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
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.
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.
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 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.
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.
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 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.
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.
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.
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 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.
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.
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 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.
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.
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.
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.
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 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.
For the last time, Ahlstrom and Munksjö reported their interim results (Q1/2017) separately. Both companies increased their net sales and profitability.
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.
Husqvarna Group saw progress in 2014, with operating income rising 47% excluding impairment charges. All business areas contributed to improved results. The Accelerated Improvement Program accounted for over half the earnings growth. A new organizational structure was implemented in January 2015 to realize the Group's full potential by 2020. The report discusses financial performance in each business area and region. The Accelerated Improvement Program aims to double the operating margin to 10% by 2016 through initiatives to boost profitability and focus, in order to enable long-term growth.
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.
- Stora Enso reported Q2 2013 operational EBIT of EUR 124 million, in line with expectations. Cash flow from operations was EUR 344 million.
- Printing and reading paper demand declined 6% year-over-year due to structural changes. Cost reduction efforts are a top priority to address this.
- The company is on track to achieve EUR 200 million in annual fixed cost savings through restructuring. Several mill closures have contributed to this.
- Plans are progressing for major projects including the new consumer board machine in Guangxi, China and the biorefinery in Sunila, Finland.
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.
This document summarizes Klöckner & Co's full year 2007 results presentation. It highlights that Klöckner achieved strong results in 2007 and met its revised guidance. Its business optimization program "STAR" is on track. The company saw continued profitable growth through acquisitions and organic expansion. For 2008, Klöckner expects EBITDA to be higher than 2007, supported by the favorable market conditions in the first quarter and additional benefits from the STAR program and acquisitions made in 2007. The presentation provides details on Klöckner's financial results, market conditions, growth strategy and outlook.
1) Kesko is a Finnish retail group that operates in eight countries with net sales of €10.8 billion and over 40,000 employees.
2) Kesko's main divisions are grocery trade, home improvement and speciality goods trade, and car trade, which accounted for 54%, 37%, and 9% of net sales respectively in the first quarter of 2016.
3) Kesko is investing in strategic growth areas like increasing its market share in the Finnish grocery trade, expanding its building and home improvement trade in Europe, and growing its B2B sales. The acquisition of Onninen is expected to strengthen Kesko's position in technical trade.
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'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.
Health, safety and environment are essential elements in all our activities. Safety is a sign of quality. We always emphasize our high HSE standards of conduct when dealing with our customers. Learn more about HSE at Metso: metso.com/hse
The document appears to be the agenda and presentation for Recticel's annual ordinary shareholders meeting on 26 May 2015. It includes a discussion of Recticel's 2014 consolidated and combined results, a 1Q2015 trading update, a dividend proposal and outlook for 2015, and an update on Recticel's strategy. The agenda also includes resolutions to be voted on and an appendix. Olivier Chapelle, the Chief Executive Officer, will discuss the financial results and outlook, while Etienne Davignon, the Chairman, will discuss the resolutions on the agenda.
The document provides an overview and key financial figures for ANDRITZ GROUP for 2014. Order intake, sales, and order backlog reached record highs in 2014. Earnings and margins substantially improved compared to 2013, driven by strong performances in Pulp & Paper, Metals, and Separation. The order backlog remained at a high level, with Hydro and Pulp & Paper making up approximately 75% of the total backlog.
This document provides an overview of Kesko's performance and strategic plans presented by Jukka Erlund at an analyst meeting on December 18, 2015. Key points include: Kesko's sales and profitability figures have remained stable over the past year. The grocery trade division aims to gain market share in Finland by acquiring Suomen Lähikauppa. The home improvement trade is focusing on growth in Europe through both organic expansion and acquisitions. The car trade continues to be impacted by the Volkswagen emissions scandal but maintains a strong order backlog. Overall, Kesko is well positioned financially and pursuing growth across its strategic business areas.
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.
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 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.
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.
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.
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 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.
For the last time, Ahlstrom and Munksjö reported their interim results (Q1/2017) separately. Both companies increased their net sales and profitability.
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.
