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Holmen Interim Report January - June 2021 SEKM Net sales Operating profit Profit after tax Earnings per share , SEK Operating margin , % Cash flow before investments and change in working capital Debt / equity ratio , % ● SEKM 1000 HOLMEN 800 600 400 200 0 Q2-19 Q3-19 04-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Operating profit * Operating margin * * Excl . items affecting comparability Interim report January - June 2021 % 25 20 15 2-21 10 5 129 898 698 4.3 5 0 1 019 11 SEK 5 Despite an extensive maintenance shutdown within paperboard , profit increased in the second quarter compared with the first quarter by SEK 49 million to SEK 898 million as a result of higher wood product prices . 4 18 Operating profit for January - June was SEK 1 747 million ( January - June 2020 : 1 170 ) . The increase in profit was due to higher prices for wood products and the growth of the wood products business through the ac quisition of Martinsons and the expansion of Braviken Sawmill . 3 Profit after tax for January - June amounted to SEK 1 373 million ( 902 ) , which corresponds to earnings per share of SEK 8.5 ( 5.6 ) . 2 Quarter 1-21 1 4 703 849 675 4.2 0 18 672 9 2-20 3 853 542 411 2.5 14 693 7 Jan - Jun 2021 9 832 1747 1373 8.5 18 1 691 11 2020 8 352 1170 902 5.6 14 1 307 7 Full year 2020 16 327 2 479 1979 12.2 2411 10 15 Q2-19 03-19 04-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Earnings per share * 1/19