Brief: Metsä Board's Comparable Operating Result In January-September 2021 Was EUR 295 Million

Metsa Board Oyj

27/10/2021 10:08

Oct 27 (Reuters) - Metsa Board Oyj  METSB.HE :
    * METSÄ BOARD'S COMPARABLE OPERATING RESULT IN JANUARY-SEPTEMBER 2021 WAS EUR 295 MILLION
    * Q3 SALES EUR 516.1 MILLION VERSUS EUR 471.2 MILLION YEAR AGO
    * RESULT GUIDANCE FOR OCTOBER-DECEMBER 2021 METSÄ BOARD'S COMPARABLE OPERATING RESULT IN
OCTOBER-DECEMBER 2021 IS EXPECTED TO BE WEAKER THAN IN JULY-SEPTEMBER 2021 (EUR 104.0 MILLION).
    * DEMAND FOR PAPERBOARDS IS EXPECTED TO REMAIN GOOD IN COMPANY'S MAIN MARKET AREAS IN EUROPE
AND
NORTH AMERICA
    * PAPERBOARD ORDER BOOKS ARE AT A HIGH LEVEL.
    * PAPERBOARD DELIVERY VOLUMES IN OCTOBER-DECEMBER ARE EXPECTED TO DECLINE FROM DELIVERY
VOLUMES IN
JULY-SEPTEMBER
    * Q3 EBIT EUR 99.4 MILLION  VERSUS EUR 62.5 MILLION YEAR AGO
    * DECLINE IS DUE TO ANNUAL MAINTENANCE SHUTDOWNS AT END OF YEAR, LOW INVENTORY LEVELS, AND
POSSIBLY SEASONALLY SLOWER DECEMBER
    * DELIVERY VOLUMES OF MARKET PULP, ON OTHER HAND, ARE EXPECTED TO INCREASE SLIGHTLY.
    * Q3 COMPARABLE EBIT EUR 104.0 MILLION  VERSUS EUR 62.5 MILLION YEAR AGO
    * AVERAGE PRICES OF FOLDING BOXBOARD AND WHITE KRAFTLINERS ARE EXPECTED TO INCREASE IN
OCTOBER-DECEMBER COMPARED TO AVERAGE PRICES IN JULY-SEPTEMBER.
    * COST INFLATION IS EXPECTED TO CONTINUE
    * ESTIMATES FULL-YEAR COST INFLATION IN 2021 TO BE AT LEAST 4% COMPARED TO 2020.
    * METSA BOARD OYJ - IN Q4, METSÄ BOARD EXPECTS TO RECOGNISE INSURANCE CLAIMS ATTRIBUTABLE TO
PRODUCTION LOSSES CAUSED BY FIRE AT HUSUM
    * EXCHANGE RATE FLUCTUATIONS IN OCTOBER-DECEMBER 2021, INCLUDING HEDGES, WILL HAVE A
SLIGHTLY
NEGATIVE IMPACT ON OPERATING RESULT COMPARED TO JULY-SEPTEMBER 2021, AND A CLEARLY NEGATIVE
IMPACT ON OPERATING RESULT COMPARED TO OCTOBER-DECEMBER 2020.
    * DECLINE IN DELIVERY VOLUMES WAS PARTLY ATTRIBUTABLE TO FIRE AT HUSUM PULP MILL IN SUMMER,
CAUSING LOSSES IN BOTH PAPERBOARD AND MARKET PULP PRODUCTION.
    * OUR TOTAL INVESTMENTS IN 2021-2022 WILL AMOUNT TO APPROXIMATELY EUR 450-550 MILLION.

Source text for Eikon:  ID:nWkrStVSp 
Further company coverage:  METSB.HE 

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