Husqvarna Group saw progress in 2014, with operating income rising 47% excluding impairment charges. All business areas contributed to improved results. The Accelerated Improvement Program accounted for over half the earnings growth. A new organizational structure was implemented in January 2015 to realize the Group's full potential by 2020. The report discusses financial performance in each business area and region. The Accelerated Improvement Program aims to double the operating margin to 10% by 2016 through initiatives to boost profitability and focus, in order to enable long-term growth.
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.
- Stora Enso reported Q2 2013 operational EBIT of EUR 124 million, in line with expectations. Cash flow from operations was EUR 344 million.
- Printing and reading paper demand declined 6% year-over-year due to structural changes. Cost reduction efforts are a top priority to address this.
- The company is on track to achieve EUR 200 million in annual fixed cost savings through restructuring. Several mill closures have contributed to this.
- Plans are progressing for major projects including the new consumer board machine in Guangxi, China and the biorefinery in Sunila, Finland.
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.
This document summarizes Klöckner & Co's full year 2007 results presentation. It highlights that Klöckner achieved strong results in 2007 and met its revised guidance. Its business optimization program "STAR" is on track. The company saw continued profitable growth through acquisitions and organic expansion. For 2008, Klöckner expects EBITDA to be higher than 2007, supported by the favorable market conditions in the first quarter and additional benefits from the STAR program and acquisitions made in 2007. The presentation provides details on Klöckner's financial results, market conditions, growth strategy and outlook.
1) Kesko is a Finnish retail group that operates in eight countries with net sales of €10.8 billion and over 40,000 employees.
2) Kesko's main divisions are grocery trade, home improvement and speciality goods trade, and car trade, which accounted for 54%, 37%, and 9% of net sales respectively in the first quarter of 2016.
3) Kesko is investing in strategic growth areas like increasing its market share in the Finnish grocery trade, expanding its building and home improvement trade in Europe, and growing its B2B sales. The acquisition of Onninen is expected to strengthen Kesko's position in technical trade.
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'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.
Health, safety and environment are essential elements in all our activities. Safety is a sign of quality. We always emphasize our high HSE standards of conduct when dealing with our customers. Learn more about HSE at Metso: metso.com/hse
The document appears to be the agenda and presentation for Recticel's annual ordinary shareholders meeting on 26 May 2015. It includes a discussion of Recticel's 2014 consolidated and combined results, a 1Q2015 trading update, a dividend proposal and outlook for 2015, and an update on Recticel's strategy. The agenda also includes resolutions to be voted on and an appendix. Olivier Chapelle, the Chief Executive Officer, will discuss the financial results and outlook, while Etienne Davignon, the Chairman, will discuss the resolutions on the agenda.
The document provides an overview and key financial figures for ANDRITZ GROUP for 2014. Order intake, sales, and order backlog reached record highs in 2014. Earnings and margins substantially improved compared to 2013, driven by strong performances in Pulp & Paper, Metals, and Separation. The order backlog remained at a high level, with Hydro and Pulp & Paper making up approximately 75% of the total backlog.
This document provides an overview of Kesko's performance and strategic plans presented by Jukka Erlund at an analyst meeting on December 18, 2015. Key points include: Kesko's sales and profitability figures have remained stable over the past year. The grocery trade division aims to gain market share in Finland by acquiring Suomen Lähikauppa. The home improvement trade is focusing on growth in Europe through both organic expansion and acquisitions. The car trade continues to be impacted by the Volkswagen emissions scandal but maintains a strong order backlog. Overall, Kesko is well positioned financially and pursuing growth across its strategic business areas.
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.
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 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.
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
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.
Stora Enso Q1/2014 financial results, presentationStora Enso
Stora Enso reported financial results for Q1 2014 with the following key points:
- Operational EBIT increased 54% to EUR 182 million due to lower costs and depreciation. Nearly all of the EUR 200 million cost reduction program was realized ahead of schedule.
- CEO Jouko Karvinen will retire in 2014 after seven years as CEO. A successor is being sought.
- Printing and Reading improved profits by EUR 33 million through lower costs and depreciation including the closure of a paper machine.
