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.
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 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 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 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 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 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.
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 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 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 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 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'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'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 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'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.
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.
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 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
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 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.
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 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
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.
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.
- 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
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.
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.
Technopolis Plc reported strong financial results for full year 2017, with net sales up 4.4% and EBITDA up 4.3%. Occupancy rates increased across all business units, with the group average reaching 96.1%. The company will propose a dividend of EUR 0.17 per share. For 2018, Technopolis estimates net sales will remain stable while EBITDA may be slightly lower, accounting for a property divestment in 2017. The company will continue its strategy of organic expansion and potential acquisitions to create shareholder value.
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.
HeidelbergCement: Interim Financial Report January to March 2017HeidelbergCement
The document provides an overview and key figures for HeidelbergCement's 2017 first quarter results. Some of the key points included:
- Cement and aggregates volumes were above the prior year levels based on proforma figures, though operating EBITDA was slightly down 2% due to cost inflation and weather impacts.
- The integration of Italcementi is progressing on track, with improvements clearly visible in results. Synergies are ahead of targets.
- Results were solid across most regions despite strong prior year comparisons and cost inflation, though some emerging markets faced pressure.
- The outlook for energy costs improved due to declining commodity prices, and a solid demand outlook is expected in key
Metso is a leading industrial company providing technology and services for minerals processing and flow control industries. It has a strong market position with #1 rankings in several areas. While markets have been challenging, Metso has maintained a healthy financial position through cash generation and a net debt free balance sheet. Metso's strategic focus is on profitable growth through actions like increasing sales to its existing customer base, expanding its product portfolio, and pursuing operational excellence. Its financial targets include sales growth exceeding markets, adjusted EBITA over 15%, and return on capital employed over 30%.
- 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'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 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'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.
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.
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 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
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 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.
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 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
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.
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.
- 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
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.
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.
Technopolis Plc reported strong financial results for full year 2017, with net sales up 4.4% and EBITDA up 4.3%. Occupancy rates increased across all business units, with the group average reaching 96.1%. The company will propose a dividend of EUR 0.17 per share. For 2018, Technopolis estimates net sales will remain stable while EBITDA may be slightly lower, accounting for a property divestment in 2017. The company will continue its strategy of organic expansion and potential acquisitions to create shareholder value.
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.
HeidelbergCement: Interim Financial Report January to March 2017HeidelbergCement
The document provides an overview and key figures for HeidelbergCement's 2017 first quarter results. Some of the key points included:
- Cement and aggregates volumes were above the prior year levels based on proforma figures, though operating EBITDA was slightly down 2% due to cost inflation and weather impacts.
- The integration of Italcementi is progressing on track, with improvements clearly visible in results. Synergies are ahead of targets.
- Results were solid across most regions despite strong prior year comparisons and cost inflation, though some emerging markets faced pressure.
- The outlook for energy costs improved due to declining commodity prices, and a solid demand outlook is expected in key
Metso is a leading industrial company providing technology and services for minerals processing and flow control industries. It has a strong market position with #1 rankings in several areas. While markets have been challenging, Metso has maintained a healthy financial position through cash generation and a net debt free balance sheet. Metso's strategic focus is on profitable growth through actions like increasing sales to its existing customer base, expanding its product portfolio, and pursuing operational excellence. Its financial targets include sales growth exceeding markets, adjusted EBITA over 15%, and return on capital employed over 30%.
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.
Technopolis Plc reported strong financial results for the first half of 2017, with increases in key metrics like net sales, EBITDA, and financial occupancy rate compared to the same period last year. Services are becoming an increasingly important contributor to revenue and profits. The company is progressing on implementing its revised strategy, which includes expanding its coworking network and development projects, with the goal of spending €200-250 million on organic growth by 2020. Technopolis reiterated its full-year guidance and expects continued improvement over 2016 based on its current property portfolio.
HeidelbergCement reports results for the third quarter of 2017 HeidelbergCement
This document provides an overview and key figures from HeidelbergCement's 2017 third quarter results presentation. Some key points:
- Organic growth turned positive in Q3 2017, with like-for-like EBITDA increasing 7% and the Group margin reaching 23%.
- Synergy targets from the Italcementi acquisition were significantly over-achieved.
- EPS increased 38% to €2.42, driven by improved net financial results and stable costs.
- Group share of profit increased 42% to €481 million in Q3 2017.
- Free cash flow generation of €1.2 billion over the last 12 months brought net debt down to €9.6
- The company reported strong financial results in Q1 2017, with net sales up 7.8% and EBITDA up 7.7% compared to Q1 2016. Earnings per share were EUR 0.10.
- Occupancy rates remained high at 93.5% and service income continued growing steadily, accounting for 13.5% of total sales.
- Construction of new office projects in Vilnius, Helsinki and Tallinn were progressing on schedule.
