Holmen's Interim Report January-June 2024

REG
 Quarter Jan-Jun Full year
SEKm 2-24 1-24 2-23 2024 2023 2023
Net sales 5 894 5 720 5 754 11 613 11 977 22 795
EBITDA 1 319 1 300 1 471 2 619 3 550 6 114
Operating profit 983 944 1 138 1 927 2 875 4 755
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 56 744 56 532 52 459 56 744 52 459 56 348
Cash flow before investments and change in working capital 1 024 1 112 1 289 2 136 3 588 5 311
Net financial debt 3 255 2 034 2 621 3 255 2 621 1 869
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.
 

Datum 2024-08-15, kl 08:00
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