- Guidance for the rest of 2014 expects sales and operational EBIT to remain similar to Q1 levels despite planned mill maintenance shutdowns.
- Sales declined 3% year-over-year due to structurally declining paper business, but grew 3% excluding paper and divested businesses. Operational EBIT increased 21% due to foreign exchange gains and lower costs.
- Consumer board sales were flat while operational EBIT increased 27% due to foreign exchange gains and lower costs. Biomaterials sales increased 35% and operational EBIT increased significantly due to the Montes del Plata ramp-up.
- Wood products sales declined 12% and operational EBIT declined 25% due to lower production and deliveries.
- Stora Enso reported solid financial results for Q3 2014, with quarterly sales of EUR 2.5 billion, up 3% excluding structurally declining paper. Operational EBIT increased 14% to EUR 210 million.
- Renewable Packaging continued its strong performance, with operational EBIT up 30% due to higher volumes and prices. Biomaterials improved performance despite ramp-up challenges at Montes del Plata.
- Building and Living performance was similar to last year's good Q3, while Printing and Reading showed stable performance with improved cash flow.
- The company continues its transformation journey, with growth businesses now making up 70% of sales and 62% of operational EBIT.
HeidelbergCement achieved its key operational and financial targets for 2014. Revenue increased 4% to €12.6 billion and operating EBITDA increased 3% to €2.3 billion. Net debt was significantly reduced through the successful disposal of the building products business for over €1.2 billion. The dividend was proposed to increase 25% to €0.75 per share. For 2015, double digit percentage increases are expected in revenue, operating income and net income, and net debt/EBITDA is targeted to remain below 2.8x.
The document provides an analysis of retail trade trends and key figures for Kesko, a Finnish trading group, for the period of Q1 2014 - Q2 2015. It summarizes retail trade growth rates across several European countries, Kesko's financial performance indicators over time, operating margins and sales by division, strategic growth areas and objectives. Retail sales growth has slowed or declined in many countries while Kesko has maintained a strong financial position and profitability across its grocery, home improvement and car trading divisions.
- 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
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.
Financial Statements Review 2013: Solid performance in services - focus on profitability improvement
Presentation material at the new conference on February 6, 2014.
- Stora Enso reported financial results for Q4 and full year 2014, with sales decreasing 2.3% in Q4 but increasing 1.4% excluding structurally declining paper and divested businesses. Operational EBIT increased 37.5% in Q4 due to cost management.
- For the full year, sales decreased 3.3% while operational EBIT increased 40% due to lower costs and higher volumes. The company continues its transformation journey with growth businesses now accounting for 62% of sales.
- Stora Enso is investing in consumer board and packaging solutions, biomaterials, and wood products to drive sustainable growth, while divesting non-core assets and closing operations. The transformation is
This document provides an overview and results for HeidelbergCement for 2016. Key points include:
- Volumes increased across all business lines, with cement volumes up 3%, aggregates up 3%, and ready-mix up 1%. Operating EBITDA and income grew organically by 5% and 6% respectively.
- Results were mixed by region, with strong growth in North America offset by pressure in Southern Europe and weather impacts elsewhere. Integration of Italcementi assets is ongoing.
- An outlook for 2017 forecasts continued volume growth, with a focus on cost efficiency and improving profitability of recently acquired assets. Net debt is expected to remain below €9 billion.
Similar to Metsa Group half year financial report 2016 presentation (19)
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 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.
This presentation by Thibault Schrepel, Associate Professor of Law at Vrije Universiteit Amsterdam University, was made during the discussion “Artificial Intelligence, Data and Competition” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/aicomp.
This presentation was uploaded with the author’s consent.
Collapsing Narratives: Exploring Non-Linearity • a micro report by Rosie WellsRosie Wells
Insight: In a landscape where traditional narrative structures are giving way to fragmented and non-linear forms of storytelling, there lies immense potential for creativity and exploration.
'Collapsing Narratives: Exploring Non-Linearity' is a micro report from Rosie Wells.
Rosie Wells is an Arts & Cultural Strategist uniquely positioned at the intersection of grassroots and mainstream storytelling.
