Interim report January-September 2011

                         Quarter        Jan-Sept Full year
    SEKm            3-11  2-11  3-10   2011   2010   2010
 Net turnover      4 518 4 787 4 205 14 026 12 833 17 581
 EBITDA*)            838   808   697  2 511  1 910  2 583
 Operating profit*)  519   492   383  1 570    971  1 332
 Profit after tax    343   302   216  1 015    528    704
 Earnings per share,
 SEK                 4.1   3.6   2.6   12.1    6.3    8.4
 Return on equity, % 8.1   7.3   5.2    8.1    4.3    4.2

*)Excluding SEK 264 million of items affecting comparability for 2010.

• Profit after tax for January-September 2011 was SEK 1 015 million (January-September 2010: SEK 528 million).
• Earnings per share reached SEK 12.1 (6.3). Return on equity totalled 8.1 per cent (4.3).
• Operating profit amounted to SEK 1 570 million (971). The improvement is explained by higher prices for newsprint and paperboard, while higher costs for wood and recovered paper had an adverse impact on the result.

• Demand for both newsprint and paperboard in Europe weakened during the third quarter, and the market for sawn timber remained 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, Public Relations Director, tel. +46 70 212 97 12

In its capacity as issuer, Holmen AB is releasing the information in this interim report for January-September 2011 in accordance with Chapter 17 of the Swedish Securities Market Act (2007:528). The information was distributed to the media for publication at 13.00 CET on Wednesday October 26 2011.

• Interim Report