Quarter Full year
SEKm 1-22 4-21 1-21 2021
Net sales 5 750 4 770 4 703 19 479
Operating profit excl. item affecting comparability 1 617 1 185 849 4 061
Operating profit 1 883 1 006 849 3 731
Profit after tax 1 483 868 675 3 004
Earnings per share, SEK 9.2 5.4 4.2 18.5
Operating margin, %* 28 25 18 21
Book value, forest assets, SEKm 47 199 47 080 43 340 47 080
Cash flow before investments and change in working capital 1 925 704 672 3 375
Debt/equity ratio, % 7 9 9 9

*Excl. the item affecting comparability in Q1-22 (SEK 266 million), Q4-21 (SEK -179 million) and 2021 (SEK -330 million); see page 14 for more information.

  • Operating profit for January–March 2022 was SEK 1 883 million (January–March 2021: 849). Operating profit includes net SEK +266 million related to the damaged turbine at Workington, which is being treated as an item affecting comparability. Excluding the item affecting comparability, operating profit increased by SEK 768 million to SEK 1 617 million because of higher selling prices for paper and wood products. 
  • Compared with the fourth quarter, operating profit excluding the item affecting comparability increased by SEK 432 million, mainly due to price increases for paper and increased deliveries of wood products. Profit for the fourth quarter included just over SEK +200 million from the sale of a British forest property. 
  • Profit after tax for January–March amounted to SEK 1 483 million (675), which corresponds to earnings per share of SEK 9.2 (4.2).

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 07.30 CEST on Thursday, 28 April 2022.