- Metsä Group's sales were EUR 5,473 million in 2019, down from EUR 5,709 million in 2018, and its operating result was EUR 495 million, down from EUR 849 million, due to lower pulp prices and higher raw material and production costs.
- The average dollar-denominated price of long-fibre pulp decreased 10% and short-fibre pulp decreased 15% compared to the previous quarter, weakening results.
- Metsä Group expects its comparable operating result in the first quarter of 2020 to weaken from the fourth quarter of 2019 due to strikes at Finnish mills.
Metsä Group Half-year financial report 2019 presentation materialMetsä Group
Metsa Group half year financial report January-June 2019 presentation material
CEO Ilkka Hämälä's Metsä Group Half-year financial report presentation 2019
1.8.2019
Metsä Group 2018 financial results presentationMetsä Group
- Metsä Group had record sales of EUR 5.7 billion in 2018, up 13% from 2017, and an operating result of EUR 849 million, up 50% from 2017, due to higher pulp and paperboard prices and delivery volumes.
- The demand and prices for pulp declined in China in late 2018, while paperboard deliveries declined seasonally in the fourth quarter.
- For 2019, Metsä Group expects demand to remain strong for pulp, sawn timber, and paperboard, but the first quarter result is expected to weaken from the strong fourth quarter of 2018 due to typical seasonal factors.
Metsä Group interim report January-September 2019 presentation materialMetsä Group
- Metsä Group's sales for Q3 2019 were EUR 4,183 million, down slightly from the previous year, while the operating result was EUR 418 million, lower than the EUR 641 million in the same period last year.
- Lower pulp prices, higher raw material and production costs, and exchange rate fluctuations impacted the operating result.
- Several maintenance shutdowns at pulp mills also reduced production in the quarter.
Metsä Group interim report january-march-2019 results presentationMetsä Group
Metsä Group reported financial results for the first quarter of 2019, with sales of EUR 1,438 million, down slightly from the previous year. The operating result was EUR 180 million, lower than the EUR 208 million in Q1 2018 mainly due to higher raw material and production costs. Several strategic investments were ongoing across various business units during the quarter. Overall, the company achieved a good result despite weaker market conditions and cost pressures in some areas.
Metsä Group Q3 2018 results presentationMetsä Group
Metsä Group reported higher sales and operating results for the first three quarters of 2018 compared to the same period in 2017. Sales increased due to greater delivery volumes and higher pulp and paperboard prices. The operating result improved due to increased pulp prices and positive development of the paperboard business, though exchange rate fluctuations negatively impacted the result. Demand for wood products, pulp, paperboard, and tissue and cooking papers was expected to remain stable for the rest of the year.
Metsä Group's interim report Q3/2020 presentationMetsä Group
Metsä Group reported lower sales and operating results for the first nine months of 2020 compared to the same period in 2019. Sales decreased due to lower pulp prices while operating results also weakened due to lower pulp prices and strikes in Finland. However, the third quarter results were better than expected. Key events in the third quarter included progress on the Kemi bioproduct mill and Rauma sawmill projects. Metsä Group expects demand and prices to remain stable for most of its products for the rest of the year, though comparable operating results are forecast to weaken in the fourth quarter from the third quarter.
Metsa Group half year financial results 2018, presentationMetsä Group
- Metsä Group's sales increased to EUR 2,904 million in the first half of 2018, up from EUR 2,451 million in the same period of 2017, while its operating result improved to EUR 418 million from EUR 247 million.
- Higher delivery volumes and increased pulp and paperboard prices contributed to sales growth, while improved pulp prices and positive paperboard business development boosted results.
- Exchange rate fluctuations negatively impacted the operating result by over EUR 80 million compared to the first half of 2017.
Metsä Group Interim Report Presentation 1Q/ 2020Metsä Group
- Metsä Group's sales were EUR 1,253 million in Q1/2020, down from EUR 1,438 million in Q1/2019, with the operating result at EUR 62 million compared to EUR 180 million. Lower pulp prices and strikes in Finland weakened the result.
- Events in Q1/2020 included investment decisions for a new sawmill in Rauma and progress on the environmental assessment for the Kemi bioproduct mill.
- The coronavirus pandemic increased demand for tissue papers and paperboard but reduced demand for wood products in some markets. Pulp market development was modestly positive.
Metsä Group Half-year financial report 2019 presentation materialMetsä Group
Metsa Group half year financial report January-June 2019 presentation material
CEO Ilkka Hämälä's Metsä Group Half-year financial report presentation 2019
1.8.2019
Metsä Group 2018 financial results presentationMetsä Group
- Metsä Group had record sales of EUR 5.7 billion in 2018, up 13% from 2017, and an operating result of EUR 849 million, up 50% from 2017, due to higher pulp and paperboard prices and delivery volumes.
- The demand and prices for pulp declined in China in late 2018, while paperboard deliveries declined seasonally in the fourth quarter.
- For 2019, Metsä Group expects demand to remain strong for pulp, sawn timber, and paperboard, but the first quarter result is expected to weaken from the strong fourth quarter of 2018 due to typical seasonal factors.
Metsä Group interim report January-September 2019 presentation materialMetsä Group
- Metsä Group's sales for Q3 2019 were EUR 4,183 million, down slightly from the previous year, while the operating result was EUR 418 million, lower than the EUR 641 million in the same period last year.
