Metsä Group’s comparable operating result in January–September 2018 was EUR 641 million

January–September 2018 (1–9/2017)
•Sales were EUR 4,290 million (3,712).
•Operating result was EUR 635 million (397). Comparable operating result was EUR 641 million (381).
•Result before tax was EUR 576 million (345). Comparable result before tax was EUR 582 million (330).
•Comparable return on capital employed was 17.1% (11.2).
•Cash flow from operations was EUR 591 million (611).

July–September 2018 (7–9/2017)
•Sales were EUR 1,386 million (1,260).
•Operating result was EUR 223 million (143). Comparable operating result was EUR 223 million (134).
•Result before tax was EUR 208 million (109). Comparable result before tax was EUR 208 million (100).
•Comparable return on capital employed was 18.3% (10.8).
•Cash flow from operations was EUR 314 million (420).

President and CEO Ilkka Hämälä: “Strong demand for our products continued in the third quarter. The prices of different product groups remained stable or rose slightly. The market situation, combined with the high sales volume enabled by our development investments, led to an excellent financial result.

In terms of the Group’s development path, we completed our birch plywood investments in Äänekoski and Pärnu, and immediately after the review period, we decided on a new industrial demo plant to produce wood-based textile fibres to be built at Äänekoski. We are continuing the LVL mill investment at Punkaharju and exploring development options for our pulp mill in Kemi.

Converting Finnish wood into diverse carbon-storing products and the combined development of forest management services that support the sustainable growth of forests represent Metsä Group’s actions to combat climate change.”
more detail at: https://www.metsagroup.com/en/media/all-news/Pages/News.aspx?EncryptedId=C45B1FF948965A9B&Title=MetsaGroupscomparableoperatingresultinJanuarySeptember2018wasEUR641million

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