Interim report January-September 2011

| Source: Holmen AB Holmen AB 

Interim report January-September 2011


                                 Quarter          January-September  
 Full year
   SEKm                  11-mar  11-feb   10-mar  2011    2010       
2010
Net turnover             4 518   4 787    4 205   14 026  12 833      17
581
EBITDA*                  838     808      697     2 511   1 910       2
583
Operating profit*        519     492      383     1 570   971         1
332
Profit after tax         343     302      216     1 015   528        
704
Earnings per share, SEK  4.1     3.6      2.6     12.1    6.3        
8.4
Return on equity, %      8.1     7.3      5.2     8.1     4.3        
4.2

*Excluding SEK 264 million of items affecting comparability for 2010.

  · Profit after tax for January-September 2011 was SEK 1 015 million
(January-September 2010: SEK 528 million).
 
  · Earnings per share reached SEK 12.1 (6.3). Return on equity totalled
8.1 per cent (4.3).
 
  · Operating profit amounted to SEK 1 570 million (971). 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 second quarter, operating profit rose by SEK 27 million
to SEK 519 million. Hydro power production was high for the time of
year, and staff costs were seasonally low, while a large maintenance
stoppage had an adverse impact on profit.

  · Demand for both newsprint and paperboard in Europe weakened during
the third quarter, and the market for sawn timber remained weak.

 
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-September 2011 in accordance with
Chapter 17 of the Swedish Securities Market Act (2007:528). The
information was distributed to the media for publication at 13.00 CET on
Wednesday October 26 2011.

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