- Lower pulp prices, higher raw material and production costs, and exchange rate fluctuations impacted the operating result.
- Several maintenance shutdowns at pulp mills also reduced production in the quarter.
Metsä Group interim report january-march-2019 results presentationMetsä Group
Metsä Group reported financial results for the first quarter of 2019, with sales of EUR 1,438 million, down slightly from the previous year. The operating result was EUR 180 million, lower than the EUR 208 million in Q1 2018 mainly due to higher raw material and production costs. Several strategic investments were ongoing across various business units during the quarter. Overall, the company achieved a good result despite weaker market conditions and cost pressures in some areas.
Metsä Group Q3 2018 results presentationMetsä Group
Metsä Group reported higher sales and operating results for the first three quarters of 2018 compared to the same period in 2017. Sales increased due to greater delivery volumes and higher pulp and paperboard prices. The operating result improved due to increased pulp prices and positive development of the paperboard business, though exchange rate fluctuations negatively impacted the result. Demand for wood products, pulp, paperboard, and tissue and cooking papers was expected to remain stable for the rest of the year.
Metsä Group's interim report Q3/2020 presentationMetsä Group
Metsä Group reported lower sales and operating results for the first nine months of 2020 compared to the same period in 2019. Sales decreased due to lower pulp prices while operating results also weakened due to lower pulp prices and strikes in Finland. However, the third quarter results were better than expected. Key events in the third quarter included progress on the Kemi bioproduct mill and Rauma sawmill projects. Metsä Group expects demand and prices to remain stable for most of its products for the rest of the year, though comparable operating results are forecast to weaken in the fourth quarter from the third quarter.
Metsa Group half year financial results 2018, presentationMetsä Group
- Metsä Group's sales increased to EUR 2,904 million in the first half of 2018, up from EUR 2,451 million in the same period of 2017, while its operating result improved to EUR 418 million from EUR 247 million.
- Higher delivery volumes and increased pulp and paperboard prices contributed to sales growth, while improved pulp prices and positive paperboard business development boosted results.
- Exchange rate fluctuations negatively impacted the operating result by over EUR 80 million compared to the first half of 2017.
Metsä Group Interim Report Presentation 1Q/ 2020Metsä Group
- Metsä Group's sales were EUR 1,253 million in Q1/2020, down from EUR 1,438 million in Q1/2019, with the operating result at EUR 62 million compared to EUR 180 million. Lower pulp prices and strikes in Finland weakened the result.
- Events in Q1/2020 included investment decisions for a new sawmill in Rauma and progress on the environmental assessment for the Kemi bioproduct mill.
- The coronavirus pandemic increased demand for tissue papers and paperboard but reduced demand for wood products in some markets. Pulp market development was modestly positive.
Metsa Group's interim report presentation January-March 2018Metsä Group
Metsä Group's sales and operating result increased in Q1 2018 compared to Q1 2017, mainly due to higher delivery volumes and prices for pulp and paperboard. The profitability improvements were dampened by negative exchange rate changes and cost inflation. Looking forward, demand is expected to remain strong for wood products and pulp, while prices of paperboard are projected to remain stable or increase slightly. Metsä Group expects its operating result to remain similar to Q1 levels in Q2 2018.
Metsä Group's CEO Hämälä's presentation Q3-2021Metsä Group
- Metsä Group reported significantly increased sales and operating results for Q1-Q3 2021 compared to the same period in 2020, driven mainly by higher pulp prices.
- Operating result was EUR 694 million compared to EUR 274 million in Q1-Q3 2020, with sales of EUR 4.457 billion.
- Demand remained strong for paperboards and engineered wood products, while pulp demand was strong in Europe but declined seasonally in China.
- Metsä Group announced new investments totaling EUR 410 million to increase capacities for folding boxboard, LVL, and tissue paper.
The document summarizes Metsä Group's financial results for 2020. Key points include:
- Sales decreased to EUR 5.055 billion due to lower pulp prices, while operating result fell to EUR 368 million due to lower pulp prices and strikes in early 2020.
- Profitability improved towards the end of the year as pulp and sawn timber prices increased.
- The company advanced major investment projects and was granted an environmental permit for its new Kemi bioproduct mill.
Metsä Group's half-year financial report 2020 presentationMetsä Group
- Metsä Group has 3 key priorities during the pandemic: ensuring safety of personnel, participating in fighting the pandemic as part of society, and ensuring business continuity.
- Strict safety measures have prevented infection chains and production has run normally with some exceptions.
- Sales and operating results declined in the first half of 2020 due to lower pulp prices, strikes in Finland, and decreased demand caused by the pandemic. However, the result improved towards the end of the period.
- Metsä Group's sales increased to EUR 6,017 million in 2021 compared to EUR 5,055 million in 2020, and its operating result grew to EUR 914 million from EUR 368 million.
- Higher sales prices for pulp improved results in 2021, while exchange rate fluctuations negatively impacted profits.
- Demand remained strong for paperboards and wood products, though higher raw material and energy costs decreased margins in some business areas.
- Metsä Group advanced major investment projects and expects continued cost inflation in 2022.
