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23.10.2014 12:15:00

Holmen’s interim report January-September 2014

Regulatory News:

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

  Quarter   January-September   Full year
SEKm

3-14

 

2-14

 

3-13

2014   2013 2013
Net turnover 3 956 3 946 3 939 11 983 12 293 16 231

Operating profit excl. items affecting comparability

522 351 326

1 262

871 1 209
Operating profit 522 351 326 1 262 731 1 069
Profit after tax 385 250 207 912 481 711
Earnings per share, SEK 4.6 3 2.5 10.9 5.7 8.5
Return on equity, % 7.4 4.8 4.1 5.8 3.1 3.4

Cash flow before investing activities

738 484 567 1 762 1 567 2 011
Debt/equity ratio 0.29 0.31 0.31 0.29 0.31 0.29
  • Operating profit was SEK 1 262 million (January–September 2013: 731). The improvement in profit is due to higher prices for printing paper and sawn timber, a weaker Swedish krona and reduced production costs for paperboard. Profit for the previous year was impacted by items affecting comparability of SEK -140 million.
  • Operating profit for the third quarter was SEK 522 million, which was SEK 171 million higher than in the second quarter owing to good paperboard production and seasonally low costs. · Profit after tax amounted to SEK 912 million (481), which corresponds to earnings per share of SEK 10.9 (5.7).
  • The market situation for paperboard during the quarter was stable, but it was weak for printing paper. The market situation for sawn timber weakened as a result of the high level of supply on the market.

In its capacity as issuer, Holmen AB is releasing the information in this interim report for January-September 2014 in accordance with Chapter 17 of the Swedish Securities Market Act (2007:528). The information was distributed to the media for publication at 12.00 CET on Thursday, October 23, 2014.

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.

This information was brought to you by Cision http://news.cision.com

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