Quarter Full year
SEKm 4-14 3-14 4-13 2014 2013
Net turnover 4 011 3 956 3 938 15 994 16 231
Operating profit excl. 472 522 338 1 734 1 209
items affecting
comparability
Operating profit 22 522 338 1 284 1 069
Profit after tax -4 385 230 907 711
Earnings per share, SEK -0.1 4.6 2.7 10.8 8.5
Return on equity, % 0.0 7.4 4.5 4.3 3.4
Cash flow before investing 414 738 444 2 176 2 011
activities
Debt/equity ratio 0.28 0.29 0.29 0.28 0.29
· Operating profit, excluding items affecting comparability, for 2014 was SEK
1 734 million (2013: 1 209). 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.
· Operating profit for the fourth quarter, excluding items affecting
comparability, amounted to SEK 472 million, which was SEK 50 million lower than
in the third quarter owing mainly to seasonally higher staff and energy costs.
· Operating profit for 2014 after items affecting comparability amounted to
SEK 1 284 million (1 069). In the fourth quarter, an impairment of SEK 450
million was recorded for Braviken Sawmill, which is reported as an item
affecting comparability.
· Profit after tax amounted to SEK 907 million (711), which corresponds to
earnings per share of SEK 10.8 (8.5). Excluding items affecting comparability,
profit after tax amounted to SEK 1 258 million (820) and earnings per share was
SEK 15.0 (9.8).
· The Board proposes a dividend of SEK 10 (9) per share.
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 the Swedish Financial Instruments Trading Act. The
information was submitted for publication on 9 February 2015 at 12.15 CET
Holmen’s year-end report 2014
| Source: Holmen AB
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