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Interim Report 

January-June 2009
 
 

  • The Group's net turnover for January–June 2009 amounted to SEK 9 025 million (January–June 2008: 9 700 million).

  • Profit after tax was SEK 501 million (395).

  • Earnings per share amounted to SEK 6.0 (4.7). The return on equity was 6.5 per cent (4.7).

  • Operating profit reached SEK 787 million (704). Increases in prices of newsprint and paperboard had a favourable effect on the result, whereas weak demand led to extensive production curtailments.

    In the second quarter operating profit amounted to SEK 372 million, which was SEK 43 million lower than during the first quarter 2009. The decrease is primarily due to seasonally lower results for Holmen Energi.

  • The market for the Group’s products remained weak. In Europe, demand for newsprint was 15 per cent lower and for virgin fibre board it was 13 per cent lower in the first half of 2009 than during the corresponding period in 2008.

 
 

 

Quarter

January-June

Full year

MSEK

2-09

1-09

2-08

2009

2008

2008

Net turnover

4 496

4 529

4 826

9 025

9 700

19 334

Operating profit*

372

415

257

787

704

1 051

Profit after tax

256

245

124

501

395

642

Earnings per share, SEK

3.0

2.9

1.5

6.0

4.7

7.6

Return on equity, %

6.6

6.4

3.0

6.5

4.7

3.9

 

*The operating profit for full year 2008 includes items affecting comparability of cost SEK 361 million,

  of which cost SEK 63 million in January-June 2008.

 

 

pdf Interim Report January-June 2009

 
 

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Latest update: 9/2/2010 3:03 PM