Brief: Metsa Board Says Demand Growth Has Been Somewhat Slower Than Expected

Metsa Board Oyj

24/10/2024 10:04

Oct 24 (Reuters) - Metsa Board Oyj  METSB.HE :
    * NEW DIVIDEND POLICY IS: METSÄ BOARD'S TARGET IS TO
DISTRIBUTE A
DIVIDEND OF AT LEAST HALF OF RESULT FOR FINANCIAL PERIOD OVER
TIME
    * IN EUROPE, PULP MARKET SITUATION REMAINED STABLE
    * FOR REST OF YEAR, DEMAND FOR FRESH FIBRE PAPERBOARDS IS
EXPECTED
TO BE AFFECTED BY SEASONAL SLOWDOWN IN DECEMBER
    * IN CHINA, PULP DELIVERIES DECREASED SIGNIFICANTLY
    * DELIVERY VOLUMES OF METSÄ BOARD'S FRESH FIBRE PAPERBOARDS
INCREASED SLIGHTLY FROM PREVIOUS QUARTER
    * COMPARABLE OPERATING RESULT IN OCTOBER-DECEMBER 2024 IS
EXPECTED
TO BE WEAKER THAN IN JULY-SEPTEMBER 2024
    * FOR REST OF YEAR, DEMAND FOR FRESH FIBRE PAPERBOARDS IS
EXPECTED
TO BE AFFECTED BY SEASONAL SLOWDOWN IN DECEMBER.
    * DEMAND GROWTH HAS BEEN SOMEWHAT SLOWER THAN EXPECTED
    * PAPERBOARD DELIVERY VOLUMES ARE EXPECTED TO DECREASE
SLIGHTLY IN
OCTOBER-DECEMBER COMPARED TO PREVIOUS QUARTER
    * SALES PRICES IN LOCAL CURRENCIES ARE EXPECTED TO REMAIN
STABLE
    * TOTAL COSTS EXCLUDING PULP COSTS ARE ESTIMATED TO INCREASE

Source text for Eikon:  ID:nWkrb25SP7 
Further company coverage:  METSB.HE 

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