Holmen again reported impressive quarterly results, with the Q1 17 performance exceeding consensus estimates (by 5-7%). Sales increased (+7.9% yoy; +4.9% qoq) to SEK4.1bn, with all segments, except for paper (marred by still declining prices) and energy (impacted by lower production), witnessing growth to varying degrees. Almost mimicking the top-line trend, adjusted EBIT came in at SEK633m (+8.2% yoy and qoq) and net profit at SEK485m (+118% yoy – with Q1 16 weighed by exceptionals of
09 May 2017
Another strong quarterly performance
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Another strong quarterly performance
Holmen again reported impressive quarterly results, with the Q1 17 performance exceeding consensus estimates (by 5-7%). Sales increased (+7.9% yoy; +4.9% qoq) to SEK4.1bn, with all segments, except for paper (marred by still declining prices) and energy (impacted by lower production), witnessing growth to varying degrees. Almost mimicking the top-line trend, adjusted EBIT came in at SEK633m (+8.2% yoy and qoq) and net profit at SEK485m (+118% yoy – with Q1 16 weighed by exceptionals of