Metsä Board Q3 returns to profit on higher prices, tariff refunds
Metsä Board Q3 returns to profit on higher prices, tariff refunds
Overview
Finland packaging board maker's Q3 revenue fell yr/yr, but returned to positive operating profit
Comparable operating result improved for fourth straight qtr, aided by higher prices, tariff refunds
Company expects Q4 cash flow and delivery volumes to decline, with higher energy costs ahead
Outlook
Metsa Board expects paperboard delivery volumes to decrease seasonally in Q4 2026
Company expects operating cash flow to decrease from Q3 2026
Earlier implemented price increases are expected to support profitability in Q4 2026
Result Drivers
PRICE INCREASES - Co said higher average prices for paperboard supported Q3 results
TARIFF REFUNDS - Co said tariff refunds offset high logistics costs and improved Q3 result
MAINTENANCE SHUTDOWNS - Co said major annual maintenance shutdowns and a long production shutdown at Husum reduced production volumes and had a negative impact on profitability
Company press release: ID:nWkrbjj9B
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue |
| EUR 402.30 mln |
|
Q3 Adjusted EPS |
| EUR 0.01 |
|
Q3 Loss Per Share |
| EUR 0.01 |
|
Q3 Net Loss |
| EUR 5.60 mln |
|
Q3 Adjusted EBIT |
| EUR 5.50 mln |
|
Q3 EBIT |
| EUR 1.10 mln |
|
Q3 EBITDA |
| EUR 25.60 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "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 €3.30, about 8.7% above its October 28 closing price of €3.04
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 30 three months ago
Reuters Recommended Reads
Oct 28 - Finland's UPM Kymmene misses Q3 revenue expectations on low deliveries and high costs
Oct 29 - Finland's Huhtamaki Q3 sales rise 5% on Flexible Packaging unit strength
Oct 28 - International Paper Q3 sales miss on softer demand
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)