Metsä Group’s comparable operating result in January–December 2022 was EUR 1,276 million

January–December 2022 (1–12/2021):
Sales were EUR 6,980 million (6,017).
Operating result was EUR 1,302 million (874). Comparable operating result was EUR 1,276 million (914).
Result before taxes was EUR 1,270 million (832). Comparable result before taxes was EUR 1,240 million (872).
Comparable return on capital employed was 19.5% (16.2).
Net cash flow from operations was EUR 1,227 million (1,023).

October–December 2022 (10–12/2021):
Sales were EUR 1,741 million (1,560).
Operating result was EUR 316 million (221). Comparable operating result was EUR 311 million (220).
Result before taxes was EUR 309 million (215). Comparable result before taxes was EUR 306 million (214).
Comparable return on capital employed was 18.0% (14.7).
Net cash flow from operations was EUR 399 million (427).

President and CEO Ilkka Hämälä:
For Metsä Group, 2022 was very strong in exceptional conditions. Metsä Wood, Metsä Fibre and Metsä Board, as currently structured, achieved record results. The year began with the global economy recovering from the disruptions caused by the pandemic. The demand for our products was strong in all our business areas, and the impacts of cost inflation, which had begun in 2021, were noticeable. Russia’s aggression against Ukraine, which turned into an unjustified full-scale war at the end of February, also required Metsä Group to quickly discontinue operations in Russia and secure the continuity of business operations in our other markets. The winding down of Russian operations had the greatest impact on wood supply. Overall, the changes significantly affected the wood markets in the Baltic Sea region. For Metsä Group, the end to birch pulpwood imports meant changes in the product structure. The limited availability of birch log wood used in the plywood industry led to production curtailments and the development of new softwood-based products. Metsä Board had been exporting around 100,000 tonnes of folding boxboard annually to Russia. The good market situation enabled this volume to be reallocated to other markets to help boost customer relationships there. The operations of our sawmill and wood supply companies in Russia were discontinued.

In 2022, the forest industry’s good economic situation boosted demand in all wood grades. The goal of reducing fossil fuel use in energy production, coupled with the high prices of emissions allowances, increased demand for energy wood. The use of roundwood for fuel surged, and increasing volumes of wood were also imported from Russia to match the need for energy wood. The end to Russian imports in the spring further aggravated the market situation. The European Union’s legislative initiatives, such as the proposed nature restoration regulation, create uncertainty in long-term wood supply. Our challenge in the coming years is to find a balance between the various expectations set for forests so that we can maintain vibrant forests that grow well, bind carbon from the atmosphere and produce renewable raw material for products that people need in their daily lives. At the same time, we need to improve the ecological status of commercial forests and develop also forest protection. As most Finnish species live in the forest, forestry measures are key to halting biodiversity loss. Metsä Group continues to develop its services for forest owners to promote both forest growth and biodiversity.
details at: https://www.metsagroup.com/news-and-publications/news/2023/metsa-groups-comparable-operating-result-in-januarydecember-2022-was-eur-1276-million/

Related Posts

BCI Hawkeye Division adds a Bobst VISIONCUT 1.6 PR autoplaten die-cutter with Power Register

In order to better serve our Customer’s needs, BCI Hawkeye completed in October the installation of a Bobst VISIONCUT 1.6 PR autoplaten die-cutter with Power Register, a state-of-the-art system for unmatched print-to-cut accuracy. This technology will support the growing need for precision die-cutting of micro flute, single wall, double wall, and litho-laminated corrugated board.

Verso Corporation reaches settlement with Canadian supercalendered paper producers

As part of a settlement entered into by Verso with two Canadian producers of supercalendered papers, Verso today requested that the U.S. Department of Commerce revoke its order imposing duties on supercalendered papers made by those Canadian producers and imported into the U.S. The SC paper tariffs were intended to offset the impact of Canadian subsidies paid to Canadian producers of SC paper in order to help U.S. producers who were injured by the subsidized imports. However, injurious Canadian SC imports continue to enter the United States even with the tariffs, and imports from other non-U.S. SC producers which are not subject to the tariffs have increased. These factors offset the benefits of the tariffs to Verso. If the Department of Commerce grants Verso’s request to revoke the tariffs, it could provide Verso with a meaningful amount of cash over time, which we will evaluate how to use to best benefit our company and make us an even healthier supplier. However, there is no assurance that the Department of Commerce will grant our request to revoke the tariffs or that such funds will be provided to Verso. Be assured that we continue to make supercalendered paper at the Duluth Mill. Verso’s decision to settle the trade case is unrelated to any decisions about potential changes to Verso’s production assets at the Duluth Mill or to the types of products we make there.

Brazil’s Suzano to buy controlling stake in Facepa paper factory

Brazil’s Suzano Papel e Celulos closed a deal to acquire a majority stake in Amazonian paper factory Facepa for 310 million reais ($95 million), the wood pulp and paper maker said on Monday in a securities filing. Suzano said it had agreed to buy 92.84 percent of total shares and 99.99 percent of common shares in the company, which manufactures paper towels, napkins, diapers and tissue in factories in Belem and Fortaleza with total capacity of 50,000 tonnes per year. The price is subject to adjustments, Suzano said in the filing.
Back To Top
×Close search
Search