Their work is focused on developing meaningful and lasting connections that can drive social change.
Please download this presentation to enjoy the hyperlinks!
This presentation by Professor Alex Robson, Deputy Chair of Australia’s Productivity Commission, was made during the discussion “Competition and Regulation in Professions and Occupations” held at the 77th meeting of the OECD Working Party No. 2 on Competition and Regulation on 10 June 2024. More papers and presentations on the topic can be found at oe.cd/crps.
This presentation was uploaded with the author’s consent.
This presentation by Juraj Čorba, Chair of OECD Working Party on Artificial Intelligence Governance (AIGO), was made during the discussion “Artificial Intelligence, Data and Competition” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/aicomp.
This presentation was uploaded with the author’s consent.
XP 2024 presentation: A New Look to Leadershipsamililja
Presentation slides from XP2024 conference, Bolzano IT. The slides describe a new view to leadership and combines it with anthro-complexity (aka cynefin).
This presentation by Nathaniel Lane, Associate Professor in Economics at Oxford University, was made during the discussion “Pro-competitive Industrial Policy” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/pcip.
This presentation was uploaded with the author’s consent.
This presentation by Katharine Kemp, Associate Professor at the Faculty of Law & Justice at UNSW Sydney, was made during the discussion “The Intersection between Competition and Data Privacy” held at the 143rd meeting of the OECD Competition Committee on 13 June 2024. More papers and presentations on the topic can be found at oe.cd/ibcdp.
This presentation was uploaded with the author’s consent.
Why Psychological Safety Matters for Software Teams - ACE 2024 - Ben Linders.pdfBen Linders
Psychological safety in teams is important; team members must feel safe and able to communicate and collaborate effectively to deliver value. It’s also necessary to build long-lasting teams since things will happen and relationships will be strained.
But, how safe is a team? How can we determine if there are any factors that make the team unsafe or have an impact on the team’s culture?
In this mini-workshop, we’ll play games for psychological safety and team culture utilizing a deck of coaching cards, The Psychological Safety Cards. We will learn how to use gamification to gain a better understanding of what’s going on in teams. Individuals share what they have learned from working in teams, what has impacted the team’s safety and culture, and what has led to positive change.
Different game formats will be played in groups in parallel. Examples are an ice-breaker to get people talking about psychological safety, a constellation where people take positions about aspects of psychological safety in their team or organization, and collaborative card games where people work together to create an environment that fosters psychological safety.
Suzanne Lagerweij - Influence Without Power - Why Empathy is Your Best Friend...Suzanne Lagerweij
This is a workshop about communication and collaboration. We will experience how we can analyze the reasons for resistance to change (exercise 1) and practice how to improve our conversation style and be more in control and effective in the way we communicate (exercise 2).
This session will use Dave Gray’s Empathy Mapping, Argyris’ Ladder of Inference and The Four Rs from Agile Conversations (Squirrel and Fredrick).
Abstract:
Let’s talk about powerful conversations! We all know how to lead a constructive conversation, right? Then why is it so difficult to have those conversations with people at work, especially those in powerful positions that show resistance to change?
Learning to control and direct conversations takes understanding and practice.
We can combine our innate empathy with our analytical skills to gain a deeper understanding of complex situations at work. Join this session to learn how to prepare for difficult conversations and how to improve our agile conversations in order to be more influential without power. We will use Dave Gray’s Empathy Mapping, Argyris’ Ladder of Inference and The Four Rs from Agile Conversations (Squirrel and Fredrick).
In the session you will experience how preparing and reflecting on your conversation can help you be more influential at work. You will learn how to communicate more effectively with the people needed to achieve positive change. You will leave with a self-revised version of a difficult conversation and a practical model to use when you get back to work.
Come learn more on how to become a real influencer!
This presentation by OECD, OECD Secretariat, was made during the discussion “Competition and Regulation in Professions and Occupations” held at the 77th meeting of the OECD Working Party No. 2 on Competition and Regulation on 10 June 2024. More papers and presentations on the topic can be found at oe.cd/crps.
