Quarter January-June Full year SEKm 2-14 1-14 2-13 2014 2013 2013 Net turnover 3 946 4 081 4 197 8 027 8 354 16 231 Operating profit 351 389 307 740 545 1 209 excl. items affecting comparability Operating profit 351 389 307 740 405 1 069 Profit after tax 250 276 232 526 274 711 Earnings per 3.0 3.3 2.8 6.3 3.3 8.5 share, SEK Return on equity, 4.8 5.3 4.5 5.0 2.6 3.4 % Cash flow before 484 540 649 1 024 1 000 2 011 investing activities Debt/equity ratio 0.31 0.28 0.33 0.31 0.33 0.29 · Operating profit was SEK 740 million (January–June 2013: 405). The improvement in profit is due to higher prices for printing paper and sawn timber, as well as reduced costs. Profit for the previous year was impacted by items affecting comparability of SEK -140 million. · In the second quarter operating profit amounted to SEK 351 million, SEK 38 million lower than in the first quarter as a result of seasonally lower hydro power production. · Profit after tax amounted to SEK 526 million (274), which corresponds to earnings per share of SEK 6.3 (3.3). Return on equity was 5.0 per cent (2.6). · The market situation for paperboard during the quarter was stable, but it weakened for printing paper. For sawn timber the market situation was good for pine, but it weakened for spruce. 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 In its capacity as issuer, Holmen AB is releasing the information in this interim report for January-June 2014 in accordance with Chapter 17 of the Swedish Securities Market Act (2007:528). The information was distributed to the media for publication at 12.45 CET on Wednesday August 13, 2014.
Holmen’s interim report January-June 2014
| Source: Holmen AB
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