Metsa Board rises on Q1 profit beat

Metsa Board Oyj

25/04/2024 10:47

** Shares in Metsa Board  METSB.HE  are up 2.7% after the
Finnish forestry company reported its Q1 print that beat market
estimates
    ** Its Q1 adjusted EBIT came to EUR 31.5 million  ($33.78
million), above the IBES estimate of EUR 24.6 million
    ** It reported a first quarter revenue of EUR 483.7 million,
also beating the IBES estimate of EUR 471.8 million
    ** Metsa Board gave result guidance for the April-June
quarter and said the comparable operating result in April-June
2024 is expected to be weaker than in January-March 2024
    ** The company estimated that the political strikes in
Finland caused profit losses of roughly EUR 25 million, around
half of which were allocated to the first quarter
    ** Metsa Board is among top performers of the Helsinki
blue-chip index  .OMXH25  


($1 = 0.9324 euros)

 (Reporting by Elviira Luoma)
 ((Elviira.luoma@thomsonreuters.com))