Metsa Group, presentation January-March 2017 Q1 resultsMetsä Group
Metsä Group reported higher sales and operating results for the first quarter of 2017 compared to the same period in 2016. Sales increased to EUR 1,216 million from EUR 1,156 million, while operating result improved to EUR 128 million from EUR 109 million. The improved results were mainly due to increased delivery volumes and a favorable development in the paperboard business. Events in the quarter included starting up a new folding boxboard machine in Sweden and commencing a renewal project at a recycled pulp plant in Finland.
Metsä Group Half Year Financial Report 2017Metsä Group
Metsä Group reported financial results for the first half of 2017. Key highlights include:
- Sales increased to EUR 2,451 million, up from EUR 2,339 million in the same period last year.
- Operating result improved to EUR 247 million from EUR 229 million, mainly due to higher delivery volumes and increased pulp prices.
- Operating result as a percentage of sales was 10.1%, up from 9.8% the previous year.
- Several expansion projects were underway including a new birch plywood mill in Estonia and startup of a new bioproduct mill in mid-August 2017.
Metsa Group's interim report January-September 2017Metsä Group
Metsä Group reported increased sales and operating results for the first three quarters of 2017 compared to the same period in 2016. Sales grew to EUR 3,712 million from EUR 3,483 million, while operating result improved to EUR 381 million from EUR 332 million. Several new production lines started up during the period and capital expenditures remained high. Overall the company saw continued good financial performance driven by higher delivery volumes and increased pulp prices.
The spot price for wood pellets delivered to the Amsterdam-Rotterdam-Antwerp region fell again due to lack of demand. Sellers were lowering offers to offload stockpiles, driving prices downward. No spot trades were reported. Offers from North America were scarce due to weak demand. In Southeast Asia, the price of wood pellets from Vietnam dipped slightly due to a lack of tenders from key South Korean buyers and competition from alternative suppliers like Russia.
This document summarizes updates from experts in various materials streams on progress made in the last 18 months on recycling targets and challenges, as well as the potential impacts of Brexit. The experts provide the following key points:
1) The wood waste recycling industry has remained robust, but biomass plants coming online will increase domestic demand and potentially impact exports. Regulations around fire prevention plans have created challenges.
2) The UK met its paper recycling targets but a new study revised estimates of paper packaging amounts, impacting reported recycling rates. Proposals in the EU Circular Economy Package may require supply chain responsibility changes.
3) Lamps recycling targets were increased significantly for 2016 to match expected waste amounts, improving access to free
Metsä Group reported strong financial results for 2015, with sales increasing slightly to EUR 5.016 billion and operating result excluding non-recurring items growing to EUR 537 million, up from EUR 418 million in 2014. The pulp industry and paperboard industry contributed most significantly to the improved results. Capital expenditures increased substantially to EUR 492 million, primarily due to ongoing investment projects including a new bioproduct mill and paperboard machine expansion.
The presetation gives an overview of the big drivers in forest industry worldwide during the last 15 years, as well as the current financial downturn effect and prospects some keywords for the future
This generic dataset describes laminated veneer lumber (LVL) manufactured in the UK. LVL is an engineered wood product made from multiple thin layers of wood bonded together with synthetic adhesive. The layers are obtained by peeling softwood into thin veneers, which are dried, glued with the grain oriented lengthwise, and pressed to produce LVL ranging from 30-90mm thick and up to 12m long. The modelled product is a 45mm thick LVL made from kiln-dried softwood with 12% moisture content, bonded with a phenol formaldehyde mix. The dataset was developed according to European standards to provide upstream life cycle inventory data for use in environmental product declarations and building assessments
Outlook for the World Paper Grade Pulp MarketEuropeanPaper
By Kurt Schaefer from RISI. This was presented during the Pulp and paper European market outlook session, organised as part of European Paper Week 2015. More at http://www.cepi.org/epw
By Alejandro Mata from RISI. This was presented during the Pulp and paper European market outlook session, organised as part of European Paper Week 2015. More at http://www.cepi.org/epw
CEO Hämälä's Metsä Group Q2-2021 presentationMetsä Group
Metsä Group reported strong financial results for the first half of 2021, with sales of EUR 2,942 million, an operating result of EUR 416 million, and return on capital employed of 15%. This was mainly due to higher pulp prices and record paperboard deliveries. Several investment projects are progressing as planned and will expand production capacity starting in 2022-2023. Market demand remained high for wood products and pulp but lower for tissue papers. Metsä expects continued strong results in the third quarter.
CEO Hämälä's Metsä Group Q3 2022 presentationMetsä Group
- Metsä Group reported increased sales and operating results for Q1-Q3 2022 compared to the same period in 2021, driven mainly by higher pulp prices.
- The operating result was a record high at EUR 966 million, up 18.4% from a year ago, due to strong demand and price increases offsetting higher costs.
- Several new production facilities started up during the period, while investments continued amid high cost inflation and economic uncertainties from the war in Ukraine.
CEO Hämälä's Metsä Group Q1-2021 presentationMetsä Group
Metsä Group reported financial results for the first quarter of 2021 that showed increases in sales, operating result, and return on capital employed compared to the same period in 2020. Sales were €1.4 billion, up 12% year-over-year, and the operating result was €174 million compared to €62 million in Q1 2020. Higher sales prices for pulp contributed significantly to the improved results. The company also announced several ongoing investment projects and capacity expansion plans across its business areas. For the near future, Metsä Group expects its comparable operating result to further improve from Q1 2021 levels.