- The company's financial position remained solid, with the equity ratio at 42.8% and loan-to-value ratio of 53.4%.
Varma’s investments yielded a return of 4.7 (–0.3) per cent, i.e. EUR 2.0 billion, in January–June. The market value of the investment portfolio reached a new record of EUR 45.0 (41.2) billion.
CMD 2017 Minerals Capital presentation Victor TapiaMetso Group
Metso is a technology leader in the minerals processing industry, serving the mining, aggregates, and recycling segments globally. It aims to achieve sustainable and profitable growth through initiatives focused on increasing its market share, continuous product innovation, and capitalizing on the large replacement and upgrade opportunities from its existing installed base of equipment. Metso has streamlined its operations through restructuring to maintain its margins despite lower volumes and is well-positioned for growth as the mining and construction aggregates markets recover from their cyclical downturns.
Similar to Metsa Group, presentation January-March 2017 Q1 results (20)
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2. • Sales EUR 1,216 million (Q1/2016: EUR 1,156 million)
• Operating result* EUR 128 million (EUR 109 million)
• Operating result of sales* 10.5% (9.5%)
• Return on capital employed* 12.5% (10.6%)
• Sales grew mainly due to increased delivery volumes
• Operating result improved mainly by favourable development
of the paperboard business
4.5.2017 Metsä Group2
Business developed as expected
Metsä Group – Q1
*comparable
3. • The market prices of long-fibre and short-fibre pulp increased
• The capacity utilisation rate of the folding boxboard machine
started up in 2016 at Husum, Sweden, increased
• Metsä Tissue commenced the renewal of the recycled pulp
plant at the Mänttä mill in Finland
• Metsäliitto Cooperative acquired the 9% share in Metsä Tissue
Corporation from Jozef Antošík
• Metsä Wood sold its project business located in Pälkäne,
Finland, to Lapwall Oy
4.5.2017 Metsä Group3
Events in the first quarter
Metsä Group – Q1
7. Change in comparable operating result
4.5.2017 Metsä Group7
Metsä Group – Q1
EUR million
Comparable operating result 1–3/2016 109.5
Sales prices -22.6
Sales volumes 30.5
Exchange rates 1.6
Raw materials and energy -2.1
Employee costs 10.6
Maintenance and other -5.9
Others total 6.3 18.4
Comparable operating result 1–3/2017 127.9
8. Items affecting comparability Q1/2017
4.5.2017 Metsä Group8
Metsä Group – Q1
EUR million Q1/2017
Operating result (IFRS) 131.2
Items affecting comparability:
Metsä Wood / sale of the project business 3.3
Items total +3.3
Comparable operating result 127.9
13. Income statement
4.5.2017 Metsä Group13
Metsä Group – Q1
EUR million Q1/2017 Q1/2016 Change
Sales 1,216.1 1,155.6 60.6
Other operating income 14.0 8.3 5.7
Operating expenses -1,036.3 -990.8 -45.6
Depreciation and impairment losses -62.7 -66.3 3.6
Operating result 131.2 106.8 24.4
Comparable operating result 127.9 109.5 18.4
Share of results from associated companies and joint
ventures
14.0 -0.1 14.2
Exchange gains and losses 1.4 -1.0 2.4
Other net financial items -17.1 -17.8 0.8
Result before taxes 129.5 87.8 41.8
14. Key figures
4.5.2017 Metsä Group14
Metsä Group – Q1
Q1/2017 Q1/2016 Muutos
Return on capital employed, % 12.8 10.3 2.5
Comparable return on capital employed, % 12.5 10.6 1.9
Return on equity, % 16.3 11.3 5.0
Comparable return on equity, % 15.7 11.8 3.9
Equity ratio, % 44.1 42.8 1.3
Net gearing ratio, % 46 35 11
Interest-bearing net liabilities, EUR million 1,226 847 379
Capital expenditure, EUR million 127 143 -16
Personnel at end of period 9,310 9,512 -202
15. Cash Flow Statement I
4.5.2017 Metsä Group15
Metsä Group – Q1
