Interim report January-June 2011

 | Quelle: Holmen AB Holmen AB 

Interim report January-June 2011


                         Quarter              January-June  Full year
SEKm                     2-11   1-11   2-10   2011   2010   2010
Net turnover             4 787  4 721  4 227  9 508  8 628  17 581
EBITDA*                  808    864    586    1 672  1 214  2 583
Operating profit*        492    558    268    1 050  588    1 332
Profit after tax         302    370    133    672    312    704
Earnings per share, SEK  3.6    4.4    1.6    8.0    3.7    8.4
Return on equity, %      7.3    8.8    3.2    8.1    3.8    4.2

*Excluding SEK 264 million of items affecting comparability for the
fourth quarter 2010

  · Profit after tax for January-June 2011 was SEK 672 million
(January-June 2010: SEK 312 million).
 
  · Earnings per share amounted to SEK 8.0 (3.7). Return on equity
totalled 8.1 per cent (3.8).
 
  · Operating profit amounted to SEK 1 050 million (588). 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.
 
Operating profit decreased by SEK 66 million to SEK 492 million compared
to the first quarter as a consequence of lower operating profit in
Holmen Skog and seasonally lower operating profit for Holmen Energi.
 
  · Demand for newsprint in Europe rose somewhat in the first six
months, but was slightly lower for paperboard compared to the same
period last year. 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

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