Quarter Jan-Jun Full year
SEKm 2-23 1-23 2-22 2023 2022 2022
Net sales 5 754 6 223 6 173 11 977 11 923 23 952
Operating profit excl. item affecting comparability 1 138 1 737 2 101 2 875 3 719 7 262
Operating profit 1 138 1 737 2 101 2 875 3 984 7 527
Profit after tax 890 1 371 1 642 2 261 3 125 5 874
Earnings per share, SEK 5.5 8.5 10.1 14.0 19.3 36.3
Operating margin, %* 20 28 34 24 31 30
Cash flow before investments and change in working capital 1 289 2 299 2 196 3 588 4 121 6 768
Debt/equity ratio, % 5 1 7 5 7 4

*Excl. item affecting comparability 2022; see page 15.

  • Operating profit for January-June 2023 was SEK 2 875 million (January-June 2022: SEK 3 984 million). Excluding items affecting comparability last year, operating profit decreased by SEK 844 million due to lower wood product prices.
  • Compared with the first quarter, the second quarter operating profit decreased by SEK 599 million to SEK 1 138 million as a result of a major maintenance shutdown in Workington and that previous quarter benefitted from electricity price hedges.
  • Profit after tax for January-June amounted to SEK 2 261 million (3 125), which corresponds to earnings per share of SEK 14.0 (19.3).
  • In the second quarter, a total of SEK 2 592 million of ordinary and extra dividends were paid and own shares were bought back for SEK 967 million.

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 and the Swedish Securities Market Act (2007:528). The information was submitted for publication, through the agency of the contact person set out above, at 07:30 CEST on Thursday, 17 August 2023.