July 31 (Reuters) - Metsa Board Oyj METSB.HE:
METSÄ BOARD LAUNCHES A PROGRAMME TO IMPROVE PROFITABILITY AND CASH FLOW
HIGH WOOD RAW MATERIAL COSTS AND WEAK DEVELOPMENT OF PULP MARKET HAVE NEGATIVELY IMPACTED COMPANY'S PERFORMANCE AND COMPETITIVENESS
PROGRAMME TARGETS EUR 100 MILLION COST SAVINGS AND EUR 100 MILLION PROFITABILITY IMPROVEMENT
PROGRAMME IS EXPECTED TO IMPROVE COMPARABLE EBITDA BY EUR 100 MILLION IN 2026, WITH MAJORITY OF IMPACT IN SECOND HALF OF YEAR
REMAINING IMPACT IS EXPECTED TO BE REALISED BY END OF 2027
ADDITIONALLY, CLOSURE OF TAKO MILL AND EFFICIENCY IMPROVEMENTS AT KYRO MILL ARE EXPECTED TO CONTRIBUTE APPROXIMATELY EUR 30 MILLION IN ANNUAL EBITDA IMPROVEMENT STARTING FROM Q4 2025
IN TOTAL PROGRAM TARGETS ANNUAL EBITDA INCREASE OF EUR 200 MILLION
Source text: ID:nWkr1LRZKp
Further company coverage: METSB.HE
(Gdansk Newsroom)
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