Brief: Metsa Board Proposes Dividend Of EUR 0.25 Per Share Be Paid For 2023

Metsa Board Oyj

08/02/2024 11:15

Feb 8 (Reuters) - Metsa Board Oyj  METSB.HE :
    * BOARD OF DIRECTORS PROPOSES TO ANNUAL GENERAL MEETING TO
BE HELD
ON 26 MARCH 2024 THAT A DIVIDEND OF EUR 0.25 PER SHARE BE PAID
FOR 2023 FINANCIAL PERIOD
    * IN LAST QUARTER, MARKET SITUATION FOR FRESH FIBRE
PAPERBOARDS
REMAINED WEAK, WITH DEMAND FURTHER REDUCED BY SEASONALLY SLOWER
DECEMBER
    * NEAR TERM OUTLOOK: DEVELOPMENT OF PAPERBOARD SALES
CONTINUES TO
BE WEAK
    * DELIVERY VOLUMES OF OUR PAPERBOARDS DECREASED FROM
PREVIOUS
QUARTER TO 299,000 TONNES
    * OVERALL, 2023 WAS A CHALLENGING YEAR, WITH DEMAND FOR BOTH
FRESH
FIBRE PAPERBOARDS AND MARKET PULP WEAKENING SHARPLY FROM PEAK
LEVELS OF PREVIOUS YEAR
    * OPERATING RESULT IN Q12024 IS EXPECTED TO IMPROVE
    * NEAR TERM OUTLOOK: COMPANY WILL CONTINUE PRODUCTION
ADJUSTMENT
MEASURES IF NECESSARY, AS WELL AS TEMPORARY LAYOFFS AT ITS MILLS
IN FINLAND, IN 2024
    * NEAR TERM OUTLOOK: LESS ANNUAL MAINTENANCE AND INVESTMENT
SHUTDOWNS WILL TAKE PLACE AT MILLS IN JANUARY-MARCH 2024
COMPARED TO PREVIOUS QUARTER
    * NEAR TERM OUTLOOK: IN Q1 OF YEAR, TOTAL COSTS EXCLUDING
PULP
COSTS ARE EXPECTED TO REMAIN STABLE
    * NEAR TERM OUTLOOK: UNSTABLE SECURITY SITUATION IN RED SEA
MAY
HAMPER SEA TRANSPORT OF METSÄ BOARD AND METSÄ FIBRE TO ASIA AND
INCREASE LOGISTICS COSTS
    * NEAR TERM OUTLOOK: IN JANUARY-MARCH, MARKET PRICES FOR
PULP
(PIX) ARE EXPECTED TO IMPROVE COMPARED TO PREVIOUS QUARTER,
ESPECIALLY IN EUROPE

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

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