Metsä Group’s comparable operating result in January–March 2018 was EUR 208 million

President and CEO Ilkka Hämälä: “Metsä Group’s profit-making ability improved considerably during the first quarter of 2018 compared to the corresponding period in the previous year. The biggest factors behind the improved result were the positive development in pulp prices and the improved performance of the paperboard business. Production at the Äänekoski bioproduct mill has developed in line with the planned start-up curve. The capacity utilisation rate of Husum’s folding boxboard machine has also risen close to the target.

The investment programme of the Wood Products Industry has progressed to the normal production phase at Lohja Kerto mill. The start-up of equipment at the veneer mill in Äänekoski and at the birch plywood mill under construction in Pärnu has begun as planned. The construction work for the new Kerto production line at Punkaharju mill, for which the investment decision was made at the end of 2017, has begun.

Our Tissue and Cooking Paper Industry has several ongoing investments in processing lines aiming to improve the product portfolio and internal efficiency. The investment in increasing capacity for cooking papers at the Düren mill is progressing towards start-up in the third quarter, according to schedule.

Global economic growth is supporting demand for our products in all our business areas. The economic growth has been accompanied by cost inflation. Improving the cost-effectiveness of the Group, as well as Finland’s national competitiveness, is crucially important for our future success. It is particularly important to remember this during the current positive economic cycle.”

January–March 2018 (1–3/2017)
*Sales were EUR 1,428 million (1–3/2017: EUR 1,216 million).
*Operating result was EUR 208 million (131). Comparable operating result was EUR 208 million (128).
*Result before tax was EUR 185 million (130). Comparable result before tax was EUR 185 million (126).
*Comparable return on capital employed was 16.6% (12.5).
*Cash flow from operations was EUR 34 million (-1).
more detail at: https://www.metsagroup.com/en/media/all-news/Pages/News.aspx?EncryptedId=41DECCACACADA28E&Title=MetsaGroupscomparableoperatingresultinJanuaryMarch2018wasEUR208million

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