Wednesday, August 14, 2013

Holmen Reports H1 Results

http://www.holmen.com/
Profit after tax for January-June 2013 was SEK 274 million (January-June 2012: 701).
Earnings per share totalled SEK 3.3 (8.3).
Return on equity was 2.6 per cent (7.2).
Operating profit, excluding items affecting comparability, totalled SEK 545 million (1 048). The decline was attributable to lower selling prices for printing paper and a stronger Swedish krona.
Compared with the first quarter, operating profit rose by SEK 69 million to SEK 307 million. The establish-ment of a jointly-owned wind power company and start-up of a biofuel boiler in the UK had a positive effect on the result, while a major maintenance shutdown at Iggesund Mill had a negative impact.
The market situation for paperboard was stable, while demand for printing paper and sawn timber remained weak