Metsä Group’s Kemi mills are getting ready for a maintenance and connection shutdown to prepare for the deployment of the largest ever investment of the forest industry in Finland – the new bioproduct mill and paperboard mill expansion in Kemi. The shutdown will begin on Sunday, 10 September 2023, and the aim is to start up the mills on 20 September 2023. During shutdown, odours may occur, and there may be temporary traffic congestion around the mill area, especially at the beginning of the week starting on 11 September. Odours may also occur before the shutdown due to preparations for the bioproduct mill's start-up.
*Net sales of $1.4 billion, flat as reported; up 5% constant currency
*Net earnings of $133 million, up 23%
*Adjusted EBITDA of $293 million, up 8% as reported; up 12% constant currency
*Earnings per share (Diluted) of $0.91, up 28%
*Adjusted Earnings per share (Diluted) of $0.98, up 14% as reported; up 19% constant currency
*Cash flow from operations (year to date) of $321 million, down 15%
*Accelerating growth investments – CapEx of $184 million, up 19%, in 2022
“We delivered an 8% increase in Adjusted EBITDA in the quarter, despite continued cost inflation, foreign currency headwinds and slowing demand. Our SEE Operating Engine is powering through these challenging times.
We are creating value for our customers through Automation, Digital and Sustainable solutions. We are making bold investments in people, technology and our business, as we accelerate SEE’s journey to world-class performance,” said Ted Doheny, SEE’s President and CEO.
details at: https://ir.sealedair.com/news-releases/news-release-details/see-reports-q3-2022-results