Holmen: Holmen’s Interim Report January-June 2014

STOCKHOLM--()--Regulatory News:

Holmen (STO:HOLMB) (STO:HOLMA)

  Quarter

 

 

January-June

  Full year

SEKm

2-14

  1-14   2-13

2014

  2013 2013
Net turnover

3 946

4 081 4 197

8 027

8 354 16 231
Operating profit excl.
items affecting comparability

351

389 307

740

545

1 209
Operating profit

351

389 307

740

405 1 069
Profit after tax

250

276 232

526

274 711
Earnings per share, SEK

3.0

3.3 2.8

6.3

3.3 8.5
Return on equity, %

4.8

5.3 4.5

5.0

2.6 3.4
Cash flow before investing activities

484

540 649

1 024

1 000 2 011
Debt/equity ratio

0.31

0.28 0.33

0.31

0.33 0.29

· Operating profit was SEK 740 million (January–June 2013: 405). The improvement in profit is due to higher prices for printing paper and sawn timber, as well as reduced costs. Profit for the previous year was impacted by items affecting comparability of SEK -140 million.

· In the second quarter operating profit amounted to SEK 351 million, SEK 38 million lower than in the first quarter as a result of seasonally lower hydro power production.

· Profit after tax amounted to SEK 526 million (274), which corresponds to earnings per share of SEK 6.3 (3.3). Return on equity was 5.0 per cent (2.6).

· The market situation for paperboard during the quarter was stable, but it weakened for printing paper. For sawn timber the market situation was good for pine, but it weakened for spruce.

In its capacity as issuer, Holmen AB is releasing the information in this interim report for January-June 2014 in accordance with Chapter 17 of the Swedish Securities Market Act (2007:528). The information was distributed to the media for publication at 12.45 CET on Wednesday August 13, 2014.

This information was brought to you by Cision http://news.cision.com

Contacts

Holmen
Henrik Sjölund
President and CEO
tel. +46 8 666 21 05
or
Anders Jernhall
CFO
tel. +46 8 666 21 22
or
Ingela Carlsson
Communications Director
tel. +46 70 212 97 12

Contacts

Holmen
Henrik Sjölund
President and CEO
tel. +46 8 666 21 05
or
Anders Jernhall
CFO
tel. +46 8 666 21 22
or
Ingela Carlsson
Communications Director
tel. +46 70 212 97 12