- Metsä Group's sales and operating result increased in Q1 2022 particularly due to higher pulp prices. The demand for paperboard, sawn timber, LVL and plywood remained strong.
- The profitability of tissue paper suffered from high energy costs. Investment projects progressed on schedule despite high cost inflation.
- Metsä Group discontinued Russian operations and divested holdings in Finsilva and Hangö Stevedoring. Veolia will build a methanol plant using bioproduct mill side streams.
- Market demand is expected to remain strong for pulp, paperboard, sawn timber and LVL, but cost inflation and uncertainties from Ukraine war and China pandemic create risks. Metsä Group
CEO Hämälä's Metsä Group H1 2022 financial report presentationMetsä Group
- Metsä Group's sales for the first half of 2022 were EUR 3,416 million, up from EUR 2,942 million in the first half of 2021, and its operating result was a record EUR 574 million, up from EUR 416 million.
- Higher sales prices for pulp improved results compared to the first half of 2021, while cost inflation from raw materials, energy and logistics negatively impacted some business areas.
- The demand for the company's main products remained strong, though lockdowns in China and uncertainty from the war in Ukraine created challenges.
Metsä Group financial statements presentation 2017Metsä Group
Metsä Group reported strong financial results for 2017 with sales of EUR 5.04 billion, a operating result of EUR 566 million, and return on capital employed of 12.3%. Sales and operating results increased mainly due to higher delivery volumes and sales prices for pulp and paperboard. The pulp market price increased 7-8% in the fourth quarter compared to the previous quarter. Metsä Group's wood supply operations delivered a total of 32 million cubic meters of wood. Capital expenditures totaled EUR 608 million, which included ongoing investments in bioproduct mills and wood product product lines.
Metsa Group's interim report presentation January-March 2018Metsä Group
Metsä Group's sales and operating result increased in Q1 2018 compared to Q1 2017, mainly due to higher delivery volumes and prices for pulp and paperboard. The profitability improvements were dampened by negative exchange rate changes and cost inflation. Looking forward, demand is expected to remain strong for wood products and pulp, while prices of paperboard are projected to remain stable or increase slightly. Metsä Group expects its operating result to remain similar to Q1 levels in Q2 2018.
Metsä Group's CEO Hämälä's presentation Q3-2021Metsä Group
- Metsä Group reported significantly increased sales and operating results for Q1-Q3 2021 compared to the same period in 2020, driven mainly by higher pulp prices.
- Operating result was EUR 694 million compared to EUR 274 million in Q1-Q3 2020, with sales of EUR 4.457 billion.
- Demand remained strong for paperboards and engineered wood products, while pulp demand was strong in Europe but declined seasonally in China.
- Metsä Group announced new investments totaling EUR 410 million to increase capacities for folding boxboard, LVL, and tissue paper.
The document summarizes Metsä Group's financial results for 2020. Key points include:
- Sales decreased to EUR 5.055 billion due to lower pulp prices, while operating result fell to EUR 368 million due to lower pulp prices and strikes in early 2020.
- Profitability improved towards the end of the year as pulp and sawn timber prices increased.
- The company advanced major investment projects and was granted an environmental permit for its new Kemi bioproduct mill.
Metsä Group's half-year financial report 2020 presentationMetsä Group
- Metsä Group has 3 key priorities during the pandemic: ensuring safety of personnel, participating in fighting the pandemic as part of society, and ensuring business continuity.
- Strict safety measures have prevented infection chains and production has run normally with some exceptions.
- Sales and operating results declined in the first half of 2020 due to lower pulp prices, strikes in Finland, and decreased demand caused by the pandemic. However, the result improved towards the end of the period.
- Metsä Group's sales increased to EUR 6,017 million in 2021 compared to EUR 5,055 million in 2020, and its operating result grew to EUR 914 million from EUR 368 million.
- Higher sales prices for pulp improved results in 2021, while exchange rate fluctuations negatively impacted profits.
- Demand remained strong for paperboards and wood products, though higher raw material and energy costs decreased margins in some business areas.
- Metsä Group advanced major investment projects and expects continued cost inflation in 2022.
Metsa Group, presentation January-March 2017 Q1 resultsMetsä Group
Metsä Group reported higher sales and operating results for the first quarter of 2017 compared to the same period in 2016. Sales increased to EUR 1,216 million from EUR 1,156 million, while operating result improved to EUR 128 million from EUR 109 million. The improved results were mainly due to increased delivery volumes and a favorable development in the paperboard business. Events in the quarter included starting up a new folding boxboard machine in Sweden and commencing a renewal project at a recycled pulp plant in Finland.
Metsä Group Half Year Financial Report 2017Metsä Group
Metsä Group reported financial results for the first half of 2017. Key highlights include:
- Sales increased to EUR 2,451 million, up from EUR 2,339 million in the same period last year.
- Operating result improved to EUR 247 million from EUR 229 million, mainly due to higher delivery volumes and increased pulp prices.
- Operating result as a percentage of sales was 10.1%, up from 9.8% the previous year.
