Brief: Metsä Board Q1 Comparable Operating Result Down At EUR 89 Mln

Metsa Board Oyj

27/04/2023 10:34

April 27 (Reuters) - Metsa Board Oyj  METSB.HE :
    * METSÄ BOARD'S COMPARABLE OPERATING RESULT IN JANUARY-MARCH
2023
WAS EUR 89 MILLION
    * MARKET PRICES FOR PULP (PIX) DECREASED FROM PREVIOUS
QUARTER
    * DEMAND SITUATION FOR MARKET PULP WEAKENED MORE THAN
EXPECTED IN
EUROPE
    * AVERAGE PRICES OF METSÄ BOARD'S PAPERBOARDS INCREASED
    * DEMAND FOR FRESH FIBRE PAPERBOARDS DECLINED DUE TO
DECREASING
DEMAND FOR CONSUMER PRODUCTS AND ADJUSTMENTS MADE TO INVENTORIES
    * COMPARABLE OPERATING RESULT IN APRIL-JUNE 2023 IS EXPECTED
TO BE
WEAKER THAN IN JANUARY-MARCH 2023
    * DECLINE IN DEMAND FOR CONSUMER PRODUCTS AND ADJUSTMENTS TO
INVENTORIES IN VALUE CHAIN CONTINUE TO AFFECT DEMAND
    * HIGHER AVERAGE PRICES OF OUR PAPERBOARDS AND A POSITIVE
CURRENCY
EFFECT HAVE MADE UP FOR WEAKER RESULT
    * AVERAGE PRICES WERE DRIVEN UP BY NEW ANNUAL CONTRACT
PRICES FOR
FOLDING BOXBOARD AND FOCUS ON CUSTOMERS IN OUR MAIN MARKET AREAS
    * WE ADJUSTED AND WILL CONTINUE TO ADJUST OUR PRODUCTION TO
MATCH
DEMAND SITUATION
    * IN Q2, OUR PRODUCTION WILL ALSO BE RESTRICTED BY SEVERAL
PLANNED
ANNUAL MAINTENANCE SHUTDOWNS AT OUR MILLS IN FINLAND
    * CURRENTLY, AVAILABILITY OF PULPWOOD IS GOOD AND ADEQUATE
FOR
PRODUCTION TO MEET DEMAND
    * OUR INVESTMENTS IN HUSUM AND KEMI WILL BE COMPLETED IN
SECOND
HALF OF THIS YEAR

Source text for Eikon:  ID:nWkr3rGmxP 
Further company coverage:  METSB.HE 

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