Holmen´s net turnover 2009 was 18,071 million Kronor (19.334 million 2008). The operating profit amounted to 1,620 million Kronor (1,051). The result of 2008 included non-recurring items of 361 million.Higher newsprint and paperboard prices improved the profit 2009. Weak demand, however, led to considerable production curtailments, which had a negative effect on the result. Demand was weak in the Holmen’s product areas during the year. In Europe demand for newsprint fell by 14 percent and for virgin fiber board by nine percent, compared to 2008. The earnings trend for all business areas was positive, except for Holmen Paper.Earnings per share were 12.0 Kronor (7.6). Return on equity totaled 6.4 percent (3.9).In the fourth quarter, Holmen’s operating profit reached 392 million Kronor, which was 50 million lower than during the third quarter. The fourth quarter includes seasonally higher costs as well as provisions and write-downs of 125 million Kronor.