April–June 2024 (4–6/2023)
*Sales were EUR 1,480 million (1,481).
*Operating result was EUR -12 million (127). Comparable operating result was EUR -13 million (104).
*Result before taxes was EUR -26 million (119). Comparable result before taxes was EUR -27 million (98).
*Comparable return on capital employed was -0.3% (5.9).
*Net cash flow from operations was EUR -114 million (-19).
Events during the second quarter of 2024
*The average sales prices of Metsä Group’s long-fibre pulp increased from the previous quarter in Europe and China.
*Demand for softwood market pulp has been strong in Europe and North America. In China, purchasing activity weakened in market pulp.
*The demand for and prices of Metsä Group’s paperboards remained stable compared to the previous quarter. Delivery volumes increased slightly.
*The Kemi bioproduct mill returned online in June after the damage resulting from the gas explosion at the evaporation plant had been repaired.
*In April, Metsä Board made an investment decision on the renewal of the Simpele board machine.
*On 13 May 2024, Metsä Group completed a transaction with which the ownership of the Group’s Russian subsidiaries were transferred to the VLP Group. In 2022, Metsä Group discontinued its business operations in Russia, including the Metsä Svir sawmill, wood supply and paperboard sales. After the transaction was completed in May, the Group no longer owns anything in Russia. The transaction had a total impact of EUR 13.8 million on the operating result of financial reporting period.
details at: https://www.metsagroup.com/news-and-publications/news/2024/metsa-groups-comparable-operating-result-in-januaryjune-2024-was-eur-57-million/