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

Waddington Europe Starts to Localize ‘Closed Loop’ Packaging in Ireland

Leading European thermoforming packaging specialist Waddington® Europe, a division of Novolex®, has teamed up with Shabra, Ireland’s leading recycler and reprocessor of post-consumer waste (PCW), to purchase food-grade recycled PET (rPET) sourced from bottles, pots, tubs and trays to manufacture new rPET food packaging products at its Arklow production site. Not only does the agreement help to further secure Waddington Europe’s long-term source of rPET, but it also enables the company to expand its line of Eco Blend® products made with post-consumer recycled content sourced domestically in Ireland back into the Irish market. “Collectively, we hope these new agreements will advance our stake in localized plastics circularity in the Irish market,” said Eduardo Gomes, Managing Director of Waddington Europe. “We need to start moving to a more holistic and long-term view when it comes to the lifecycle and environmental impact of food-grade packaging. It’s just as important to consider the carbon footprint at its start of life as the environmental impact at the end of its life.”

Sonoco-Alcore to Increase Tube & Core Prices in the EMEA Region

Sonoco-Alcore S.a.r.l. announces that due to continued inflationary pressure on the business it will raise prices by 70EUR/ton or 60 GBP/ton for the UK on all tube and core grades sold in the Company’s EMEA regions. The increase is in direct response to the continued escalation of its cost base and will be effective for all shipments made on or after September 1, 2022. “We continue to experience further cost increases in all sectors of our operations and supply chain, mainly related to volatile gas and electricity prices raising to record high levels. We are again forced to pass on cost increases to the market, as we are unable to absorb them any further. Supply security and quality remains our primary focus. No shortages are currently foreseen but we need to cover our cost to maintain our operational status,” said Karsten Kemmerling, Division VP - Sales & Marketing EMEA. Sonoco Alcore S.a.r.l. is wholly owned by Sonoco (NYSE:SON) and operates 24 tube and core plants and five paperboard mills in Europe.

7 Brands That Are Using Sustainable Packaging to Boost Social Sharing — and Social Good

E-commerce sales jumped a whopping 49 percent in April in response to COVID-19, and since then, online retailers have been scrambling to keep up with the increased demand in shipments. In addition to using more boxes or bags, there is also more in-the-box protection used to make sure the package contents make it safely to its destination. If the materials are not properly disposed of, this additional packaging may lead to a rise in consumer waste. In spite of all this increased consumption, online shoppers still care about the environmental impact of their purchases. In a recent survey, 83 percent of consumers said they considered the environment at the checkout screen, including the excessive waste it might be generating, and the increase in their carbon footprint. In that same study, 78 percent of respondents said that companies could be doing more to mitigate packaging waste. More and more brands are becoming conscious about their impact on the environment. Eco-friendly products in fashion, personal care, and other sectors have been popular for years. But now those same values are being extended to their packaging and fulfillment strategies, and mainstream companies are joining them. Here are 7 brands using sustainable packaging to make a lasting impact on consumers: click read more below
Back To Top
×Close search
Search