Interim Report 2008 1 January - 30 September



Financial results for the third quarter

*    The market value of the Group's securities in Major Listed
  Holdings amounted to SEK 30,606 million on 30 September, a decrease
  of SEK 12,642 million corresponding to 29% since 30 June 2008.
*    Korsnäs' revenue amounted to SEK 1,768 million (1,769) and
  operating profit was SEK 219 million (318).
*    The Group's total revenue amounted to SEK 1,851 million (1,806)
  and operating profit was SEK 211 million (314).
*    Result after financial items, including changes in fair value of
  financial assets, amounted to a loss of SEK 13,120 million (profit
  of 52).
*    The loss per share was SEK 49.83 (loss of 0.04).

Events during the third quarter

* A share buy-back programme was implemented on 8 September.  A
  maximum of 3,500,000 Class A- and Class B- shares may be
  repurchased for a maximum consideration of SEK 300 million between
  8 September and 30 November 2008.
*    On 30 September the number of shares bought back amounted to
  1,967,800 Class B shares at an average price of SEK 88.20, totaling
  SEK 174 million.

Financial results for the first nine months of the year

*    The market value of the Group's securities in Major Listed
  Holdings decreased by SEK 18,456*) million corresponding to 36% *).
*    Korsnäs' revenue amounted to SEK 5,728 million (5,698) and
  operating profit was SEK 567 million (825).
*    The Group's total revenue amounted to SEK 5,923 million (5,800)
  and operating profit was SEK 578 million (885).
*    Result after financial items, including changes in fair value of
  financial assets, amounted to a loss of SEK 18,902 million (profit
  of 9,666).
*    The loss per share was SEK 71.84 (profit of 36.09).

*)              Including dividends received.

Attachments

Press release.pdf