Holmen : Regulatory press release

Quarter	Jan-Sep	Full year
SEKm	3-22	2-22	3-21	2022	2021	2021
Net sales	5 784	6 173	4 877	17 707	14 709	19 479
Operating profit excl. item affecting comparability	1 921	2 101	1 129	5 640	2 876	4 061
Operating profit	1 921	2 101	978	5 905	2 725	3 731
Profit after tax	1 482	1 642	763	4 606	2 136	3 004
Earnings per share, SEK	9.1	10.1	4.7	28.5	13.2	18.5
Operating margin, %*	33	34	23	32	20	21
Book value, forest assets, SEKm	47 602	47 396	43 693	47 602	43 693	47 080
Cash flow before investments and change in working capital	1 662	2 196	980	5 783	2 671	3 375
Debt/equity ratio, %	5	7	10	5	10	9

*Excl. the item affecting comparability; see page 15.

• Operating profit for January-September 2022 was SEK 5 905 million (January-September 2021: 2 725). Excluding the item affecting comparability, operating profit increased by SEK 2 764 million to SEK 5 640 due to higher selling prices, while cost inflation was limited by our high level of wood and energy self-sufficiency.
• Compared with the second quarter, operating profit for the third quarter decreased by SEK 180 million to SEK 1 921 million. A weaker wood products market had an adverse impact, but this was largely offset by higher earnings in other business areas.
• Profit after tax for January-September amounted to SEK 4 606 million (2 136), which corresponds to earnings per share of SEK 28.5 (13.2).

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 in-formation was submitted for publication, through the agency of the contact person set out above, at 07.30 CEST on Thursday, 20 October 2022.

• Holmen Interim Report January-September 2022