January-March 2015 compared with January-March 2014 * Net sales EUR 271.8 million (EUR 249.2 million), showing an increase of 9.1%. * Operating profit excluding non-recurring items EUR 12.0 million (EUR 7.2 million). * Operating margin excluding non-recurring items 4.4% (2.9%). * Profit before taxes EUR 13.8 million (EUR 5.2 million), including a EUR 6 million capital gain booked from the sale of Munksjö Oyj shares. * Earnings per share EUR 0.17 (EUR 0.05).
The report featured revised data based on findings from the 59th Annual Capacity Survey released May 15. Containerboard production in April 2019 decreased 5.3 percent compared to April 2018 and was down 4.1 percent year-to-date. The average daily production compared to March 2019 was 3.1 percent higher.
The containerboard operating rate bounced back above 90 percent due to the high rate for medium (96.5 percent), while the liner operating rate was at 89.6 percent. In spite of the bounce back, the April operating rate was 6.2 points lower than the same month last year, and the year-to-date operating rate was down 5.8 points compared to last year. Production for export, most of which is liner, was down nearly 20 percent year-over-year and was also down 20.5 percent year-to-date.