Metsä Board’s comparable operating result in January–March 2024 was EUR 32 million

January–March 2024 (compared to 1–3/2023):
*Sales were EUR 483.7 million (542.1).
*The comparable operating result was EUR 31.5 million (88.7), or 6.5% of sales (16.4). Operating result was EUR 23.0 million (88.4).

Events in January–March 2024:
*Demand for Metsä Board’s fresh fibre paperboards picked up notably from the previous quarter. The average price of folding boxboard decreased.
*Demand for market pulp was boosted by paper and paperboard producers’ higher capacity utilisation rates in Europe. The average prices of market pulp improved, especially in Europe.

Metsä Board’s CEO Mika Joukio:
“We had a positive start to 2024, with demand for fresh fibre paperboards picking up notably. Demand for paperboards has been boosted by restocking in the value chain and the normalisation of market balance, especially in Europe. We expect the positive momentum to continue in the coming months.

Due to the trade unions’ political strikes in March, we were forced to stop production at all our Finnish mills, as raw material transports to mills were halted and port closures prevented customer deliveries. Depending on the mill, the production shutdowns lasted for 2–3 weeks, taking place in March–April. Naturally, this was an unfortunate setback, as order inflows had just picked up after prolonged weak demand. We estimate that the strikes caused us profit losses of roughly EUR 25 million, around half of which were allocated to the first quarter.
Details at: https://www.metsagroup.com/metsaboard/news-and-publications/news/2024/metsa-boards-comparable-operating-result-in-januarymarch-2024-was-eur-32-million/

Related Posts

Stora Enso inaugurates its new polyethylene coating plant at Beihai Mill in China

Around 170 guests attended the official inauguration of the new polyethylene (PE) coating plant at the consumer board mill in Beihai, China. Stora Enso has invested EUR 31 million in the PE coating plant, following its establishment in the Guangxi region in China as a response to increasing demand on the market. The plant has an annual capacity of 80 000 tonnes of PE coated products. PE coated board is suitable for products that require barrier against moisture, such as paper cups and food service packaging. Click Read More below for additional information.

Stora Enso and Tetra Pak join forces to triple the recycling capacity of beverage cartons in Poland

The two companies will partner to provide circular solutions to the market. The investment in a complete recycling solution is set to significantly improve recycling throughout Central and Eastern Europe. The partnership, that follows a comprehensive feasibility study, sees the introduction of a large-scale carton repulping line at Stora Enso’s Ostrołęka production unit in Poland. The line will triple the annual recycling capacity of used beverage cartons in Poland from 25 000 to 75 000 tonnes. This will allow recycling of the entire volume of beverage cartons sold in the country and the ones coming from neighbouring countries, including Hungary, Slovakia and the Czech Republic. The total investment is EUR 29.1 million. Stora Enso will invest EUR 17 million into a new repulping line that will recover the carton fibers. Tetra Pak along with Plastigram will invest a total of EUR 12.1 million to build an additional line. It will recover and separately recycle the polymers and the aluminium, using a patented separation technology. Both lines will be operational in the beginning of 2023.
Back To Top
×Close search
Search