This presentation was uploaded with the author’s consent.
The importance of sustainable and efficient computational practices in artificial intelligence (AI) and deep learning has become increasingly critical. This webinar focuses on the intersection of sustainability and AI, highlighting the significance of energy-efficient deep learning, innovative randomization techniques in neural networks, the potential of reservoir computing, and the cutting-edge realm of neuromorphic computing. This webinar aims to connect theoretical knowledge with practical applications and provide insights into how these innovative approaches can lead to more robust, efficient, and environmentally conscious AI systems.
Webinar Speaker: Prof. Claudio Gallicchio, Assistant Professor, University of Pisa
Claudio Gallicchio is an Assistant Professor at the Department of Computer Science of the University of Pisa, Italy. His research involves merging concepts from Deep Learning, Dynamical Systems, and Randomized Neural Systems, and he has co-authored over 100 scientific publications on the subject. He is the founder of the IEEE CIS Task Force on Reservoir Computing, and the co-founder and chair of the IEEE Task Force on Randomization-based Neural Networks and Learning Systems. He is an associate editor of IEEE Transactions on Neural Networks and Learning Systems (TNNLS).
This presentation by Tim Capel, Director of the UK Information Commissioner’s Office Legal Service, was made during the discussion “The Intersection between Competition and Data Privacy” held at the 143rd meeting of the OECD Competition Committee on 13 June 2024. More papers and presentations on the topic can be found at oe.cd/ibcdp.
This presentation was uploaded with the author’s consent.
The Intersection between Competition and Data Privacy – CAPEL – June 2024 OEC...
Metsa Group half year financial report 2016 presentation
1. Metsä Group
Half year financial report
January–June 2016
Kari Jordan
President and CEO
4.8.2016
2. • Sales EUR 2,339 million (1–6/2016: 2,585 million)
• Operating result* EUR 229 million (266 million)
• Operating result* 9.8% (10.3%) of sales
• Return on capital employed* 11.0% (13.7%)
• Operating result compared to previous year was affected by
lower market price of pulp and start-up phase of new folding
boxboard production line at Metsä Board’s Husum mill
4.8.20162
Business developed as expected
Metsä Group – Q2
*excluding non-recurring items
3. • Market price of long-fibre pulp increased by one per cent. Price of
short-fibre pulp decreased by 9 per cent
• Demand for paperboards remained stable in both Europe and the
Americas – price levels were stable
• Supply of wood was steady and stumpage prices remained stable
• Metsä Wood announced it will launch an investment programme
of approximately EUR 100 million in plywood and Kerto® LVL
products
• Metsä Group announced that its sawmills in Finland will be
transferred from Metsä Wood to Metsä Fibre
• Construction of bioproduct mill in Äänekoski proceeded as
planned
– Halfway point was reached in June
– Equipment installations began
– Workforce at end of June was 1,300 people
4.8.20163
Events in the second quarter
Metsä Group – Q2
7. Change in operating result
4.8.20167
Metsä Group – Q2
EUR million
Operating result excl. non-recurring items 1–6/2015 266
Sales prices -127
Sales volumes -26
Exchange rates -9
Raw materials 15
Employee costs 18
Maintenance and other fixed costs 22
Change of inventories 24
Write-offs and others, total 46 -37
Operating result excl. non-recurring items 1–6/2016 229
8. Non-recurring items Q1–Q2/2016
8
Metsä Group – Q2
4.8.2016
EUR million Q1–Q2/2016
Operating result incl. non-recurring 225.3
Non-recurring items
Metsä Wood / Additional expenses related to divestment of
Metsä Wood France S.A.S.
