• Profit after tax for 2011 was SEK 3 955 million (2010: SEK 704 million). Revaluation of forest affected profit after tax for the year in the amount of SEK 2 648 million.
  • Earnings per share totalled SEK 47.1 (8.4), including SEK 31.5 from revaluation of forest. Return on equity was 23.1 per cent (4.2).
  • The Board of Directors proposes a dividend of SEK 8 (7) per share.
  • Operating profit, excluding items affecting comparability, totalled SEK 1 980 million (1 332). The improvement is explained by higher prices for printing paper and paperboard, while higher costs for wood and recovered paper had an adverse impact on the result.
  • Compared to the third quarter, operating profit declined by SEK 109 million to SEK 410 million as a result of seasonally higher costs and market related production limitations.
  • Demand in Europe for printing paper, paperboard and sawn timber remained weak in the fourth quarter.

Quarter Full year
SEKm 4-11 3-11 4-10 2011 2010
Net turnover 4 630 4 518 4 747 18 656 17 581
EBITDA* 729 838 937 3 240 2 583
Operating profit* 410 519 361 1 980 1 332
Profit after tax 2 939 343 176 3 955 704
Earnings per share, SEK 35.0 4.1 2.1 47.1 8.4
Return on equity, % 64.0 8.1 4.2 23.1 4.2

*)Excluding items affecting comparability: Q4 2011 + SEK 3 539 million due to revaluation of forest. Q4 2010 net + SEK 264 million.

 
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 year-end report 2011 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 2 2012.