Finland's Metsa Board Q2 revenue falls
Finland's Metsa Board Q2 revenue falls
Overview
Finland folding boxboard producer's Q2 revenue declined yr/yr, comparable operating result turned positive
Company's results supported by higher paperboard volumes and cost-saving measures
Net cash flow from operations improved, reflecting strengthened working capital management
Outlook
Company expects paperboard delivery volumes to remain at Q2 level in the July-September qtr 2026
Cash flow from operations expected to remain at Q2 level in July-September 2026
Extensive shutdown at Husum mill will significantly negative impact on Q3 operating result
Result Drivers
PAPERBOARD DEMAND - Co said stronger demand and higher delivery volumes in Consumer and Retail Packaging businesses supported results
EFFICIENCY MEASURES - Transformation programme delivered cost savings and improved EBITDA, per CEO Kaikkonen
LOGISTICS COSTS - Higher oil prices due to conflict in Iran increased logistics costs, broadly in line with earlier expectations
Company press release: ID:nWkrbY2sxK
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| EUR 431.9 mln |
|
Q2 Loss Per Share |
| EUR 0.02 |
|
Q2 Net Loss |
| EUR 5.6 mln |
|
Q2 EBITDA |
| EUR 26.9 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the paper packaging peer group is "buy."
Wall Street's median 12-month price target for Metsa Board Oyj is €3.05, about 3% above its August 5 closing price of €2.96
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 49 three months ago
Reuters Recommended Reads
Aug 4 - Graphic Packaging Q2 adjusted EPS beats estimates, lowers outlook
Aug 6 - Sweden's Rottneros Q2 EBITDA turns positive on lower costs, net loss narrows
Aug 5 - Stronger real dents pulpmaker Klabin's earnings despite resilient demand
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)