Holmen’s Year-End Report 2015

Regulatory News:

Holmen (STO:HOLMA) (STO:HOLMB)

* Excluding items affecting comparability, which are included in operating profit at SEK -931 million (-450).

· Operating profit for 2015 was SEK 1 700 million, excluding items affecting comparability (2014: SEK 1 734 million). Earnings were negatively affected by price decreases for printing paper and sawn timber, as well as a number of significant rebuilding and maintenance shutdowns. This was largely offset by a weaker Swedish krona, good production and cost rationalisations.

· Compared with the third quarter, operating profit decreased by SEK 117 million to SEK 376 million as a result of a significant maintenance shutdown at Iggesund Mill.

· Operating profit for 2015 after items affecting comparability amounted to SEK 769 million (1 284). Operating profit for the fourth quarter was negatively affected by SEK 931 million in items affecting comparability relating to impairment losses on non-current assets, provisions for costs and the effects of a fire.

· Profit after tax for 2015 amounted to SEK 559 million (907), which corresponds to earnings per share of SEK 6.7 (10.8). Excluding items affecting comparability, profit after tax amounted to SEK 1 323 million (1 258) and earnings per share was SEK 15.8 (15.0).

· The Board proposes a dividend of SEK 10.5 (10) per share.

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 5 February 2016 at 08.00 CET.

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