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Holmen reports strong Q3

2012-10-30 Holmen Paper reports an operating profit of 157 million SEK for january-september, compare to 231 million SEK in the same period last year. Demand for printing paper in Europe remained weak in the third quarter.

Magazine paper deliveries to Europe were 7 per cent lower in January–September than in the same period last year. The decline for newsprint was 10 per cent. Prices fell slightly around mid-year. Deliveries of the strategic products MF Magazine and book paper continued to rise.it was earlier announced that production at Hallsta Paper Mill was to be concentrated at the two paper machines with strong positions in MF Magazine and book paper, with a capacity of 525 000 tonnes. The third machine at the mill, which produces approximately 140 000 tonnes of SC paper annually, is intended to be closed down in the second half of 2013.Operating profit for business area Iggesund Paperboard in January–September totalled 525 million SEK compare to 681 million SEK in the same period last year. The decline was attributable to lower contributions from currency hedges. Compared with the second quarter, profit rose by SEK 43 million to SEK 177 million. Production and delivery volumes were high and costs seasonally low.

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