Holmen: INTERIM REPORT JANUARY - SEPTEMBER 2001
SUMMARY GROUP
- The profit after financial items amounted to MSEK 2,166 (correspondingperiod 2000: 1,770*). The profit for the third quarter amounted to MSEK 857compared with MSEK 610 for the second quarter.
- Net turnover amounted to MSEK 12,312 (11,107). Net turnover for the thirdquarter was MSEK 4,099 compared with MSEK 4,097 for the second quarter.
- The operating profit amounted to MSEK 2,275 (1,857*). The third quarteroperating profit was MSEK 909 compared with MSEK 663 for the second quarter.
- The profit after tax was MSEK 1,958 (3,656), which corresponds to earningsper share of SEK 24.50 (41.20). Earnings per share for the third quarteramounted to SEK 13.00.
- The return on operating capital was 14.3 per cent (14.3*). The return onequity was 19.3 per cent (29.9).
- The market conditions for newsprint and magazine paper weakened during thethird quarter. Holmen Paper's capacity utilisation continued at a high leveland prices were stable.
The market conditions for paperboard remained weak during the third quarter.Iggesund Paperboard's production continued to be restricted due to marketconditions. Prices were stable.
SWEDEN, 25 October 2001, (Hugin) - Holmen, (HOLM): BUSINESS AREAS
Holmen Paper
The market conditions for newsprint and magazine paper weakened during thethird quarter. Deliveries of newsprint to Western Europe duringJanuary-September were slightly lower compared with the same period last year.Deliveries of MF Magazine and SC Paper increased by almost 2 per cent, whiledeliveries of coated grades declined by 4 per cent.
Holmen Paper's deliveries rose by 4 per cent during the third quarter but theorder situation has weakened. Capacity utilisation continued at a high leveland prices were stable. The January-September operating profit amounted to MSEK 1,842 (1,084). Theimprovement in the result is largely explained by price increases, favourablecurrency effects, and a positive result earned by the Spanish newsprint millthat was acquired in July last year.
The third quarter profit improved compared with the second quarter by MSEK 153to MSEK 750 as a result of higher delivery volumes and lower costs, to a largeextent seasonal. Maintenance stops and higher level of investment activities will negativelyaffect the fourth quarter result.
Iggesund Paperboard
The market conditions for paperboard remained weak during the third quarter.The order intake at West European producers showed a seasonal decline duringthe third quarter whereas deliveries remained unchanged. Iggesund Paperboard's deliveries rose by 6 per cent in relation to the lowlevel of deliveries during the second quarter. Production continued to berestricted due to market conditions. Prices were stable.
The January-September operating profit amounted to MSEK 345 (477). The declineis mainly explained by lower production and delivery volumes. The third quarter profit improved compared with the second quarter by MSEK 97to MSEK 150.