EUR million Q1/2017 Q1/2016
Cash flow from operating activities
Result for the period 106.7 68.3
Adjustments to result for the period 80.6 103.0
Interest received 1.0 0.9
Interest paid -12.5 -12.5
Dividends received 0.8 0.7
Taxes -19.0 -25.7
Other financial items, net -9.9 0.3
Change in working capital -188.7 -202.1
Net cash flow from operating activities -41.0 -67.1
16. Cash Flow Statement II
4.5.2017 Metsä Group16
Metsä Group – Q1
EUR million Q1/2017 Q1/2016
Net cash flow from operating activities -41.0 -67.1
Purchase of shares 0.0 0.0
Acquired shares from non-controlling interests -30.7 0.0
Investments -127.5 -142.9
Sales of assets and others 11.7 0.8
Changes in members' capital and other capital 18.0 13.9
Interest on members' capital and dividends paid -31.1 -32.9
Change in long-term loans and committed facilities 42.0 -4.3
Change in cash and cash equivalents -158.7 -232.5
Cash and cash equivalents at beginning of the period 895.1 1,120.8
Translation differences and others 0.4 0.0
Change in cash and cash equivalents -158.7 -232.5
Cash and cash equivalents at end of the period 736.8 888.4
19. Wood Supply and Forest Services
4.5.2017 Metsä Group19
Metsä Forest – Wood Supply and Forest Services
EUR million Q1/2017 Q1/2016 Change
Sales 432.6 401.2 31.5
Other operating income 0.8 2.4 -1.6
Operating expenses -424.0 -394.9 -29.1
Depreciation and impairment losses -0.9 -0.8 -0.1
Operating result 8.5 7.8 0.7
Items affecting comparability, total - - -
Comparable operating result 8.5 7.8 0.7
% of sales 2.0 1.9 0.1
20. Steady supply of wood and
higher purchasing volumes
• Metsä Forest delivered a total of 8.7 million
cubic metres of wood (8.3)
• In Finland, the supply of wood was steady,
and stumpage prices remained stable
• Purchasing volume of wood was higher than
during the corresponding period in the
previous year
• Sales of forest management services
continued to grow
• 25% of wood bought from private forests
was purchased electronically
• 35% of forest management services was
sold electronically
4.5.2017 Metsä Group20
Comparable operating result
EUR million
Metsä Forest – Wood Supply and Forest Services
8.7
6.9 7.0
6.3
7.8
6.5
7.7
8.9
8.5
0,0
1,0
2,0
3,0
4,0
5,0
6,0
7,0
8,0
9,0
10,0
Q1/15
Q2/15
Q3/15
Q4/15
Q1/16
Q2/16
Q3/16
Q4/16
Q1/17
Q2/17
Q3/17
Q4/17
22. Wood Products Industry
4.5.2017 Metsä Group22
Metsä Wood – Wood Products Industry
EUR million Q1/2017 Q1/2016 Change
Sales 120.2 121.4 -1.2
Other operating income 3.9 0.6 3.3
Operating expenses -107.2 -110.6 3.4
Depreciation and impairment losses -2.9 -3.6 0.7
Operating result 14.0 7.8 6.2
Items affecting comparability, total -3.3 0.4 -3.7
Comparable operating result 10.7 8.2 2.5
% of sales 8.9 6.8 2.1
23. Strong demand for wood products
• Delivery volumes and sales of Metsä Wood's
Kerto® LVL products grew, especially in North
America and the Middle East
• Delivery volumes and sales of birch and
spruce plywood products grew, particularly in
Northern Europe
• Metsä Wood is building a birch plywood mill in
Pärnu, Estonia. The new mill will begin
production in the second half of 2018
• Metsä Wood sold its project business located
in Pälkäne, Finland, to Lapwall Oy
4.5.2017 Metsä Group23
Comparable operating result
EUR million
Metsä Wood – Wood Products Industry
4.5
7.1
8.0
8.4 8.2
13.2
9.0
8.3
10.7
0,0
2,0
4,0
6,0
8,0
10,0
12,0
14,0
Q1/15
Q2/15
Q3/15
Q4/15
Q1/16
Q2/16
Q3/16
Q4/16
Q1/17
Q2/17
Q3/17
Q4/17
27. Demand for long fibre pulp remained good
• Demand for long-fibre pulp was good. In
China the demand was stronger than
expected
• The price of long-fibre pulp grew about 2%
and short-fibre 9% in Europe during Q1 2017
• The bioproduct mill’s completion rate at the
end of March was roughly 90%.