-0.4
Metsä Board / Restructuring of Simpele paperboard mill -1.8
Metsä Board / Loss related to divestment of Alrec Boiler -1.1
Metsä Board / Organisation of Benelux sales office -0.7
Non-recurring items total -4.0
Operating result excl. non-recurring items 229,3
12. 12
Capital expenditure
Metsä Group – Q2
EUR million
4.8.2016
204 214
143
492
338
0
100
200
300
400
500
600
700
800
900
1–12/2012 1–12/2013 1–12/2014 1–12/2015 1–6/2016
Full year
estimate
13. Income statement
13
Metsä Group – Q2
EUR million Q1–Q2/2016 Q1–Q2/2015 Change
Sales 2 339.6 2 585.3 -245.8
Other operating income 25.2 68.2 -43.1
Operating expenses -2 013.6 -2 245.1 231.6
Depreciation and impairment losses -125.8 -136.5 10.7
Operating result 225.3 271.9 -46.6
Operating result exclunding non-recurring items 229.3 265.8 -36.5
Share of results from associated companies and joint ventures -0.9 9.3 -10.2
Exchange gains and losses -0.5 -3.2 2.7
Other net financial items -37.9 -43.7 5.8
Result before income tax 186.0 234.3 -48.3
4.8.2016
14. Key figures
14
Metsä Group – Q2
Q1–Q2/2016 Q1–Q2/2015 Change
ROCE, % 10.8 14.0 -3.2
excluding non-recurring items 11.0 13.7 -2.7
ROE, % 11.8 16.6 -4.8
excluding non-recurring items 12.1 16.3 -4.2
Equity ratio, % 44.8 41.9 2.9
Net gearing ratio, % 38 34 4
Interest-bearing net liabilities, EUR million 945 779 166
Investments, EUR million 338 140 198
Personnel at end of period 10 075 10 442 -367
4.8.2016
15. Cash Flow Statement I
15
Metsä Group – Q2
EUR million Q1–Q2/2016 Q1–Q2/2015
Cash flow from operating activities
Result for the period 143.9 181.3
Adjustments to result for the period 190.6 186.6
Interest received 1.7 2.0
Interest paid -30.1 -36.7
Dividends received 0.8 3.7
Taxes -75.7 -45.0
Other financial items, net 6.2 -13.0
Change in working capital -213.8 -34.9
Cash flow arising from investing activities 23.6 244.0
4.8.2016
16. Cash Flow Statement II
EUR million Q1–Q2/2016 Q1–Q2/2015
Net cash flow from operating activities 23.6 244.0
Purchase of shares 0.0 0.0
Investments -337.9 -140.2
Sales of assets and others 16.4 37.3
Changes in members' capital and in other capital 81.5 108.3
Interest on members' capital and dividends paid -120.2 -94.9
Change in long-term loans and committed facilities -31.3 -53.0
Change in cash and cash equivalents -367.9 101.4
Cash and cash equivalents at beginning of period 1 120.8 947.9
Translation differences and others 0.4 1.2
Change in cash and cash equivalents -367.9 101.4
Cash and cash equivalents at end of period 753.3 1 050.4
16
Metsä Group – Q2
4.8.2016
17. 17
Personnel
Metsä Group – Q2
4.8.2016
* Approximately 850 summer employees at end of June
11 447
10 736
10 410
9 599
10 075
0
2 000
4 000
6 000
8 000
10 000
12 000
14 000
12/2012 12/2013 12/2014 12/2015 6/2016*
19. Wood Supply and Forest Services
19
Metsä Forest – Wood Supply and Forest Services
EUR million Q1–Q2/2016 Q1–Q2/2015 Change
Sales 779.0 805.2 -26.2
Other operating income 3.7 4.5 -0.8
Operating expenses -766.6 -792.3 25.7
Depreciation and impairment losses -1.7 -1.8 0.1
Operating result 14.3 15.6 -1.3
Non-recurring items, total - - -
Operating result excluding non-recurring items 14.3 15.6 -1.3
% of sales 1.8 1.9 -0.1
4.8.2016
20. Popularity of electronic services increases
• Supply of wood was steady and stumpage
prices remained stable
