Holmen’s Interim Report January-June 2023
| Quarter | Jan-Jun | Full year | ||||
| SEKm | 2-23 | 1-23 | 2-22 | 2023 | 2022 | 2022 |
| Net sales | 5 754 | 6 223 | 6 173 | 11 977 | 11 923 | 23 952 |
| Operating profit excl. item affecting comparability | 1 138 | 1 737 | 2 101 | 2 875 | 3 719 | 7 262 |
| Operating profit | 1 138 | 1 737 | 2 101 | 2 875 | 3 984 | 7 527 |
| Profit after tax | 890 | 1 371 | 1 642 | 2 261 | 3 125 | 5 874 |
| Earnings per share, SEK | 5.5 | 8.5 | 10.1 | 14.0 | 19.3 | 36.3 |
| Operating margin, %* | 20 | 28 | 34 | 24 | 31 | 30 |
| Cash flow before investments and change in working capital | 1 289 | 2 299 | 2 196 | 3 588 | 4 121 | 6 768 |
| Debt/equity ratio, % | 5 | 1 | 7 | 5 | 7 | 4 |
*Excl. item affecting comparability 2022; see page 15.
- Operating profit for January-June 2023 was SEK 2 875 million (January-June 2022: SEK 3 984 million). Excluding items affecting comparability last year, operating profit decreased by SEK 844 million due to lower wood product prices.
- Compared with the first quarter, the second quarter operating profit decreased by SEK 599 million to SEK 1 138 million as a result of a major maintenance shutdown in Workington and that previous quarter benefitted from electricity price hedges.
- Profit after tax for January-June amounted to SEK 2 261 million (3 125), which corresponds to earnings per share of SEK 14.0 (19.3).
- In the second quarter, a total of SEK 2 592 million of ordinary and extra dividends were paid and own shares were bought back for SEK 967 million.
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 Thursday, 17 August 2023.