24.10.2013 13:14:00

Holmen: Interim report January-September 2013

Regulatory News:

Holmen (STO:HOLMB) (STO:HOLMA):

  Quarter   January-September   Full year
SEKm

3-13

 

2-13

 

3-12

2013   2012 2012
Net turnover 3 939 4 197 4 230 12 293 13 577 17 852
Operating profit excl. items affecting comp.* 326

307

394 871 1 442 1 713
Operating profit 326 307 394 731 1 442 1 520
Profit after tax 207 232 249 481 950 1 853
Earnings per share, SEK 2.5 2.8 3 5.7 11.3 22.1
Return on equity, % 4.1 4.5 5 3.1 6.4 9.3

* Items affecting comparability are impairment losses and restructuring costs at Holmen Paper (Q1 2013: SEKm -140, Q4 2012: SEKm -193).

· Profit after tax for January–September 2013 was SEK 481 million (January–September 2012: 950).

· Earnings per share totalled SEK 5.7 (11.3).

· Return on equity was 3.1 per cent (6.4).

· Operating profit, excluding items affecting comparability, totalled SEK 871 million (1 442). The decline was attributable to a stronger Swedish krona, lower selling prices for printing paper and production disruptions at Iggesund Paperboard.

· Compared with the second quarter, operating profit rose by SEK 19 million to SEK 326 million. There was a significant increase in income from paperboard. Earnings for the second quarter included SEK +102 million from the establishment of a jointly-owned wind power company.

· The market situation for paperboard was good. Demand for printing paper continued to decline but the market balance for newsprint is good as a result of shutdowns. The market for sawn timber remained weak.

This is information that Holmen AB is obliged to disclose under the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was distributed to the media for publication at 13.05 CET on Thursday October 24, 2013. This is a translation of the Swedish interim report of Holmen Aktiebolag (publ.). In the event of inconsistency between the English and the Swedish versions, the Swedish version shall prevail.

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