Quarter Full year
SEKm 4-21 3-21 4-20 2021 2020
Net sales 4 770 4 877 4 249 19 479 16 327
Operating profit excl. item affecting comparability 1 185 1 129 595 4 061 2 479
Operating profit 1 006 978 595 3 731 2 479
Profit after tax 868 763 512 3 004 1 979
Earnings per share, SEK 5.4 4.7 3.2 18.5 12.2
Operating margin, %* 25 23 14 21 15
Book value, forest assets 47 080 43 693 43 202 47 080 43 202
Cash flow before investments and change in working capital 704 980 369 3 375 2 411
Debt/equity ratio, % 9 10 10 9 10

*Excluding item affecting comparability in Q4-21 and Q3-21, see page 16. 

  • Operating profit for 2021 amounted to SEK 3 731 million (2020: 2 479). Excluding the item affecting compa-rability related to the damaged turbine at the paperboard mill in Workington, operating profit increased by SEK 1 582 million to SEK 4 061 million as a result of higher prices for wood products and the expansion of the wood products business.
  • Operating profit for the fourth quarter excluding the item affecting comparability was SEK 1 185 million, compared with SEK 1 129 million in the third quarter. The sale of a British forest property had a positive im-pact on profit of just over SEK 200 million, while lower wood product prices had a negative impact on profit.
  • Profit after tax in 2021 amounted to SEK 3 004 million (1 979), which corresponds to earnings per share of  SEK 18.5 (12.2).
  • Prices for forest properties continued to increase in 2021, which meant that the recognised value of forest assets during the annual revaluation increased 9 per cent from SEK 43 202 million at the beginning of the year to SEK 47 080 million. 
  • The Board proposes an ordinary dividend of SEK 7.50 per share and an extra dividend of SEK 4.00 per share.

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 11.15 CET on Friday, 28 January 2022.