Interim report 1 January - 30 September 2011

20 Oct 2011, 8:00 AM

Financial results for the third quarter

· The net asset value amounted to SEK 57,189 m at the end of September, compared to SEK 58,770 m at the end of June.

· Korsnäs' operating profit amounted to SEK 342 m (368) and the operating margin was 16.6% (18.2%).

·  The Group's total revenue amounted to SEK 2,168 m (2,079).

·  Net loss after tax, including changes in fair value of financial assets, amounted to SEK 1,120 m (profit of 4,512) corresponding to a loss of 4.04 SEK (profit of 16.27) per share. 

Financial results for the first nine months of the year

·  The net asset value decreased during the the first nine months of the year by SEK 324 m from SEK 57,513 m at the end of 2010.

·  Korsnäs' operating profit amounted to SEK 784 m (810) and the operating margin was 12.6% (13.1%).

·  The Group's total revenue amounted to SEK 6,610 m (6,442).

·  Net profit after tax, including changes in fair value of financial assets, amounted to SEK 1,419 m (13,177) corresponding to SEK 5,11 (47.48) per share.