Brief: Metsa Board Sees Q3 Comparable Operating Result To Improve From Q2

Metsa Board Oyj

01/08/2024 10:16

Aug 1 (Reuters) - Metsa Board Oyj  METSB.HE :
    * NEAR TERM OUTLOOK: METSÄ BOARD'S COMPARABLE OPERATING
RESULT IN
JULY- SEPTEMBER 2024 IS EXPECTED TO IMPROVE FROM APRIL-JUNE 2024
(4-6/2024: EUR -0.8 MLN).
    * Q2 DEMAND AND PRICE SITUATION FOR METSÄ BOARD'S FRESH
FIBRE
PAPERBOARDS REMAINED STABLE COMPARED TO PREVIOUS QUARTER
    * Q2 DELIVERY VOLUMES INCREASED SLIGHTLY
    * Q2 SALES EUR 509.8 MLN VERSUS VARA CONSENSUS EUR 505.5 MLN
    * NEAR TERM OUTLOOK: DEMAND SITUATION FOR FRESH FIBRE
PAPERBOARDS
IS EXPECTED TO REMAIN STABLE IN Q3
    * NEAR TERM OUTLOOK: DELIVERY VOLUMES ARE EXPECTED TO
INCREASE
SLIGHTLY IN JULY-SEPTEMBER COMPARED TO PREVIOUS QUARTER
(4-6/2024: 377,000 TONNES)
    * NEAR TERM OUTLOOK: TOTAL COSTS, EXCLUDING PULP COSTS, ARE
EXPECTED TO REMAIN STABLE
    * NEAR TERM OUTLOOK: TOTAL DEMAND FOR SOFTWOOD MARKET PULP
IS
EXPECTED TO REMAIN STABLE IN EUROPE AND NORTH AMERICA.
    * NEAR TERM OUTLOOK: IN CHINA, DEMAND FOR MARKET PULP
REMAINS WEAK
    * NEAR TERM OUTLOOK: DEMAND AND PRICE SITUATION FOR SAWN
TIMBER IS
EXPECTED TO REMAIN AT ITS CURRENT LEVEL
    * Q2 COMPARABLE OPERATING RESULT WAS EUR -0.8 MLN (27.3)
    * NEAR TERM OUTLOOK: MORE ANNUAL MAINTENANCE SHUTDOWNS WILL
TAKE
PLACE AT MILLS IN JULY-SEPTEMBER THAN IN PREVIOUS QUARTER
    * FIRST HALF OF YEAR WAS OVERSHADOWED BY SEVERAL SETBACKS
UNRELATED TO METSÄ BOARD

Source text for Eikon:  ID:nWkr7Jv64X 
Further company coverage:  METSB.HE 

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