- Several expansion projects were underway including a new birch plywood mill in Estonia and startup of a new bioproduct mill in mid-August 2017.
Metsa Group's interim report January-September 2017Metsä Group
Metsä Group reported increased sales and operating results for the first three quarters of 2017 compared to the same period in 2016. Sales grew to EUR 3,712 million from EUR 3,483 million, while operating result improved to EUR 381 million from EUR 332 million. Several new production lines started up during the period and capital expenditures remained high. Overall the company saw continued good financial performance driven by higher delivery volumes and increased pulp prices.
The spot price for wood pellets delivered to the Amsterdam-Rotterdam-Antwerp region fell again due to lack of demand. Sellers were lowering offers to offload stockpiles, driving prices downward. No spot trades were reported. Offers from North America were scarce due to weak demand. In Southeast Asia, the price of wood pellets from Vietnam dipped slightly due to a lack of tenders from key South Korean buyers and competition from alternative suppliers like Russia.
This document summarizes updates from experts in various materials streams on progress made in the last 18 months on recycling targets and challenges, as well as the potential impacts of Brexit. The experts provide the following key points:
1) The wood waste recycling industry has remained robust, but biomass plants coming online will increase domestic demand and potentially impact exports. Regulations around fire prevention plans have created challenges.
2) The UK met its paper recycling targets but a new study revised estimates of paper packaging amounts, impacting reported recycling rates. Proposals in the EU Circular Economy Package may require supply chain responsibility changes.
3) Lamps recycling targets were increased significantly for 2016 to match expected waste amounts, improving access to free
Metsä Group reported strong financial results for 2015, with sales increasing slightly to EUR 5.016 billion and operating result excluding non-recurring items growing to EUR 537 million, up from EUR 418 million in 2014. The pulp industry and paperboard industry contributed most significantly to the improved results. Capital expenditures increased substantially to EUR 492 million, primarily due to ongoing investment projects including a new bioproduct mill and paperboard machine expansion.
The presetation gives an overview of the big drivers in forest industry worldwide during the last 15 years, as well as the current financial downturn effect and prospects some keywords for the future
This generic dataset describes laminated veneer lumber (LVL) manufactured in the UK. LVL is an engineered wood product made from multiple thin layers of wood bonded together with synthetic adhesive. The layers are obtained by peeling softwood into thin veneers, which are dried, glued with the grain oriented lengthwise, and pressed to produce LVL ranging from 30-90mm thick and up to 12m long. The modelled product is a 45mm thick LVL made from kiln-dried softwood with 12% moisture content, bonded with a phenol formaldehyde mix. The dataset was developed according to European standards to provide upstream life cycle inventory data for use in environmental product declarations and building assessments
Outlook for the World Paper Grade Pulp MarketEuropeanPaper
By Kurt Schaefer from RISI. This was presented during the Pulp and paper European market outlook session, organised as part of European Paper Week 2015. More at http://www.cepi.org/epw
By Alejandro Mata from RISI. This was presented during the Pulp and paper European market outlook session, organised as part of European Paper Week 2015. More at http://www.cepi.org/epw
CEO Hämälä's Metsä Group Q2-2021 presentationMetsä Group
Metsä Group reported strong financial results for the first half of 2021, with sales of EUR 2,942 million, an operating result of EUR 416 million, and return on capital employed of 15%. This was mainly due to higher pulp prices and record paperboard deliveries. Several investment projects are progressing as planned and will expand production capacity starting in 2022-2023. Market demand remained high for wood products and pulp but lower for tissue papers. Metsä expects continued strong results in the third quarter.
CEO Hämälä's Metsä Group Q3 2022 presentationMetsä Group
- Metsä Group reported increased sales and operating results for Q1-Q3 2022 compared to the same period in 2021, driven mainly by higher pulp prices.
- The operating result was a record high at EUR 966 million, up 18.4% from a year ago, due to strong demand and price increases offsetting higher costs.
- Several new production facilities started up during the period, while investments continued amid high cost inflation and economic uncertainties from the war in Ukraine.
CEO Hämälä's Metsä Group Q1-2021 presentationMetsä Group
Metsä Group reported financial results for the first quarter of 2021 that showed increases in sales, operating result, and return on capital employed compared to the same period in 2020. Sales were €1.4 billion, up 12% year-over-year, and the operating result was €174 million compared to €62 million in Q1 2020. Higher sales prices for pulp contributed significantly to the improved results. The company also announced several ongoing investment projects and capacity expansion plans across its business areas. For the near future, Metsä Group expects its comparable operating result to further improve from Q1 2021 levels.
- Metsä Group's sales and operating result increased in Q1 2022 particularly due to higher pulp prices. The demand for paperboard, sawn timber, LVL and plywood remained strong.
- The profitability of tissue paper suffered from high energy costs. Investment projects progressed on schedule despite high cost inflation.
- Metsä Group discontinued Russian operations and divested holdings in Finsilva and Hangö Stevedoring. Veolia will build a methanol plant using bioproduct mill side streams.
- Market demand is expected to remain strong for pulp, paperboard, sawn timber and LVL, but cost inflation and uncertainties from Ukraine war and China pandemic create risks. Metsä Group
CEO Hämälä's Metsä Group H1 2022 financial report presentationMetsä Group
- Metsä Group's sales for the first half of 2022 were EUR 3,416 million, up from EUR 2,942 million in the first half of 2021, and its operating result was a record EUR 574 million, up from EUR 416 million.
