Interim report January-March 2012

 | Source: Holmen AB Holmen AB 

+------------------------+-----+-------+-----+---------+
|                        |     |Quarter|     |Full year|
+------------------------+-----+-------+-----+---------+
|SEKm                    | 1-12|   4-11| 1-11|     2011|
+------------------------+-----+-------+-----+---------+
|Net turnover            |4 778|  4 630|4 721|   18 656|
+------------------------+-----+-------+-----+---------+
|EBITDA                  |  789|    729|  864|    3 240|
+------------------------+-----+-------+-----+---------+
|Operating profit*       |  560|    410|  558|    1 980|
+------------------------+-----+-------+-----+---------+
|Profit after tax*       |  389|    291|  370|    1 307|
+------------------------+-----+-------+-----+---------+
|Earnings per share, SEK*|  4.6|    3.5|  4.4|     15.6|
+------------------------+-----+-------+-----+---------+
|Return on equity, % *   |  7.9|    6.8|  8.8|      7.8|
+------------------------+-----+-------+-----+---------+

*Excluding revaluation of forest in Q4 2011: + SEK 3 593 million before tax (SEK
2 648 million after tax).

  · Profit after tax for January–March 2012 was SEK 389 million (January–March
2011: SEK 370 million).

  · Earnings per share reached SEK 4.6 (4.4). Return on equity totalled 7.9 per
cent (8.8).

  · Operating profit reached SEK 560 million (558). Earnings from forest and
energy increased while the lower outcome from currency hedges had a negative
impact on printing paper and paperboard.

Compared with the fourth quarter, operating profit increased by SEK 150 million
following improvements in all business areas.

  · Demand for paperboard in Europe improved in the first quarter but remained
weak for printing paper and sawn timber.



For further 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


In its capacity as issuer, Holmen AB is releasing the information in this
interim report for January-March 2012 in accordance with Chapter 17 of the
Swedish Securities Market Act (2007:528). The information was distributed to the
media for publication at 13.20 CET on Tuesday May 8 2012.

This is a translation of the Swedish year-end report of Holmen Aktiebolag
(publ.). In the event of inconsistency between the English and the Swedish
versions, the Swedish version shall prevail.

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