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Regulatory press release

Holmen's Interim Report January-June 2024

Holmen
Download the release

 Quarter Jan-Jun Full year
SEKm 2-24 1-24 2-23 2024 2023 2023

Net sales 5 89 5 720 5 75 11 613 11 977 22 795
4 4
EBITDA 1 31 1 300 1 47 2 619 3 550 6 114
9 1
Operating profit 983 944 1 13 1 927 2 875 4 755
8
Profit after tax 744 744 890 1 487 2 261 3 697
Earnings per share, SEK 4.7 4.7 5.5 9.3 14.0 23.0
Operating margin, % 17 17 20 17 24 21
Book value, forest assets 56 56 532 52 56 744 52 459 56 348
744 459
Cash flow before investments 1 02 1 112 1 28 2 136 3 588 5 311
and change in working capital 4 9
Net financial debt 3 25 2 034 2 62 3 255 2 621 1 869
5 1
Debt/equity ratio, % 6 4 5 6 5 3

  • Operating profit for January-June 2024 amounted to SEK 1 927 million (January-June 2023: 2 875). The decrease in operating profit is due to lower paper prices and the positive impact of income from the sale of surplus electricity the previous year.
  • Compared with the first quarter, operating profit for the second quarter increased by SEK 39 million to SEK 983 million. The operating margin was 17 per cent (17).
  • Profit after tax for January-June amounted to SEK 1 487 million (2 261), which corresponds to earnings per share of SEK 9.3 (14.0).
  • A total of SEK 1 831 million of ordinary and extra dividends was paid in the second quarter.
  • The Board of Directors has decided to initiate the repurchase of up to 3 million shares.
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 is information 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 08.00 CEST on Thursday, 15 August 2024.
 

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