Holmen’s interim report January-March 2014

                                              Quarter         Full year
SEKm                                    1-14     4-13   1-13       2013
Net turnover                           4 081    3 938  4 158     16 231
Operating profit excl.                   389      338    238      1 209
items affecting comparability
Operating profit                         389      338     98      1 069
Profit after tax                         276      230     42        711
Earnings per share, SEK                  3.3      2.7    0.5        8.5
Return on equity, %                      5.3      4.5    0.8        3.4
Cash flow before investing activities    540      444    352      2 011
Debt/equity ratio                       0.28     0.29   0.31       0.29

  · Operating profit, excluding items affecting comparability, totalled SEK 389
million (January–March 2013: 238). The improvement in profit is due to higher
prices for printing paper, more stable paperboard production as well as higher
prices and increased deliveries for sawn timber.

  · Compared with the fourth quarter, operating profit rose by SEK 51 million,
mainly as a result of price increases for printing paper.

  · The market situation for paperboard was good. Demand for sawn timber
increased from low levels. Demand for printing paper continued to decline.

  · Profit after tax amounted to SEK 276 million (42), which corresponds to
earnings per share of SEK 3.3 (0.5). Return on equity was 5.3 per cent (0.8).

For further information please contact:
Henrik Sjölund, President and CEO, tel. +46 8 666 21 05
Anders Jernhall, CFO, tel. +46 8 666 21 22
Ingela Carlsson, Communications Director, tel. +46 70 212 97 12

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 12:30 CET on
Wednesday May 7, 2014.