Holmen has recently published its financial report Q3 2011. Profit after tax for January-September 2011 was SEK 1 015 million (January-September 2010: SEK 528 million).
Earnings per share reached SEK 12.1 (6.3). Return on equity totalled 8.1 per cent (4.3).
Operating profit amounted to SEK 1 570 million (971). The improvement is explained by higher prices for newsprint and paperboard, while higher costs for wood and recovered paper had an adverse impact on the result.
Demand for both newsprint and paperboard in Europe weakened during the third quarter, and the market for sawn timber remained weak.
