Holmen reports improved first quarter result
May 8 2012 Holmen reports an operating result of 560 million Kronor for the first quarter, to be compared with 410 million in the previous quarter and 558 million in the first quarter last year. Profit after tax improved sigbnificantly.
Holmen's net turnover in the first quarter of 2012 was 4 778 million Kronor, compared with 4 721 million the same period 2011. Profit after tax was 389 million (370), and the operating profit reached 560 million (558). Compared with the fourth quarter 2011, operating profit increased by 150 million Kronor, following improvements in all business areas, Holmen writes in its report.Demand for paperboard in Europe improved in the first quarter but remained weak for printing paper and sawn timber.