Swedish forest group Holmen AB on Tuesday reported lower quarterly earnings as weak construction demand, falling product prices and high raw-material costs hit its wood products business, offsetting steadier results from paperboard and forest operations. Operating profit fell to SEK 737 million (€63.5 million) in the third quarter from SEK 1.08 billion (€93 million) a year earlier, while sales slipped to SEK 5.33 billion (€460 million) from SEK 5.63 billion (€485 million). Net profit rose to SEK 944 million (€81 million), supported by a one-off tax gain of about SEK 395 million (€34 ...
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