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Interim Report 2008 1 January - 30 September

10/23/2008 8:00 AM

Financial results for the third quarter
 
  •    The market value of the Group's securities in Major Listed Holdings amounted to SEK 30,606 million on 30 September, a decrease of SEK 12,642 million corresponding to 29% since 30 June 2008.
  •    Korsnäs' revenue amounted to SEK 1,768 million (1,769) and operating profit was SEK 219 million (318).
  •    The Group's total revenue amounted to SEK 1,851 million (1,806) and operating profit was SEK 211 million (314).
  •    Result after financial items, including changes in fair value of financial assets, amounted to a loss of SEK 13,120 million (profit of 52).
  •    The loss per share was SEK 49.83 (loss of 0.04).
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    Events during the third quarter
     
  • A share buy-back programme was implemented on 8 September.  A maximum of 3,500,000 Class A- and Class B- shares may be repurchased for a maximum consideration of SEK 300 million between 8 September and 30 November 2008.
  •    On 30 September the number of shares bought back amounted to 1,967,800 Class B shares at an average price of SEK 88.20, totaling SEK 174 million.
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    Financial results for the first nine months of the year
     
  •    The market value of the Group's securities in Major Listed Holdings decreased by SEK 18,456*) million corresponding to 36% *).
  •    Korsnäs' revenue amounted to SEK 5,728 million (5,698) and operating profit was SEK 567 million (825).
  •    The Group's total revenue amounted to SEK 5,923 million (5,800) and operating profit was SEK 578 million (885).
  •    Result after financial items, including changes in fair value of financial assets, amounted to a loss of SEK 18,902 million (profit of 9,666).
  •    The loss per share was SEK 71.84 (profit of 36.09).
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    *)              Including dividends received.