Brief: Metsä Board Has Concluded Change Negotiations And Tako Mill Will Be Closed

Metsa Board Oyj

10/03/2025 12:22

March 10 (Reuters) - Metsa Board Oyj METSB.HE:

METSÄ BOARD HAS CONCLUDED CHANGE NEGOTIATIONS AND TAKO MILL WILL BE CLOSED

MEASURES WILL LEAD TO A TOTAL REDUCTION OF 208 JOBS

ESTIMATES THAT MEASURES NOW DECIDED WILL IMPROVE ANNUAL COMPARABLE EBITDA BY APPROXIMATELY EUR 30 MILLION

PRODUCTION AT TAKO BOARD MILL IS PLANNED TO END BY END OF Q2 OF 2025 AT LATEST

CLOSURE OF MILL WILL NOT AFFECT CUSTOMER DELIVERIES

ONE-OFF PROFIT IMPACT OF APPROXIMATELY EUR -28 MILLION WILL BE RECORDED IN CONNECTION WITH CLOSURE OF TAKO MILL

AFTER MILL CLOSURE, METSÄ BOARD'S ANNUAL FOLDING BOXBOARD CAPACITY WILL BE APPROXIMATELY 1.4 MILLION TONNES

Source text: ID:nWkr1Kx6yH

Further company coverage: METSB.HE

 (Gdansk Newsroom)

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