Holmen : Interim Report January-September 2021

		Quarter		Jan−Sep		Full year
SEKm	3-21	2-21	3-20	2021	2020	2020
Net sales	4 877	5 129	3 727	14 709	12 078	16 327
Operating profit excl. items affecting comparability	1 129	898	714	2 876	1 884	2 479
Operating profit	978	898	714	2 725	1 884	2 479
Profit after tax	763	698	565	2 136	1 467	1 979
Earnings per share, SEK	4.7	4.3	3.5	13.2	9.1	12.2
Operating margin, %*	23	18	19	20	16	15
Cash flow before investments and change in working capital	980	1 019	735	2 671	2 042	2 411
Debt/equity ratio, %	10	11	8	10	8	10

*Excluding item affecting comparability in Q3-21, see page 15.

• Operating profit for January-September was SEK 2 725 million (January-September 2020: 1 884) and includes an item affecting comparability of SEK -151 million relating to a damaged turbine at the paperboard mill in Workington. Excluding the item affecting comparability, operating profit was SEK 2 876 million. The increase in profit of SEK 992 million was due to higher prices for wood products and the growth of the wood products business through the acquisition of Martinsons and the expansion of Braviken Sawmill. 
• Operating profit for the third quarter excluding the item affecting comparability was SEK 1 129 million, compared with SEK 898 million in the second quarter. The increase in profit was due to higher prices for wood products and paper, as well as seasonally low costs. 
• Profit after tax for January-September amounted to SEK 2 136 million (1 467), which corresponds to earnings per share of SEK 13.2 (9.1).

For further information please contact:

Henrik Sjölund, President and CEO, tel. [phone]
Anders Jernhall, Executive Vice President and CFO, tel. [phone]
Stina Sandell, Senior Vice President Sustainability and Communications, tel. [phone]

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 11.40 CEST on Friday, 22 October 2021.

Holmen's business is built around the forest ecocycle and the renewable products we can create from it. Our business areas are Forest, Renewable Energy, Wood Products, Paperboard and Paper. With a workforce of 3 300 people, we create value for shareholders, customers and society. Our net sales in 2020 amounted to just over SEK 16 billion and our shares are listed on Nasdaq Stockholm, Large Cap. Please visit holmen.com for more information.

https://news.cision.com/holmen/r/holmen-interim-report-january-september-2021,c3438286

https://mb.cision.com/Main/308/3438286/1484818.pdf

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