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
Interim report January-March 2011
| Source: Holmen AB