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  • The Group's net turnover for January-June amounted to MSEK 9 240 (January-June 2005: 8 002).
  • Profit after tax was MSEK 709 (488).
  • Earnings per share amounted to SEK 8.4 (5.8). Return on equity was 8.8% (6.3).
  • The operating profit was MSEK 1 104 (813). The improvement is due to higher deliveries of paperboard and newsprint and higher prices for newsprint.
  • The operating result for the second quarter was MSEK 134 lower than in the first quarter, mainly as a result of lower production and increased costs in connection with maintenance stops and lower profits at Holmen Kraft and Holmen Skog.
  • The market situation for newsprint remained strong in Europe during the second quarter. Holmen Paper's deliveries were 16% higher than in the first half of 2005, mainly as a result of the new paper machine in Madrid. On average, prices for Holmen Paper's products were some 5% higher in relation to the previous year.
  • The market situation for virgin fibre board in Europe remained good in the second quarter. Iggesund Paperboard's deliveries were 9% higher than in the first half of 2005. Prices were stable.

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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