- Higher sales prices for pulp improved results compared to the first half of 2021, while cost inflation from raw materials, energy and logistics negatively impacted some business areas.
- The demand for the company's main products remained strong, though lockdowns in China and uncertainty from the war in Ukraine created challenges.
Metsä Group financial statements presentation 2017Metsä Group
Metsä Group reported strong financial results for 2017 with sales of EUR 5.04 billion, a operating result of EUR 566 million, and return on capital employed of 12.3%. Sales and operating results increased mainly due to higher delivery volumes and sales prices for pulp and paperboard. The pulp market price increased 7-8% in the fourth quarter compared to the previous quarter. Metsä Group's wood supply operations delivered a total of 32 million cubic meters of wood. Capital expenditures totaled EUR 608 million, which included ongoing investments in bioproduct mills and wood product product lines.
Metsä Group presentation of Metsa Group 2016 resultsMetsä Group
Metsä Group reported financial results for 2016 with sales of EUR 4.7 billion, down from EUR 5 billion in 2015. The comparable operating result was EUR 439 million, down from EUR 537 million the previous year. Profitability declined due to lower market prices and delivery volumes for pulp and start-up challenges at a new folding boxboard machine. Construction of a new bioproduct mill progressed on schedule with 84% completion by year's end.
Metsa Group half year financial report 2016 presentationMetsä Group
Metsä Group reported financial results for the first half of 2016 that were lower than the previous year. Sales were EUR 2,339 million, down from EUR 2,585 million in the first half of 2015. The operating result was EUR 229 million excluding non-recurring items, compared to EUR 266 million in the previous year. Lower market prices for pulp negatively impacted results. Several divisions saw growth in sales volumes but this did not offset the impact of lower prices. Capital expenditures increased to EUR 338 million as major investment projects progressed.
Metsa Group Interim report Q3-2016 - President and CEO Kari Jordan's presenta...Metsä Group
- Metsä Group's sales for Q1-Q3/2016 were EUR 3,483 million, down 9% from the previous year, and comparable operating result was EUR 332 million, down 20% from the previous year.
- Key factors affecting results were lower market prices and sales volumes for pulp as well as start-up costs for a new folding boxboard production line.
- Wood supply and forest services operations delivered a comparable operating result of EUR 22 million, down slightly from the previous year. Kerto LVL sales volumes continued to grow strongly.
- Construction of a new bioproduct mill in Äänekoski progressed on schedule, with nearly 75% completed
Stora Enso reported financial results for the first quarter of 2017. Sales increased 2.1% to 2,497 MEUR, driven by ramp-up of new mills and higher volumes. Operational EBIT was 215 MEUR, impacted by lower paper and pulp prices and costs associated with the Beihai mill start-up. Cash flow from operations was 178 MEUR. The company expects sales and operational EBIT for Q2 2017 to be similar to Q1 levels. Transformation projects are progressing and expected to drive further sales growth going forward.
The annual general meeting document for Ahlstrom-Munksjö Oyj provided an overview of the company's performance in 2017 following its merger. Key points included:
1) The merger between Ahlstrom and Munksjö was successfully implemented, creating a global leader in fiber-based solutions with over 6,000 employees and annual sales of €2.2 billion.
2) The company achieved strong financial results in 2017, with record EBITDA margin of 13% and annual synergies estimated to be above €40 million.
3) A new sustainability framework was established, focusing on priorities around people, planet and prosperity.
Stora Enso reported financial results for Q2 2017 with the following highlights:
- Sales were 2,528 MEUR, marginally higher than the previous year despite divestments. Excluding paper, sales grew 7.1% due to strategic investments and higher prices.
- Operational EBIT was 219 MEUR, similar to last year. The Beihai mill ramp-up negatively impacted results but is expected to reach break-even in Q4 2017.
- Net debt to operational EBITDA ratio improved to 2.0 from 2.2 last year due to strong cash flow generation despite dividend payments.
- Transformation projects contributed positively with the Beihai and Varkaus mills ahead of
- Metsä Fibre is a world-leading producer of softwood pulp and its main brand is Botnia. It has four pulp mills in Finland and employs 850 people.
- The document discusses Metsä Fibre's key figures for 2014, the CEO's review of the pulp market and Metsä Fibre's performance in 2014, and the company's strategy.
- Metsä Fibre's strategy focuses on creating value for owners and customers, maintaining internal efficiency and responsible profitability, and continuously improving competence. The company plans to build a new bioproduct mill in Äänekoski, Finland to increase efficiency and environmental performance.
Stora Enso reported financial results for the first quarter of 2016. Sales were slightly down at 2.445 billion euros due to structurally declining paper business, but increased by 2.4% excluding paper and divested mills. Operational EBIT increased 12.7% to 248 million euros and the margin reached a record high of 10.1%. Cash flow from operations improved to 289 million euros. The company continued strengthening its balance sheet through high investments while reducing net debt. Stora Enso also provided guidance for the second quarter of 2016, estimating sales to be slightly higher than Q1 levels and operational EBIT to be in line with or somewhat lower due to scheduled annual maintenance shutdowns.