Commissioning and test-run phase is ongoing
• Production and sales volumes of sawn timber
increased according to plan
• The prices of sawn timber increased but
remained at a low level
4.5.2017 Metsä Group27
Comparable operating result
EUR million
Metsä Fibre – Pulp and Sawn Timber Industry
82.0
95.6
83.4
79.7
61.2
53.2
46.4
53.7 54.5
0,0
10,0
20,0
30,0
40,0
50,0
60,0
70,0
80,0
90,0
100,0
Q1/15
Q2/15
Q3/15
Q4/15
Q1/16
Q2/16
Q3/16
Q4/16
Q1/17
Q2/17
Q3/17
Q4/17
29. Paperboard Industry
4.5.2017 Metsä Group29
Metsä Board – Paperboard Industry
EUR million Q1/2017 Q1/2016 Change
Sales 444.5 435.6 8.9
Other operating income 3.2 6.0 -2.8
Operating expenses -378.9 -386.1 7.2
Depreciation and impairment losses -23.6 -22.9 -0.7
Operating result 45.2 32.7 12.5
Items affecting comparability, total - 2.3 -2.3
Comparable operating result 45.2 35.0 10.2
% of sales 10.2 8.0 2.2
30. 4.5.2017 Metsä Group30
600
650
700
750
800
850
900
950
1000
1050
1100
2011 2012 2013 2014 2015 2016 2017
Folding boxboard White-top kraftliner
Prices of folding boxboard and white-top krafliner in
Europe 2011–Q1/2017
Source: Pöyry Management Consulting ja FOEX Indexes Ltd
EUR/ tonne
Metsä Board – Paperboard Industry
31. Delivery volumes increased and
profitability improved
• Operating result was improved mainly by
increased folding boxboard and linerboard
delivery volumes
• Average prices of the paperboards
produced in Finland remained roughly at the
level of the comparison period
• Capacity utilisation rate of Husum's folding
boxboard machine in Sweden was appr.
70%. The aim is 75% during 2017,
corresponding appr. 300,000 tonnes
• New extrusion coating line at the Husum mill
started up in April
4.5.2017 Metsä Group31
Comparable operating result
EUR million
43.2
47.0
54.6
35.1 35.0 35.8
34.0 32.8
45.2
0,0
10,0
20,0
30,0
40,0
50,0
60,0
Q1/15
Q2/15
Q3/15
Q4/15
Q1/16
Q2/16
Q3/16
Q4/16
Q1/17
Q2/17
Q3/17
Q4/17
Metsä Board – Paperboard Industry
33. Tissue and Cooking Papers
4.5.2017 Metsä Group33
Metsä Tissue – Tissue and Cooking Papers
EUR million Q1/2017 Q1/2016 Change
Sales 252.0 246.2 5.8
Other operating income 0.6 0.9 -0.3
Operating expenses -225.5 -223.9 -1.6
Depreciation and impairment losses -9.5 -9.7 0.2
Operating result 17.6 13.5 4.1
Items affecting comparability, total - - -
Comparable operating result 17.6 13.5 4.1
% of sales 7.0 5.5 1.5
34. Operating result of Tissue and Cooking Papers
improved
• Metsä Tissue’s sales grew primarily due to
increased delivery volumes
• Operating result was positively impacted by
the higher sales volume, the lower market
price of fresh fibre and the strengthening of
the Norwegian krone
• Result was impacted negatively by the
price increase of recycled fibre and the
weakening of the Swedish krona and the
British pound
• Metsä Tissue commenced the renewal of
the recycled pulp plant at the Mänttä mill. It
will increase production efficiency and
prolong the pulp plant's lifetime
4.5.2017 Metsä Group34
Comparable operating result
EUR million
Metsä Tissue – Tissue and Cooking Papers
15.8
7.6
13.2
18.6
13.5 13.2
15.8
20.6
17.6
0,0
5,0
10,0
15,0
20,0
25,0
Q1/15
Q2/15
Q3/15
Q4/15
Q1/16
Q2/16
Q3/16
Q4/16
Q1/17
Q2/17
Q3/17
Q4/17
36. Outlook for the business areas 1/2
Wood Supply and Forest Services
• Wood demand will focus on felling sites to be harvested when the ground is unfrozen and, in terms of energy wood,
mainly on crown wood
• The sales of forest management services are expected to remain good
Wood Products
• Market demand for wood products will remain good, and this will be reflected in the order book level, which will be
higher than in the previous year, particularly in Kerto® LVL products
• The outlook for plywood products is likewise positive. Construction in the UK is expected to remain at a good level,
and delivery volumes in the second quarter are expected to grow, supported by the season
Pulp and Sawn Timber
• Demand and supply in the pulp markets are well-balanced in both the Asian and European markets
• Demand for spruce sawn timber will remain good in all of the main markets, with demand in China being particularly
strong
• The oversupply situation in pine sawn timber has eased off, and market balance has improved
4.5.2017 Metsä Group36
Summary
37. Outlook for the business areas 2/2
Paperboard
• Global demand for high-quality consumer packaging paperboard made from fresh fibre is expected to
continue to grow
• Metsä Board's paperboard deliveries in April–June are expected to grow from the previous quarter. The
growth is supported by Husum's new folding boxboard production
Tissue and Cooking Papers
• In the tissue and cooking paper markets, demand is expected to remain stable in all market areas
• Demand for tissue paper will increase particularly in Eastern Central Europe, and demand for cooking
papers in Asia
4.5.2017 Metsä Group37
Summary
38. • Metsä Group’s comparable operating
result is in the second quarter of 2017
expected to be roughly at the same
level as in the first quarter of 2017
4.5.2017 Metsä Group38
Near-term outlook
Summary