Quarter   Full year
SEKm 4-12 3-12 4-11 2012 2011
Net turnover 4 276 4 230 4 630 17 852 18 656
Operating profit excl.
items affecting comp.*		 271 394 410 1 713 1 980
Operating profit 78 394 4 003 1 520 5 573
Profit after tax 902 249 2 939 1 853 3 955
Earnings per share, SEK 10.7 3.0 35.0 22.1 47.1
Return on equity, % 17.7 5.0 64.0 9.3 23.1

* Items affecting comparability in Q4 2012 refers to an impairment loss and restructuring costs in Holmen Paper (-193 million) and Q4 2011 revaluation of forest (+3 593 million).

  • Profit after tax for 2012 was SEK 1 853 (2011: 3 955) million. The profit includes an impairment loss and restructuring costs of SEK -193 million and SEK +911 million in non-recurring tax effects. Profit after tax for the previous year includes SEK +2 648 million from the revaluation of forest.
  • Earnings per share amounted to SEK 22.1 (47.1). Return on equity was 9.3 (23.1) per cent.
  • The Board proposes a dividend of SEK 9 (8) per share.
  • Operating profit excluding items affecting comparability totalled SEK 1 713 (1 980) million. The contribution from currency hedges fell, while the change in the value of forests rose.
  • Operating profit for the fourth quarter decreased by SEK 123 million to SEK 271 million, excluding items affecting comparability. Costs showed a seasonal increase and exchange rates had a negative effect on profit.
  • The market situation for paperboard was stable during the quarter, while demand for printing paper and sawn timber was 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, Communications Director, tel. +46 70 212 97 12

In its capacity as issuer, Holmen AB is releasing the information in this year-end report for 2012 in accordance with Chapter 17 of the Swedish Securities Market Act (2007:528). The information was distributed to the media for publication at 12.30 CET on Thursday February 7, 2013.