Brief: Metsa Board Q1 Comparable Operating Result Rises To EUR 121.5 Million

Metsa Board Oyj

28/04/2022 10:41

April 28 (Reuters) - Metsa Board Oyj  METSB.HE :
    * METSA BOARD OYJ - Q1 SALES EUR 582.0 MILLION VERSUS EUR
493.7 
MILLION YEAR AGO
    * Q1 COMPARABLE OPERATING RESULT EUR 121.5 MILLION  VERSUS
EUR
88.8 MILLION YEAR AGO
    * RUSSIA'S ATTACK ON UKRAINE HAS AN IMPACT ON METSÄ BOARD'S
BUSINESS OPERATIONS
    * IN MARCH 2022, METSÄ BOARD ANNOUNCED THAT IT WILL
DISCONTINUE
ITS PAPERBOARD SALES TO RUSSIA
    * RESULT GUIDANCE FOR Q2 : METSÄ BOARD'S COMPARABLE
OPERATING
RESULT IN APRIL-JUNE 2022 IS EXPECTED TO IMPROVE COMPARED TO
JANUARY-MARCH 2022
    * STRONG DEMAND FOR PAPERBOARD IN METSÄ BOARD'S MAIN MARKETS
EUROPE AND NORTH AMERICA SUPPORTS REALLOCATION OF FOLDING
BOXBOARD SALES PREVIOUSLY DIRECTED TO RUSSIA
    * METSÄ GROUP, RESPONSIBLE FOR METSÄ BOARD'S WOOD
PROCUREMENT, HAS
DISCONTINUED WOOD PROCUREMENT FROM RUSSIA
    * RUSSIA'S ATTACK ON UKRAINE DID NOT HAVE A SIGNIFICANT
IMPACT ON
METSÄ BOARD'S Q1 PROFITABILITY NOR ITS FINANCIAL POSITION AT END
OF MARCH
    * DEMAND FOR PAPERBOARDS IS EXPECTED TO REMAIN GOOD IN
COMPANY'S
MAIN MARKET AREAS IN EUROPE AND NORTH AMERICA
    * METSÄ BOARD'S PAPERBOARD DELIVERY VOLUMES IN APRIL-JUNE
ARE
EXPECTED TO REMAIN AT SAME LEVEL AS IN JANUARY-MARCH (473,000
TONNES)
    * AVERAGE PRICES OF FOLDING BOXBOARD AND WHITE KRAFTLINERS
ARE
EXPECTED TO INCREASE
    * DEMAND FOR LONG-FIBRE MARKET PULP IS EXPECTED TO REMAIN
GOOD IN
EUROPE AND CHINA
    * GLOBAL SUPPLY OF MARKET PULP IS RESTRICTED BY VARIOUS
FACTORS,
INCLUDING BOTTLENECKS IN LOGISTICS AND UNPLANNED PRODUCTION
SHUTDOWNS
    * IMPACTS OF COVID-19 SITUATION IN CHINA CREATE UNCERTAINTY
IN
DEVELOPMENT OF MARKET SITUATION IN LONG TERM
    * THERE WILL BE MORE PLANNED MAINTENANCE SHUTDOWNS IN
APRIL-JUNE
2022 THAN IN PREVIOUS QUARTER
    * COST INFLATION IS EXPECTED TO CONTINUE. GLOBAL PROBLEMS IN
AVAILABILITY OF TRANSPORT EQUIPMENT AND HIGHER FUEL PRICES WILL
INCREASE LOGISTICS COSTS
    * EXCHANGE RATE FLUCTUATIONS IN APRIL-JUNE 2022, INCLUDING
IMPACT
OF HEDGES, WILL HAVE A SLIGHTLY POSITIVE IMPACT ON OPERATING
RESULT COMPARED TO JANUARY-MARCH 2022 AND APRIL-JUNE 2021

Source text for Eikon:  ID:nWkr5KtlRX 
Further company coverage:  METSB.HE 

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