Holmen’s Interim Report January-June 2022
| Quarter | Jan-Jun | Full year | ||||
| SEKm | 2-22 | 1-22 | 2-21 | 2022 | 2021 | 2021 |
| Net sales | 6 173 | 5 750 | 5 129 | 11 923 | 9 832 | 19 479 |
| Operating profit excl. item affecting comparability | 2 101 | 1 617 | 898 | 3 719 | 1 747 | 4 061 |
| 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, SEKm | 47 396 | 47 199 | 43 464 | 47 396 | 43 464 | 47 080 |
| Cash flow before investments and change in working capital | 2 196 | 1 925 | 1 019 | 4 121 | 1 691 | 3 375 |
| 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.
