Holmen’s operating profit totalled SEK 1 048 million (1 050). Profit after tax for the first half of 2012 rose four percent from year ago.
Earnings from forest increased, while the contribution from currency hedges fell. The operating profit from the second quarter was SEK 488 million, SEK 72 million lower than in the preceding quarter. Earnings from hydro power generated by the company were lower due to seasonal factors. Production efficiency and low costs in printing paper largely offset the expiry of favourable currency hedges.
The market situation for paperboard was stable during the quarter, while demand for printing paper and sawn timber was weak
