Interim report January-March 2011

Interim report January-March 2011

 

                                                            Quarter     
   Full year
SEKm                                                 1-11   4-10    
1-10   2010
Net turnover                                         4 721  4 747    4
400  17 581
Operating profit                                     558    625      320
   1 596
Operating profit excl items affecting comparability  558    361      320
   1 332
Profit after tax                                     370    176      178
   704
Earnings per share, SEK                              4.4    2.1      2.1
   8.4
Return on equity, %                                  8.8    4.2      4.3
   4.2

  · Profit after tax for January-March 2011 was SEK 370 million
(January-March 2010: SEK 178 million).
  · Earnings per share were SEK 4.4 (2.1). Return on equity was 8.8 per
cent (4.3).
  · Operating profit totalled SEK 558 million (320). The improvement is
explained by higher prices for newsprint and paperboard, while higher
costs for wood and recovered paper had an adverse impact on the result.
Compared to the fourth quarter, operating profit excluding items
affecting comparability improved by SEK 197 million, mainly as a result
of higher newsprint prices.

  · Demand for newsprint in Europe remained at the same level as one
year ago. The market situation for Holmen's paperboard products remained
robust, while the market for sawn timber was weak.

Magnus Hall
President and CEO

The report has not been reviewed by the company's auditors.

The interim report for January-June 2011 will be published on 17 August
2011.

For more information, please contact:
Magnus Hall, President and CEO, tel. +46 8 666 21 05
Anders Jernhall, CFO, tel. +46 8 666 21 22
Ingela Carlsson, Public Relations Director, tel. +46 70 212 97 12