Stora Enso reported financial results for Q3 2016. Key highlights include:
- Sales decreased 4.3% to 2.39 billion euros due to structurally declining paper business and divested mill, but increased 1.8% excluding these factors.
- Operational EBIT was 219 million euros, down 11% due primarily to ramp-up costs for the new Beihai consumer board mill in China.
- Cash flow from operations was 390 million euros.
- Net debt to operational EBITDA improved to 2.1 from 2.5 the previous year, reflecting ongoing balance sheet strengthening.
- Several growth investments and divestments of non-core businesses were noted as part of the company
Stora Enso reported financial results for Q4 and full year 2015. Key highlights included:
- Operational EBIT improved 15.8% in Q4 and 13% for the full year due to higher pulp volumes from Montes del Plata and favorable foreign exchange rates.
- Cash flow remained strong at EUR 412 million before investments and EUR 75 million after investments despite peak capital expenditures in 2015.
- Net debt to operational EBITDA was reduced to 2.4 from 2.6 the prior year.
- Annual EPS increased substantially to EUR 1.02 from EUR 0.13 in 2014, supported by a forest valuation gain.
- The company proposed increasing
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3. • Sales EUR 5,473 million (2018: EUR 5,709 million)
• Operating result* EUR 495 million (EUR 849 million)
• Operating result* 9.0% of sales (14.9%)
• Return on capital employed* 9.6% (16.8%)
• Operating result weakened due to lower pulp prices and higher
raw material and production costs
• Exchange rate fluctuations had a positive effect on the
operating result
12.2.20203
Weakened market situation
decreased Metsä Group’s result
Metsä Group – Result 2019
*vertailukelpoinen
4. • The average dollar-denominated price of long-fibre pulp
decreased by 10% and that of short-fibre pulp by 15%
compared to the previous quarter
• Paperboard deliveries declined from the previous quarter due
to seasonality. The average prices of paperboard remained
stable
• Metsä Board began investments in the first phase of the
modernisation of the Husum pulp mill
• Metsä Tissue made an agreement on the sale of its napkin
business
12.2.20204
Events during the fourth quarter
Metsä Group – Result 2019
5. 12.2.20205
Sales
Metsä Group – Result 2019
EUR million
5,016
4,658
5,040
5,709 5,473
0
1000
2000
3000
4000
5000
6000
2015 2016 2017 2018 2019
9. Change in comparable operating result
9
Metsä Group – Result 2019
EUR million
Comparable operating result 2018 849
Sales prices -364
Sales volumes 54
Exchange rates 104
Wood raw material -75
Raw materials, energy and other variable costs -29
Employee costs -1
Maintenance and other fixed costs -7
Change in inventory -16
Depreciation and other -19
Comparable operating result 2019 495
12.2.2020
10. Items affecting comparability
12.2.202010
Metsä Group – Result 2019
EUR million 2019
Operating result (IFRS) 374.3
Items affecting comparability:
Metsä Board / Disposal of the shares in Liaison Technologies Inc. -3.3
Metsä Board / Sale of Niemenranta lots in Tampere -5.6
Metsä Board / Impairment related to the modernisation of Metsä Board’s Husum pulp mill 19.1
Metsä Tissue / Goodwill related impairment including Group’s eliminations 77.3
Metsä Tissue / Cost provisions related to Metsä Tissue’s efficiency programme 7.6
Metsä Tissue / Items related to the sales of napkin business including Group’s eliminations 19.8
Metsä Tissue / Items related to closing of Krapkowice paper machine in Poland 4.2
Metsä Tissue / Impairment related to the development of the Metsä Tissue’s Raubach mill in Germany 1.4
Items affecting comparability, total 120.6
COMPARABLE OPERATING RESULT 494.9
16. Wood delivery volumes decreased
• Metsä Forest delivered approximately
34.7 million m3 of wood (36.4)
• Log prices decline throughout the year, and the
prices of pulpwood started to decline in Q3
• The supply of wood was weaker than in 2018 in
Finland, but strong in the Baltic Sea region.
