the first quarter of 2015 and the fourth quarter of 2015 were negatively affected by maintenance and rebuilding shutdowns.

· Operating profit after items affecting comparability amounted to SEK 348 million. The quarter was impacted by a net amount of SEK -232 million in items affecting comparability regarding the sale of the Group’s Spanish operations and insurance compensation for reconstruction following the fire at Hallsta Paper Mill.

· Profit after tax for January–March amounted to SEK 222 million (298), which corresponds to earnings per share of SEK 2.6 (3.5). Excluding items affecting comparability, profit after tax amounted to SEK 450 million (298) and earnings per share was SEK 5.4 (3.5).

This is information that Holmen AB is obliged to disclose under the Swedish Securities Market Act and the Swedish Financial Instruments Trading Act. The information was submitted for publication on 26 April 2016 at 11.15 CET.

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