• Profit after financial items amounted to MSEK 823 (first quarter of 1999: 615). The profit for the fourth quarter of 1999 was MSEK 631.
  • The profit for the period after tax amounted to MSEK 607 (418) which corresponds to earnings per share of SEK 6.80 (4.70). The return on equity was 15.0 per cent (9.0).
  • Net turnover amounted to MSEK 3,685 (5,653 including and 3,699 excluding divested activities).
  • Demand for newsprint and magazine paper remained strong. Holmen Paper's delivery volumes were high, its order books were strong and prices remained stable.
  • Demand for paperboard was strong during the first quarter. Price increases of 5-7 per cent came into effect at the beginning of the year and further price increases are announced by Iggesund Paperboard. Production at Workington is now running satisfactorily after the rebuilding during the fourth quarter of 1999, but deliveries are still low.

Holmen AB, P.O. Box 5407, SE-114 84 Stockholm, Sweden.

Visiting address: Strandvägen 1, Stockholm.

Tel: +46 8 666 21 00   E-mail: info@holmen.com

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