14.08.2013 12:24:00

Holmen: Interim report January-June 2013

Regulatory News:

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

    Quarter     January-June   Full year
SEKm

2-13

 

1-13

2-12

2013   2012 2012
Net turnover 4 197 4 158 4 569 8 354 9 347 17 852
Operating profit excl. items affecting comp.* 307 238 488 545 1 048 1 713
Operating profit 307 98 488 405 1 048 1 520
Profit after tax 232 42 313 274 701 1 853
Earnings per share, SEK 2.8 0.5 3.7 3.3 8.3 22.1
Return on equity, % 4.5 0.8 6.4 2.6 7.2 9.3

* Items affecting comparability are impairment losses and restructuring costs at Holmen Paper, amounting to SEK -140 million in Q1 2013 and SEK -193 million in Q4 2012.

· Profit after tax for January–June 2013 was SEK 274 million (January–June 2012: 701).

· Earnings per share totalled SEK 3.3 (8.3). · Return on equity was 2.6 per cent (7.2).

· Operating profit, excluding items affecting comparability, totalled SEK 545 million (1 048). The decline was attributable to lower selling prices for printing paper and a stronger Swedish krona.

· Compared with the first quarter, operating profit rose by SEK 69 million to SEK 307 million. The establishment of a jointly-owned wind power company and start-up of a biofuel boiler in the UK had a positive effect on the result, while a major maintenance shutdown at Iggesund Mill had a negative impact.

· The market situation for paperboard was stable, while demand for printing paper and sawn timber remained weak.

In its capacity as issuer, Holmen AB is releasing the information in this interim report for January-June 2013 in accordance with Chapter 17 of the Swedish Securities Market Act (2007:528). The information was distributed to the media for publication at 12.15 CET on Wednesday August 14, 2013.

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

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