24.10.2013 13:14:00
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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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