Brief: Metsa Board Expects Global Market Environment To Remain Uncertain

Metsa Board Oyj

27/07/2023 13:40

July 27 (Reuters) - Metsa Board Oyj  METSB.HE :
    * RESULT GUIDANCE FOR Q3: COMPARABLE OPERATING RESULT IN
JULY-SEPTEMBER 2023 IS EXPECTED TO BE WEAKER THAN IN APRIL-JUNE
2023
    * NEAR TERM OUTLOOK: GLOBAL MARKET ENVIRONMENT WILL REMAIN
UNCERTAIN, AND OUTLOOK FOR NEAR-TERM DEVELOPMENT OF PAPERBOARD
SALES CONTINUES TO BE WEAK
    * NEAR TERM OUTLOOK: INCREASE IN CONSUMERS' LIVING COSTS
AFFECTS
PURCHASING BEHAVIOUR AND DEMAND FOR CONSUMER PRODUCTS. VALUE
CHAIN IS EXPECTED TO FOLLOW MARKET SITUATION IN ITS INVENTORY
ADJUSTMENT EFFORTS
    * NEAR TERM OUTLOOK: IN EUROPE, COMPETITION WILL BE
INCREASED BY
HIGHER IMPORT VOLUMES FORM ASIA
    * NEAR TERM OUTLOOK:  OUR PAPERBOARD DELIVERY VOLUMES IN
JULY-SEPTEMBER 2023 ARE EXPECTED TO REMAIN AT ROUGHLY SAME LEVEL
AS IN APRIL-JUNE 2023 (353,000 TONNES)
    * NEAR TERM OUTLOOK: COMPANY WILL CONTINUE ITS PRODUCTION
ADJUSTMENT MEASURES IN LINE WITH DEMAND SITUATION
    * NEAR TERM OUTLOOK: PAPERBOARD SALES PRICES IN LOCAL
CURRENCIES
ARE EXPECTED TO REMAIN STABLE IN AMERICAS IN Q3
    * NEAR TERM OUTLOOK: IN EMEA AND APAC REGIONS, PRICES ARE
EXPECTED
TO DECREASE SLIGHTLY COMPARED TO Q2
    * NEAR TERM OUTLOOK: TOTAL COSTS ARE EXPECTED TO REMAIN
FAIRLY
STABLE
    * NEAR TERM OUTLOOK: IN EUROPE, DEMAND OUTLOOK FOR MARKET
PULP IS
EXPECTED TO REMAIN MUTED DUE TO CONTINUED PRODUCTION
CURTAILMENTS IN PAPERBOARD AND PAPER INDUSTRY
    * NEAR TERM OUTLOOK: IN CHINA, A SLIGHT SEASONAL PICKUP IN
DEMAND
IS EXPECTED IN LATTER PART OF YEAR
    * NEAR TERM OUTLOOK: MARKET PRICES FOR PULP (PIX) ARE
EXPECTED TO
REMAIN STABLE IN CHINA AND WEAKEN IN EUROPE COMPARED TO Q2
    * NEAR TERM OUTLOOK: IN JULY-SEPT 2023, EXCHANGE RATE
FLUCTUATIONS, INCLUDING IMPACT OF HEDGES, WILL HAVE A SLIGHTLY
POSITIVE IMPACT ON RESULT COMPARED TO APRIL-JUNE 2023 AND A
CLEARLY POSITIVE IMPACT COMPARED TO JULY-SEPT 2022
    * IN Q2 AVERAGE PRICE OF METSÄ BOARD'S PAPERBOARDS REMAINED
STABLE
COMPARED WITH PREVIOUS QUARTER AND IMPROVED CLEARLY COMPARED TO
CORRESPONDING PERIOD LAST YEAR

Source text for Eikon:  ID:nWkrbJqy7P 
Further company coverage:  METSB.HE 

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