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  • The Group's net turnover for January-September 2008 amounted to MSEK 14 291 (January-September 2007: 14 086).
  • Profit after tax was MSEK 371 (1 164).
  • Earnings per share after dilution amounted to SEK 4.4 (13.7). Return on equity was 3.0% (9.5).
  • The operating profit was MSEK 767 (1 804). This figure includes net costs affecting comparability of MSEK 361 within Holmen Paper, of which a provision in the third quarter for the closure of Wargön Mill accounted for MSEK 298.
  • The operating profit excluding items affecting comparability amounted to MSEK 1 128 (1 804). The decline in the result is due to lower newsprint prices and the higher cost of wood and other input goods.
  • The operating profit excluding items affecting comparability for the third quarter amounted to MSEK 362, which was MSEK 42 higher than for the second quarter. The improvement in the result is mainly attributable to seasonally lower personnel and maintenance costs, whereas the result was adversely affected by higher costs of input goods.
  • Demand for newsprint in Europe was lower than in the previous year, while exports from Europe rose, imports declined and some capacity was taken out of production. This has resulted in a high level of capacity utilisation at European producers.
  • Deliveries of virgin-fibre board from European producers to Europe during January-September were broadly the same as in the previous year. Prices have been increased in Europe during the second half of the year.

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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