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  • Items affecting comparability relate to a write-down of fixed assets and a positive revaluation of forests of net MSEK 557 carried through in the fourth quarter of 2007.

· Profit after tax was MSEK 271 (397).

· Earnings per share amounted to SEK 3.2 (4.7). Return on equity was 6.4% (9.7).

· The operating profit was MSEK 446 (634). This result was adversely affected by lower newsprint prices and higher cost of wood.

  • The operating profit excluding items affecting comparability was MSEK 36 lower than during the fourth quarter of 2007.

· The demand for newsprint in Europe fell slightly during the first quarter. The price of newsprint fell. In Holmen Paper's case, the price
was on average some 4% lower than in the first quarter of 2007, whereas deliveries rose by 3%.

  • The market situation for virgin fibre board in Europe weakened slightly during the first quarter. Iggesund's deliveries were 5% lower than

The Holmen Group

Holmen is a forest industry group that manufactures printing paper, paperboard and sawn timber and runs forestry and energy production operations. The company’s extensive forest holdings and its high proportion of energy production are strategically important resources for its future growth.

Holmen AB

Tel: 08-666 21 00

E-post: info@holmen.com

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