Interim Report 1 January - 30 June 2011

21 Jul 2011, 8:00 AM

Financial results for the second quarter

·  The net asset value increased during the second quarter to SEK 58,770 m, compared to SEK 57,746 m at the end of March. During the last 12 months, the net asset value has increased by 11.7%.

·  Korsnäs' operating profit amounted to SEK 178 m (243) and the operating margin was 8.7% (12.1%).

·  The Group's total revenue amounted to SEK 2,160 m (2,080).

·  Net profit after tax, including changes in fair value of financial assets, amounted to SEK 2,490 m (1,831) corresponding to SEK 8.98 (6.59) per share. 

Financial results for the first half year

·  The net asset value increased during the the first half year with SEK 1,257 m from SEK 57,513 m at the end of December 2010.

·  Korsnäs' operating profit amounted to SEK 442 m (442) and the operating margin was 10.6% (10.6%).

·  The Group's total revenue amounted to SEK 4,442 m (4,363).

·  Net profit after tax, including changes in fair value of financial assets, amounted to SEK 2,539 m (8,665) corresponding to SEK 9.15 (31.21) per share.