2014-10-23
| |
|
Quarter |
|
January-September |
Full year |
| SEKm |
3-14 |
2-14 |
3-13 |
2014 |
2013 |
2013 |
| Net turnover |
3 956 |
3 946 |
3 939 |
11 983 |
12 293 |
16 231 |
Operating profit excl.
items affecting comparability |
522 |
351 |
326 |
1 262 |
871 |
1 209 |
| Operating profit |
522 |
351 |
326 |
1 262 |
731 |
1 069 |
| Profit after tax |
385 |
250 |
207 |
912 |
481 |
711 |
| Earnings per share, SEK |
4.6 |
3.0 |
2.5 |
10.9 |
5.7 |
8.5 |
| Return on equity, % |
7.4 |
4.8 |
4.1 |
5.8 |
3.1 |
3.4 |
Cash flow before
investing activities |
738 |
484 |
567 |
1 762 |
1 567 |
2 011 |
| Debt/equity ratio |
0.29 |
0.31 |
0.31 |
0.29 |
0.31 |
0.29 |
- Operating profit was SEK 1 262 million (January–September 2013: 731). The improvement in profit is due to higher prices for printing paper and sawn timber, a weaker Swedish krona and reduced production costs for paperboard. Profit for the previous year was impacted by items affecting comparability of SEK -140 million.
- Operating profit for the third quarter was SEK 522 million, which was SEK 171 million higher than in the second quarter owing to good paperboard production and seasonally low costs.
- Profit after tax amounted to SEK 912 million (481), which corresponds to earnings per share of SEK 10.9 (5.7).
- The market situation for paperboard during the quarter was stable, but it was weak for printing paper. The market situation for sawn timber weakened as a result of the high level of supply on the market.
For further information please contact:
Henrik Sjölund, President and CEO, tel. +46 8 666 21 05
Anders Jernhall, CFO, tel. +46 8 666 21 22
Ingela Carlsson, Communications 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 2014 in accordance with Chapter 17 of the Swedish Securities Market Act (2007:528). The information was distributed to the media for publication at 12.00 CET on Thursday, October 23, 2014.
This is a translation of the Swedish interim report of Holmen Aktiebolag (publ.). In the event of inconsistency between the English and the Swedish versions, the Swedish version shall prevail.