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Regulatory press release

Holmen's Interim Report January-June 2022

Holmen
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 Quarter Jan-Jun Full year
SEKm 2-22 1-22 2-21 2022 2021 2021

Net sales 6 173 5 750 5 12 11 923 9 832 19 479
9
Operating profit excl. item 2 101 1 617 898 3 719 1 747 4 061
affecting comparability
Operating profit 2 101 1 883 898 3 984 1 747 3 731

Profit after tax 1 642 1 483 698 3 125 1 373 3 004

Earnings per share, SEK 10.1 9.2 4.3 19.3 8.5 18.5
Operating margin, %* 34 28 18 31 18 21
Book value, forest assets, 47 47 199 43 47 396 43 464 47 080
SEKm 396 464
Cash flow before investments 2 196 1 925 1 01 4 121 1 691 3 375
and change in working capital 9
Debt/equity ratio, % 7 7 11 7 11 9

*Excl. item affecting comparability in Q1-22 (SEK +266 million) and full year 2021 (SEK -330 million); see page 15 for more information.
  • Operating profit for January-June 2022 was SEK 3 984 million (January-June 2021: 1 747). Excluding the item affecting comparability of SEK +266 million, operating profit increased by SEK 1 972 million to SEK 3 719 million. This was due to price increases in every product area, while cost inflation was limited by our high level of wood and energy self-sufficiency.
  • Compared with the first quarter, operating profit for the second quarter increased by SEK 484 million to SEK 2 101 million, excluding the item affecting comparability, due to further price increases.
  • Profit after tax for January-June amounted to SEK 3 125 million (1 373), which corresponds to earnings per share of SEK 19.3 (8.5).
  • A total of SEK 1 862 million of ordinary and extraordinary dividends was paid in April. Thanks to strong cash flow, net debt has decreased by roughly SEK 300 million since year-end.

For further information please contact:
Henrik Sjölund, President and CEO, tel. +46 8 666 21 05
Anders Jernhall, Executive Vice President and CFO, tel. +46 8 666 1 22
Stina Sandell, Senior Vice President Sustainability and Communications, tel. +46 73 986 51 12

This information such that Holmen AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act (2007:528). The information was submitted for publication, through the agency of the contact person set out above, at 07.30 CEST on Friday, 19 August 2022.
 

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