Quarter Jan−Sep Full year
SEKm 3-21 2-21 3-20 2021 2020 2020
Net sales 4 877 5 129 3 727 14 709 12 078 16 327
Operating profit excl. items affecting comparability 1 129 898 714 2 876 1 884 2 479
Operating profit 978 898 714 2 725 1 884 2 479
Profit after tax 763 698 565 2 136 1 467 1 979
Earnings per share, SEK 4.7 4.3 3.5 13.2 9.1 12.2
Operating margin, %* 23 18 19 20 16 15
Cash flow before investments and change in working capital 980 1 019 735 2 671 2 042 2 411
Debt/equity ratio, % 10 11 8 10 8 10

*Excluding item affecting comparability in Q3-21, see page 15.

  • Operating profit for January–September was SEK 2 725 million (January–September 2020: 1 884) and includes an item affecting comparability of SEK -151 million relating to a damaged turbine at the paperboard mill in Workington. Excluding the item affecting comparability, operating profit was SEK 2 876 million. The increase in profit of SEK 992 million was due to higher prices for wood products and the growth of the wood products business through the acquisition of Martinsons and the expansion of Braviken Sawmill. 
  • Operating profit for the third quarter excluding the item affecting comparability was SEK 1 129 million, compared with SEK 898 million in the second quarter. The increase in profit was due to higher prices for wood products and paper, as well as seasonally low costs. 
  • Profit after tax for January–September amounted to SEK 2 136 million (1 467), which corresponds to earnings per share of SEK 13.2 (9.1).

For further information please contact:

Henrik Sjölund, President and CEO, tel. +46 8 666 21 05
Anders Jernhall, Executive Vice President and CFO, tel. +46 8 666 1 22
Stina Sandell, Senior Vice President Sustainability and Communications, tel. +46 73 986 51 12

This information such that Holmen AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 11.40 CEST on Friday, 22 October 2021.