• Metsä Forest delivered a total of 15.7 million
cubic metres of wood (15.9)
• Wood was harvested as targeted and deliveries
to customers' production units were carried out
as planned
• Sales of forest management services continued
strong and increased by 20 per cent compared
to corresponding period last year
• Nearly 20% of wood acquired from private
forests was purchased electronically
• Nearly 30% of forest management services was
sold electronically
20
Operating result excl. non-recurring items
EUR million
Metsä Forest – Wood Supply and Forest Services
4.8.2016
8.6
7.0
4.5
8.1
8.7
6.9 7.0
6.3
7.8
6.5
0
1
2
3
4
5
6
7
8
9
10
Q1/14
Q2/14
Q3/14
Q4/14
Q1/15
Q2/15
Q3/15
Q4/15
Q1/16
Q2/16
Q3/16
Q4/16
22. Wood Products Industry
22
Metsä Wood – Wood Products Industry
EUR million Q1–Q2/2016 Q1–Q2/2015 Change
Sales 437.9 452.2 -14.3
Other operating income 5.2 2.2 -3.0
Operating expenses -411.3 -441.8 30.5
Depreciation and impairment losses -17.1 -16.9 -0.2
Operating result 14.7 -4.3 19.0
Non-recurring items, total 5.5 22.3 -16.8
Operating result excluding non-recurring items 20.2 18.0 2.2
% of sales 4.6 4.0 0.6
4.8.2016
23. Growth in delivery volumes of Kerto® LVL products
• Deliveries of sawn spruce and pine timber to
North Africa and deliveries of sawn spruce
timber to Asia increased
• Delivery volumes of Kerto® LVL products
grew in particular to Australia and North
America
• ThermoWood business was divested to Oy
Lunawood Ltd.
• In June, launch an investment programme
of approximately EUR 100 million relating to
the Kerto® LVL and plywood operations was
announced
• Transfer of Finnish sawmills to Metsä Fibre
was announced in June
23
Operating result excl. non-recurring items
EUR million
Metsä Wood – Wood Products Industry
4.8.2016
8.6
14.4
6.2
8.0 7.9
10.2
5.9
7.5
5.8
14.4
0
2
4
6
8
10
12
14
16
Q1/14
Q2/14
Q3/14
Q4/14
Q1/15
Q2/15
Q3/15
Q4/15
Q1/16
Q2/16
Q3/16
Q4/16
27. Currency-denominated market prices of pulp on a
lower level than previous year
• Currency-denominated market prices of long-
fibre pulp decreased 10% and of short-fibre
pulp 5% from corresponding period previous
year
• Price of long-fibre pulp in Europe was USD
794 per tonne at the beginning of January
and USD 806 at end of review period
• Price of short-fibre pulp was USD 781 and
USD 680, respectively
• Transfer of Finnish sawmills to Metsä Fibre
was announced in June to utilise the
industrial synergies even better
Metsä Group27
Operating result excl. non-recurring items
EUR million
Metsä Fibre – Pulp Industry
54.9
36.3
51.8
64.5
78.7
92.5
85.5
80.5
63.7
0
10
20
30
40
50
60
70
80
90
100
Q1/14
Q2/14
Q3/14
Q4/14
Q1/15
Q2/15
Q3/15
Q4/15
Q1/16
Q2/16
Q3/16
Q4/16
4.8.2016
29. Paperboard Industry
29
Metsä Board – Paperboard Industry
EUR million Q1–Q2/2016 Q1–Q2/2015 Change
Sales 858.5 1 047.7 -189.2
Other operating income 14.3 31.8 -17.5
Operating expenses -757.7 -916.9 159.2
Depreciation and impairment losses -48.0 -52.3 4.3
Operating result 67.2 110.3 -43.1
Non-recurring items, total 3.6 -20.1 23.7
Operating result excluding non-recurring items 70.8 90.2 -19.4
% of sales 8.2 8.6 -0.4
4.8.2016
30. 30
Prices of folding boxboard and white top krafliner
in Europe
Metsä Board – Paperboard Industry
EUR/tonne
Sources: Pöyry Management Consulting
and FOEX Indexes Ltd.
