Metsä Board’s comparable operating result in 2023 January–June was EUR 116 million

January–June 2023 (compared to 1–6/2022)
*Sales were EUR 1,040.2 million (1,232.5).
*The comparable operating result was EUR 116.0 million 267.4), or 11.2% of sales (21.7). Operating result was EUR 117.9 million (283.3).
*Comparable earnings per share were EUR 0.24 (0.57), and earnings per share were EUR 0.25 (0.61).
*Comparable return on capital employed was 9.3 % (23.0).
*Net cash flow from operations was EUR 142.0 million (95.3).

April–June 2023 (compared to 4–6/2022)
*Sales were EUR 498.2 million (650.5).
*The comparable operating result was EUR 27.3 million (145.9), or 5.5% (22.4) of sales. Operating result was EUR 29.5 million (142.6).
*Comparable earnings per share were EUR 0.05 (0.31), and earnings per share were EUR 0.06 (0.30).
*Comparable return on capital employed was 4.6% (25.0).
*Net cash flow from operations was EUR 15.6 million (2.7).

The average price of Metsä Board’s paperboards remained stable compared with the previous quarter and improved clearly compared to the corresponding period last year.

The demand for fresh fibre paperboards declined due to the decreasing demand for consumer products and the adjustments made to inventories in the value chain.

Metsä Board strongly adjusted its paperboard, pulp and BCTMP production to match demand. Production volumes were clearly below capacity levels. The associated company Metsä Fibre also adjusted its pulp production.

The global market situation for pulp weakened. In Europe, the demand for pulp has quickly decreased following the production curtailments imposed on paperboard and especially on paper. The market prices for pulp (PIX) decreased from the previous quarter in both Europe and China.

On 17 May 2023, Metsä Board initiated change negotiations on possible temporary layoffs at all its mills in Finland.

Metsä Board achieved the highest level, Platinum, in Ecovadis’s sustainability evaluation.
details at: https://www.metsagroup.com/metsaboard/news-and-publications/news/2023/metsa-boards-comparable-operating-result-in-2023-januaryjune-was-eur-116-million/

Related Posts

Amcor reports Third Quarter 2024 Year to Date Results

YTD Highlights - Nine Months Ended March 31, 2024 • Net sales of $10,105 million; • GAAP Net income of $473 million; GAAP diluted earnings per share (EPS) of 32.7 cps; • Strong cash returns to shareholders: Quarterly dividend increased to 12.5 cents per share and $30 million of shares repurchased; and

Solenis Collaborates with Pulpex to Scale Eco-friendly, PET-free Paper Bottle

Solenis, a leading global producer of specialty chemicals, is joining forces with Pulpex Limited and its global consortium partners to collaborate on the ongoing evolution of the Pulpex eco-friendly paper bottle. Pulpex is a new world-leading sustainable packaging technology company established by venture management firm Pilot Lite and spirits producer Diageo. The company has developed the world’s first widely recyclable PET-free paper bottle made from sustainably sourced pulp. As a technology partner, Solenis will provide chemical solutions to optimize the PET-free paper bottle, including surface treatments to enhance its functional and visual properties. The Pulpex technology allows for embossing, debossing, labeling and direct printing with food-safe colored pigments and dyes to fit brand needs.

Smurfit Kappa helps rare football boots seller achieve sustainability goal

Smurfit Kappa has developed a new sustainable eCommerce packaging solution for RareBoots4u, a supplier of classic football boots to many well-known names in world football, including Karim Benzema, Bruno Fernandes and Mason Mount. RareBoots4u approached Smurfit Kappa to create a customised and sustainable packaging solution that had the flexibility to accommodate a wide variety of sizes of football boots alongside promoting its brand. The new RareBoots4u box creates a positive customer experience with its striking design and clean lines. It also enhances the company’s sustainability credentials as it uses a reduced amount of material and is recyclable, renewable and biodegradable.
Back To Top
×Close search
Search