Metsä Group’s comparable operating result in January–June 2020 was EUR 158 million

January–June 2020 (​​​​1–6/2019)
•Sales were EUR 2,453 million (2,809).
•Operating result was EUR 163 million (232). Comparable operating result was EUR 158 million (308).
•Result before taxes was EUR 139 million (202). The comparable result before taxes was EUR 134 million (279).
•Comparable return on capital employed was 6.2% (12.1).
•Cash flow from operations was EUR 240 million (183).

April–June 2020 (4–6/2019)
•Sales were EUR 1,200 million (1,372).
•Operating result was EUR 102 million (49). Comparable operating result was EUR 96 million (128).
•Result before taxes was EUR 93 million (36). The comparable result before taxes was EUR 86 million (115).
•Comparable return on capital employed was 7.6% (10.2).
•Cash flow from operations was EUR 190 million (142).

President and CEO Ilkka Hämälä: “As anticipated, Metsä Group’s result improved sequentially in the second quarter of 2020. In the first quarter, the lengthy strikes which impacted all of our business areas impaired our profit-making ability. During the second quarter, the COVID-19 epidemic developed into a pandemic, which affected demand for products in our business areas in very different ways.

Due to the exceptional situation, demand was higher than normal for Metsä Tissue’s tissue papers sold in the consumer market. Demand for Metsä Board’s paperboards increased particularly because of growth in food packaging. The situation for Metsä Fibre’s pulp business was unchanged, and prices remained low. The stronger demand for pulp mainly resulted from growth in global demand for tissue paper. Correspondingly, the decline in demand for printing papers by around 25% considerably weakened the pulp market. Concerning Metsä Fibre’s sawn timber and Metsä Wood’s plywood and LVL products, the closing of societies had an impact at the beginning of the quarter, with sales decreasing. However, the situation began to normalise towards the end of the quarter. Nevertheless, the price level of mechanical forest industry products remained low. Metsä Group’s pulp, paperboard and tissue paper businesses have been able to maintain full production rate. Production at our mechanical forest industry mills has been restricted primarily through holiday arrangements.
https://www.metsagroup.com/en/media/all-news/Pages/News.aspx?EncryptedId=936A70A9C1564FC6&Title=MetsaGroupscomparableoperatingresultinJanuaryJune2020wasEUR158million

Related Posts

Mondi Gronau starts production of more than one million medical face masks per day in Germany

Mondi has started up new production lines for melt-blown nonwoven fabric and medical face masks at its site in Gronau, Germany to mitigate the spread of COVID-19. Mondi Gronau has over 50 years of experience in the production and processing of films, nonwovens and elastic components for hygiene products. Last year Mondi announced it would start up production lines to produce both the important base material, melt-blown nonwoven fabric, as well as the medical face mask themselves. With the new lines, Mondi is building up a local value chain in Germany to address the needs of the pandemic. The fully integrated production with two highly automated high-speed machines allows the output of 700 high-quality medical face masks per minute. This is approximately seven times higher than the standard face mask production line and will produce at least one million medical grade masks a day. The masks are certified as a medical product by the German Johner Institute as well as meeting the German standards OEKO-TEX and Dermatest.

Euro-Graph Publishes Monthly Statistics of the European Graphic Papers Industry

Total European shipments of graphic papers in July 2020 were down 26.4% vs. July 2019 and are down 20.0% year-to-date. Total European shipments of newsprint in July 2020 were down 23.7% vs. July 2019 and are down 17.0% year-to-date. Total European shipments of sc-magazine in July 2020 were down 23.4% vs. July 2019 and are down 19.9% year-to-date. Total European shipments of coated mechanical reels in July 2020 were down 38.5% vs. July 2019 and are down 27.8% year-to-date. Total European shipments of uncoated mechanical (improved & others) in July 2020 were down 16.6% vs. July 2019 and are down 9.3% year-to-date. Total European shipments of coated woodfree in July 2020 were down 36.6% vs. July 2019 and are down 26.0% year-to-date. Total European shipments of uncoated woodfree in July 2020 were down 17.1% vs. July 2019 and are down 15.5% year-to-date.

International Paper Price Increase Announcement

Effective with shipments October 11, 2017, International Paper will increase prices by $2/cwt on the following products: * Williamsburg: Offset Rolls & Return Postcard Rolls; * Postmark® White Wove Envelope; * DataSpeed® Laser MOCR; * Office Papers: All Private Label + Generic White Box + Relay. This increase applies to virgin, recycled and treated products. All standard upcharges will continue to apply.
Back To Top
×Close search
Search