Earnings were negatively affected by price decreases for printing paper and sawn timber, as well as a number of significant rebuilding and maintenance shutdowns. This was largely offset by a weaker Swedish krona, good production and cost rationalisations.
Operating profit for 2015 after items affecting comparability amounted to SEK 769 million ($90 million).
Profit after tax for 2015 amounted to SEK 559 million ($65.3 million), which corresponds to earnings per share of SEK 6.7 ($0.8). Excluding items affecting comparability, profit after tax amounted to SEK 1 323 million and earnings per share was SEK 15.8 ($1.8).
Holmen's 4Q 2015 sales down 8% year-over-year to SEK 3.69 billion ($431 million).
Compared with the 3Q, operating profit decreased by SEK 117 million ($13.6 million) to SEK 376 million ($44 million) as a result of a significant maintenance shutdown at Iggesund Mill.
Operating profit for the 4Q 2015 was negatively affected by SEK 931 million ($108.7 million) in items affecting comparability relating to impairment losses on non-current assets, provisions for costs and the effects of a fire.
Holmen is a forest industry group that manufactures printing paper, paperboard and sawn timber and runs forestry and energy production operations.
