2011-05-06
                              Quarter      Full year
 SEKm                     1-11   4-10   1-10    2010
 Net turnover            4 721  4 747  4 400  17 581
 Operating profit          558    625    320   1 596
 Operating profit excl items
 affecting comparability   558    361    320   1 332
 Profit after tax          370    176    178     704
 Earnings per share, SEK   4.4    2.1    2.1     8.4
 Return on equity, %       8.8    4.2    4.3     4.2
  • Profit after tax for January-March 2011 was SEK 370 million (January-March 2010: SEK 178 million).
  • Earnings per share were SEK 4.4 (2.1). Return on equity was 8.8 per cent (4.3).
  • Operating profit totalled SEK 558 million (320). The improvement is explained by higher prices for newsprint and paperboard, while higher costs for wood and recovered paper had an adverse impact on the result.

Compared to the fourth quarter, operating profit excluding items affecting comparability improved by SEK 197 million, mainly as a result of higher newsprint prices.

  • Demand for newsprint in Europe remained at the same level as one year ago. The market situation for Holmen's paperboard products remained robust, while the market for sawn timber was weak.

Magnus Hall
President and CEO

The report has not been reviewed by the company's auditors.

The interim report for January-June 2011 will be published on 17 August 2011.

For more information, please contact:

Magnus Hall, President and CEO, tel. +46 8 666 21 05

Anders Jernhall, CFO, tel. +46 8 666 21 22

Ingela Carlsson, Public Relations Director, tel. +46 70 212 97 12



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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