Quarter Full year
SEKm 1-21 4-20 1-20 2020
Net sales 4 703 4 249 4 499 16 327
Operating profit 849 595 628 2 479
Profit after tax 675 512 491 1 979
Earnings per share, SEK 4.2 3.2 3.0 12.2
Operating margin, % 18 14 14 15
Return on capital employed, % 6 6 7 6
Return on equity, % 5 5 6 5
Cash flow before investments and change in working capital 672 369 615 2 411
Debt/equity ratio, % 9 10 9 10
 

  • Operating profit for January–March was SEK 849 million (January–March 2020: 628). The increase in
    earnings can be attributed to higher prices and volumes for wood products, as well as lower production costs in paperboard.

  • Compared with the fourth quarter, operating profit increased by SEK 254 million due to rising prices for wood products and seasonally higher earnings from hydro power, as well as the negative impact on the previous quarter of a major maintenance shutdown in paperboard.

  • Profit after tax for January–March amounted to SEK 675 million (491), which corresponds to earnings per share of SEK 4.2 (3.0).

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 21 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. The information was submitted for publication, through the agency of the contact person set out above, at 11.45 CEST on Thursday, 29 April 2021.