Holmen AB: Holmen's Interim Report January-June 2024

		Quarter		Jan-Jun		Full year
SEKm	2-24	1-24	2-23	2024	2023	2023
Net sales	5 894	5 720	5 754	11 613	11 977	22 795
EBITDA	1 319	1 300	1 471	2 619	3 550	6 114
Operating profit	983	944	1 138	1 927	2 875	4 755
Profit after tax	744	744	890	1 487	2 261	3 697
Earnings per share, SEK	4.7	4.7	5.5	9.3	14.0	23.0
Operating margin, %	17	17	20	17	24	21
Book value, forest assets	56 744	56 532	52 459	56 744	52 459	56 348
Cash flow before investments and change in working capital	1 024	1 112	1 289	2 136	3 588	5 311
Net financial debt	3 255	2 034	2 621	3 255	2 621	1 869
Debt/equity ratio, %	6	4	5	6	5	3

• Operating profit for January-June 2024 amounted to SEK 1 927 million (January-June 2023: 2 875). The decrease in operating profit is due to lower paper prices and the positive impact of income from the sale of surplus electricity the previous year.
• Compared with the first quarter, operating profit for the second quarter increased by SEK 39 million to SEK 983 million. The operating margin was 17 per cent (17).
• Profit after tax for January-June amounted to SEK 1 487 million (2 261), which corresponds to earnings per share of SEK 9.3 (14.0).
• A total of SEK 1 831 million of ordinary and extra dividends was paid in the second quarter.
• The Board of Directors has decided to initiate the repurchase of up to 3 million shares.

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 is information that Holmen AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act (2007:528). The information was submitted for publication, through the agency of the contact person set out above, at 08.00 CEST on Thursday, 15 August 2024.