4.8.2016
600
650
700
750
800
850
900
950
1000
1050
1100
2010 2011 2012 2013 2014 2015 2016
Folding boxboard White top kraftliner
31. Start-up of Husum’s new folding boxboard
production line affected result development
• Total delivery volume of folding boxboard
and white fresh forest fibre linerboard
increased 11% compared with
corresponding period previous year
• Sales were reduced considerable decrease
in paper deliveries
– Paper production at Husum ended in July
• Operating result was weakened by start-up
of Husum’s new paperboard production line
and lower average price of start-up
volumes, as well as fluctuations in pulp
prices
• Wallpaper base machine at Kyro mill is
planned to be closed
31
Operating result excl. non-recurring items
EUR million
Metsä Board – Paperboard Industry
4.8.2016
36.1
28.3
35.2
36.9
43.2
47.0
54,6
35.1 35.0 35.8
0,0
10,0
20,0
30,0
40,0
50,0
60,0
Q1/14
Q2/14
Q3/14
Q4/14
Q1/15
Q2/15
Q3/15
Q4/15
Q1/16
Q2/16
Q3/16
Q4/16
33. Tissue and Cooking Papers
33
Metsä Tissue – Tissue and Cooking Papers
EUR million Q1–Q2/2016 Q1–Q2/2015 Change
Sales 495.1 502.7 -7.6
Other operating income 1.6 2.3 -0.7
Operating expenses -450.1 -472.4 22.3
Depreciation and impairment losses -19.8 -21.4 1.6
Operating result 26.7 11.2 15.5
Non-recurring items, total - 12.1 -12.1
Operating result excluding non-recurring items 26.7 23.4 3.4
% of sales 5.4 4.6 0.8
4.8.2016
34. Improved sales mix and lower costs increased
operating result from previous year
• Reduction in sales was primarily due to
decrease in sales volumes, which was still
affected by phasing out of tissue paper
operations in Russia
• Also weakening of exchange rates of
Norwegian krone, Polish zloty and British
pound reduced sales
• Sales mix improved and costs of energy and
transport were lower than in previous year
• Paper machine at the Raubach mill was
renewed
34
Operating result excl. non-recurring items
EUR million
Metsä Tissue – Tissue and Cooking Papers
4.8.2016
11.8
9.7
19.6
21.1
15.8
7.6
13.2
18.6
13.5 13.2
0,0
5,0
10,0
15,0
20,0
25,0
Q1/14
Q2/14
Q3/14
Q4/14
Q1/15
Q2/15
Q3/15
Q4/15
Q1/16
Q2/16
Q3/16
Q4/16
36. Outlook for the business areas 1/2
Wood Supply and Forest Services
• Wood demand will target felling sites to be harvested when the ground is unfrozen and, in terms of energy
wood, crown wood
• Uncertainties related to Act on the Financing of Sustainable Forestry will have a negative impact on
demand for forest management services
Wood Products Industry
• Market balance and sales prices of sawn timber are expected to improve as a whole
• Market situation in Northern Africa will create uncertainty in demand for pine sawn timber and demand in
Chinese market is expected to quiet down seasonally
• Lively demand for Kerto® LVL wood products is expected to continue
• Competition in plywood products is expected to remain tense
Pulp
• Moderate demand growth for long-fibre pulp is expected to continue globally
• Annual maintenance shutdowns of two of Metsä Fibre’s pulp mills are scheduled for third quarter
36
Summary
4.8.2016
37. Outlook for the business areas 2/2
Paperboard
• Demand for paperboard is expected to remain stable in both Europe and America
• Paperboard deliveries are expected to grow in July–September from second quarter of 2016
• Market prices of folding boxboard and white fresh forest fibre linerboard are expected to remain stable or
increase slightly
• Metsä Board has announced increase in the price of white fresh forest fibre linerboard and folding boxboard
in Europe
• Result development will be affected by start-up volumes of folding boxboard at Husum, which reduce
average price of folding boxboard
Tissue and Cooking papers
• In tissue and cooking paper markets, demand is expected to continue to be stable in all market areas
• Demand for tissue paper is expected to increase in particular in eastern Central Europe and for cooking
papers demand is expected to increase in Asia
37
Summary
4.8.2016
38. • Metsä Group’s operating result
excluding non-recurring items is in
the third quarter of 2016 expected
to be slightly weaker than in the
second quarter of 2016
4.8.201638
Near-term outlook
Summary