Interim report 1 January - 30 September 2011


Financial results for the third quarter
· The net asset value amounted to SEK 57,189 m at the end of September, compared
to SEK 58,770 m at the end of June.
· Korsnäs' operating profit amounted to SEK 342 m (368) and the operating margin
was 16.6% (18.2%).
·  The Group's total revenue amounted to SEK 2,168 m (2,079).
·  Net loss after tax, including changes in fair value of financial assets,
amounted to SEK 1,120 m (profit of 4,512) corresponding to a loss of 4.04 SEK
(profit of 16.27) per share.
Financial results for the first nine months of the year
·  The net asset value decreased during the the first nine months of the year by
SEK 324 m from SEK 57,513 m at the end of 2010.
·  Korsnäs' operating profit amounted to SEK 784 m (810) and the operating
margin was 12.6% (13.1%).
·  The Group's total revenue amounted to SEK 6,610 m (6,442).
·  Net profit after tax, including changes in fair value of financial assets,
amounted to SEK 1,419 m (13,177) corresponding to SEK 5,11 (47.48) per share.

[HUG#1556371]

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