Quarter Full year
SEKm 1-20 4-19 1-19 2019
Net sales 4 499 4 194 4 260 16 959
Operating profit excl. items 628 587 643 2 345
affecting comparability
Operating profit 628 9 357 643 11 115
Profit after tax 491 7 368 503 8 731
Earnings per share, SEK 3.0 45.5 3.0 52.6
Operating margin, %* 14.0 14.0 15.1 13.8
Return on capital employed, 5.7 9.0 9.7 8.9
%*
Return on equity, %* 4.9 7.6 8.5 7.8
Cash flow before investments 615 665 655 2 727
and change in working capital
Debt/equity ratio, % 9 9 12 9
*Excluding items affecting comparability 2019.
· Operating profit for January-March was
· Compared with the fourth quarter, operating profit excluding items affecting comparability increased by
· Profit after tax for January-March amounted to
· The COVID-19 outbreak has had a limited impact on the Group's earnings in the first quarter. However, order intake for in particular paper and wood products has decreased over the past month, which will have a negative impact on sales in the second quarter.
· The Group's financial position is strong but, in view of the uncertainty created by COVID-19, the Board has decided to withdraw the previously proposed dividend. In the autumn the Board will assess whether a dividend should be paid and, if so, will convene an extraordinary general meeting.
For further information please contact:
This information such that
Holmen's business concept is to own and add value to the forest. The forest holdings form the basis of the business - an ecocycle in which the raw material grows and is refined into everything from wood for climate-smart building to renewable packaging, magazines and books. The forest is managed to provide a good annual return and stable value growth while our production operations are run with a focus on profitability and greater value added. In 2019 Holmen's net sales were approx. SEK 17 billion and the group has approx. 3 000 employees. Holmen's shares are listed on Nasdaq Stockholm, Large Cap. For more information, visit holmen.com.
https://news.cision.com/holmen/r/holmen-interim-report-january-march-2020,c3100133
https://mb.cision.com/Main/308/3100133/1238831.pdf
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