Oversupply in the Baltic Sea log market during H2
• Harvesting conditions weakened in Q4
• New pine and spruce mixed cultivation service
was launched for forest owners
• A new service was launched with Dasos to fill
forest owners’ FSC® forest conservation
requirements in January 2020
12.2.202016
Sales and comparable operating result
EUR million
Metsä Forest – Wood Supply and Forest Services
433
397
376
429
490 496
471
526 526
508
474 465
8.5
4.4
5.9
5.4
8.7
5.8
8.9 8.9
11.3
5.6
5.0
5.6
0
3
6
9
12
15
18
0
100
200
300
400
500
600
Sales Operating result
17. Engineered wood products markets slowed down
• The profitability was weakened by poor market
situation and labour disputes
• Costs arising from the ramp-up of strategic
investments, production challenges and raw-
materials burdened profitability
• Profitability of the UK business improved
• Delivery volumes of Kerto® LVL grew, and the
volumes of plywood products declined
• Price of birch plywood and Kerto LVL was at nearly
the same level as in 2018, whereas the prices of
spruce plywood rose
• The ramp-up of the new Kerto LVL line at
Punkaharju proceeded according to plan
12.2.202017
Sales and comparable operating result
EUR million
Metsä Wood – Wood Products Industry
120 122
110
108 109
119
106 108 111
119
111
93
10.7
8.4
7.6
6.9
6.2
5.5
2.8
2.2
1.8
3.3 3.1
-1.1
-3
0
3
6
9
12
0
30
60
90
120
150
Sales Operating result
18. Lower pulp prices led to clearly lower result
• Operating result and sales were weakened by
lower sales prices of pulp and sawn timber, and
higher prices of raw materials
• Higher sales volumes of pulp and sawn timber
and exchange rate fluctuations had positive
effects on the result
• Pulp producers’ stock levels were high during
2019
• The prefeasibility studies on the EUR 1.7 billion
investments on the modernisation of the Kemi
pulp mill and the new Rauma pine sawmill
proceeded according to the plan
12.2.202018
Sales and comparable operating result
EUR million
Metsä Fibre – Pulp and Sawn Timber Industry
422 427
475
552
601
629 609 630 623
556 567
490
54.5
70.8 68.4
125.9
144.9
164.9
187.0
172.0
122.4
83.1
33.0
9.9
0
40
80
120
160
200
240
280
0
100
200
300
400
500
600
700
Sales Operating result
19. 12.2.202019
Price of pulp (PIX) in Europe and China
Metsä Fibre – Pulp and Sawn Timber Industry
USD EUR
Source: Fast Markets Foex
400
600
800
1000
1200
1400
400
600
800
1000
1200
1400
´11 ´12 ´13 ´14 ´15 ´16 ´17 ´18 ´19
Hardwood/EUR Softwood/EUR Hardwood/USD
Softwood/USD Softwood/Kiina/USD Hardwood/Kiina/USD
20. Paperboard industry’s performance at good level
as expected
• The higher sales prices of paperboards had a
positive effect on the operating result
• Exchange rate fluctuations had a positive result
effect of EUR 48 million
• Profitability was weakened by lower market pulp
prices and higher production costs
• Paperboard deliveries declined slightly from 2018
• EUR 21 million investment made on the 1. phase of
modernisation of the Husum pulp mill
• Metsä Board invests approximately EUR 20 million
in modernising the finishing area of Kyro mill’s
paperboard machine, completed in 2021
12.2.202020
Sales and comparable operating result
EUR million
Metsä Board – Paperboard Industry
445
474 479
451
492
519
475 458
487 477 489 478
45.2 43.5
50.4
54.4
69.0
59.2
64.0
60.0 61.8
41.0
42.5
39.1
0
20
40
60
80
100
120
0
100
200
300
400
500
600
Sales Operating result
21. 12.2.202021
600
700
800
900
1000
1100
1200
2011 2012 2013 2014 2015 2016 2017 2018 2019
Folding boxboard White-top kraftliner Sources: Fastmarkets RISI & Fastmarkets FOEX
Prices of folding boxboard and white-top kraftliner in
Europe 2011–Q4/2019
EUR/tonne
Metsä Board – Paperboard Industry
22. Result of the tissue and greaseproof papers
improved
• Sales increased, mainly due to higher sales prices
• Improved result was attributable to the efficiency
measures, an increase in sales prices and lower
raw material costs
• Metsä Tissue made an agreement on the sale of its
napkin business including the Stotzheim mill in
Germany
• An impairment loss of EUR 102 million was booked
mainly with regard to goodwill
• Metsä Tissue is planning to increase tissue paper
capacity in Sweden, and started a related
environmental permit process
12.2.202022
Sales and comparable operating result
EUR million
Metsä Tissue – Tissue and Greaseproof Papers
252 251 250
261 259 256 254
270 267 266 263 264
17.6
16.3 16.8
23.3
12.3 11.5
6.4 6.1
10.5
13.5
22.8
26.6
0
8
16
24
32
40
48
0
50
100
150
200
250
300
Sales Operating result
23. • The insect damages in the Central Europe will continue to have
an impact on the wood trade in the Baltic sea area
• Demand for Kerto LVL and birch plywood is expected to continue
weak, and for spruce plywood products, slightly better
• Pulp market is expected to balance as the demand for market
pulp continues to increase, especially in Asia
• Paperboard deliveries are in Q1 2020 expected to be roughly at
the same level as in Q4 2019 and market prices to remain stable
• Demand for tissue and greaseproof papers is expected to
remain stable
12.2.202023
Summary
Market outlook
24. • Comparable operating results is in
the first quarter of 2020 expected
to weaken from the fourth quarter
of 2019 due to the strikes at
Finnish mills
12.2.202024
Result guidance
Summary
25. • Metsäliitto Cooperative’s Board of Directors has decided to
propose that an interest of 6.5% for 2019 be paid on the
statutory capital invested by members (7.5% for 2018), 6.0%
(7.0%) on additional members’ capital A and 2.0% (2.5%) on
additional members’ capital B
• Metsä Board’s Board of Director proposes that a dividend of
EUR 0.10 per share and a capital distribution of EUR 0.14 per
share be paid for the 2019 financial period. The proposed
dividend and capital distribution, totalling EUR 0.24 per share,
corresponds to 59% of the result per share for 2019
Prososal for interests and dividents
25 12.2.2020