Metsä Board’s comparable operating result in January–September 2020 was EUR 157 million

January–September 2020 (compared to 1–9/2019)
•Sales were EUR 1,416.4 million (1,453.4).
•Comparable operating result was EUR 156.7 million (145.3) or 11.1% (10.0%) of sales. Operating result was EUR 162.7 million (160.8).
•Comparable earnings per share were EUR 0.33 (0.32), and earnings per share were EUR 0.34 (0.36).
•Comparable return on capital employed was 11.8% ( 11.0%).
•Net cash flow from operations was EUR 226.7 million (110.9).

July–September 2020 (compared to 7–9/2019)
• Sales were EUR 471.2 million (489.2).
•Comparable operating result was EUR 62.5 million (42.5), or 13.3% (8.7%) of sales. Operating result was EUR 62.5 million (42.5).
•Comparable earnings per share were EUR 0.13 (0.09), and earnings per share were EUR 0.13 (0.09).
•Comparable return on capital employed was 14.3% (9.7%).
•Net cash flow from operations was EUR 74.4 million (43.8).

Metsä Board’s CEO Mika Joukio:
“The impacts of coronavirus pandemic on Metsä Board’s business operations has so far been smaller than expected. Good demand for food and pharmaceutical packaging as well as various packaging solutions in the retail sector has increased the sales of our fresh fibre paperboards in both Europe and North America. In January–September, the total delivery volumes of our paperboards were on a higher level than in the corresponding period last year. We have a good paperboard product portfolio, which has proven to be defensive in a pandemic situation. Further, our recyclable paperboards made from renewable wood fibre are ideal for sustainable packaging, which will support their demand in the future.

Our comparable operating result in July–September was EUR 62.5 million (7–9/2019: 42.5). Profitability was supported particularly by the lower production costs of paperboard, a reduction in fixed costs and a positive FX impact. The sales prices of market pulp were lower than in the corresponding period last year. In China, the market situation of pulp has picked up slightly over the past few months, while in Europe, the rapid decline in paper production continues to reduce demand for market pulp.

A number of planned annual maintenance shutdowns at our mills took place in the third quarter, the most significant being the annual maintenance shutdowns of the Kemi and Husum mill integrates. The maintenance works proceeded well, and the profit losses due to them remained at the lower end of the estimated range. This was a continuation of the good performance of our mills throughout the pandemic.
more detail at: https://www.metsaboard.com/Media/Stock-Exchange-and-Press-Releases/Pages/Release.aspx?EncryptedId=E1BE90C734FB3D30&Title=MetsaBoardscomparableoperatingresultinJanuarySeptember2020wasEUR157million

Related Posts

Sonoco ThermoSafe and LATAM Cargo Sign Global Master Lease Agreement

Sonoco ThermoSafe and LATAM Cargo, an international cargo airline with headquarters in Santiago de Chile, are pleased to announce a global lease agreement for the new Pegasus ULD® temperature-controlled bulk shipping container. The agreement enables pharmaceutical freight forwarders access to Pegasus ULD® containers directly from LATAM Cargo. Sonoco ThermoSafe’s Pegasus ULD® is the world’s first FAA and EASA-approved passive bulk temperature-controlled ULD container for pharmaceutical use, which enables it to speed through international air freight handling and customs processes at the lowest possible cost. With a focus on sustainability, the Pegasus ULD® is engineered with composite materials, offering a lighter solution that is also substantially more damage-resistant than traditional metal containers. Additionally, the Pegasus ULD® contains a fully integrated, FAA-approved telemetry system providing real-time, cloud-based data on payload and ambient temperature and key environmental factors, precisely synchronized with GPS location.

BillerudKorsnäs and Haver & Boecker are bundling their know-how to perfect packaging

In the world of bulk powdered goods such as building materials, chemicals and foodstuffs, different supply chains place differing demands on packaging. Additionally, the machinery used across the world to produce and fill the packaging consists of many different technologies, brands and models. This has resulted in the development and use of a variety of packaging solutions and processes. Therefore BillerudKorsnäs and Haver & Boecker, have developed a set of recommendations called the Sack Packaging Norms. Our employees at BillerudKorsnäs and Haver&Boecker, who are active all over the world, have noticed many repeated and unnecessary errors which result in packaging waste, product loss and environmental damage. Often, also, these errors are as a result of miscommunication or the use of different standards or practices. These errors are mostly easily fixed by applying some basic standard knowledge or practice. It was thought that the development of a ‘’common language’’ for the packaging value chain would be an effective way to ensure the elimination waste and efficient packaging performance around the world. “Globalization makes it essential to speak one language clearly and distinctly.

Ahlstrom-Munksjö launches PawPrint™, a full range of pet food packaging solutions

PawPrint™ Pet Food Packaging Papers offer sustainable alternatives for flexible pet food packaging needs. PawPrint™ papers provide pet food brand owners functional yet visually attractive pet food packaging – inside and out- to help them eliminate the need for single-use plastic with a more sustainable alternative. “The marketplace is constantly moving to more sustainable, recyclable and chemical-free options for packaging, including pet food packaging,” said Jeff Murphy, V¬ice President of Ahlstrom-Munksjö’s Food Packaging business. “Our FluoroFree® technology, in addition to our other continuous innovations, are best positioned to help brand owners meet these goals.”
Back To Top
×Close search
Search