Although demand for printing paper in Europe fell 3%, the supply-demand balance for newsprint improved
Results of Swedish pulp, paper and board producer Holmen for the first quarter of the year were up on Q1 last year due to better conditions in some of its markets. While Holmen Paper’s deliveries were down 15% as the result of the closure of two paper machines in autumn last year, results improved due to some price increases being implemented at the beginning of the year. The market for SBB and FBB cartonboard was stable in the first quarter, Holmen reports, driving Iggesund Paperboard’s deliveries 5,000 t higher than in the first quarter 2013. Prices and deliveries of its sawn timber division also increased. Total Q1 operating profits climbed from SEK98m in Q1 last year to SEK389m this year, profit after tax amounted to SEK276m (SEK42m).