Interim report 1 January - 30 September 2011
20 October 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. Pressrelease: http://hugin.info/1114/R/1556371/480268pdf This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Kinnevik via Thomson Reuters ONE [HUG#1556371]