January–September 2021 (1–9/2020)
•Sales were EUR 4,457 million (3,698).
•Operating result was EUR 652 million (279). Comparable operating result was EUR 694 million (274).
•Result before taxes was EUR 616 million (242). Comparable result before taxes was EUR 658 million (236).
•Comparable return on capital employed was 16.4% (7.0).
•Net cash flow from operations was EUR 596 million (361).
July–September 2021 (7–9/2020)
•Sales were EUR 1,515 million (1,245).
•Operating result was EUR 273 million (116). Comparable operating result was EUR 278 million (115).
•Result before taxes was EUR 263 million (103). Comparable result before taxes was EUR 267 million (102).
•Comparable return on capital employed was 18.8% (8.8).
•Net cash flow from operations was EUR 222 million (158).
President and CEO Ilkka Hämälä:
“According to expectations, Metsä Group’s third quarter in 2021 proved to be excellent. The good demand in the pulp business and for mechanical wood products which characterised the first half of the year continued. The price of pulp declined in the Chinese market, while prices in Europe remained stable. Demand for folding boxboard and linerboard continued to be very strong, supporting a rising trend in prices. Demand for tissue paper continued to be weaker than usual, and price increases in raw materials and energy burdened Metsä Tissue’s result.
The ongoing investment projects are progressing according to plan and on schedule. Price increases in construction materials and steel have had an impact, especially on the cost estimate of the Kemi bioproduct mill. The planning of the Mariestad tissue paper mill and the development plan for the mechanical forest industry to be implemented in the Äänekoski mill site are progressing. Their environmental permit processes are expected to be completed during 2022. The investment increasing the capacity of Husum’s folding boxboard machine by 200,000 tonnes is underway. When completed, the machine will be the most efficient in Europe in its field.
Metsä Spring continues its work to create new forest industry business opportunities. Metsä Spring’s biggest projects are the demo plant for textile fibres operating in Äänekoski, and the demo plant for 3D fibre packaging, which will be completed during the second half of this year, also in Äänekoski.”
details at:https://www.metsagroup.com/en/media/all-news/Pages/News.aspx?EncryptedId=05CB31F49508F479&Title=MetsaGroupscomparableoperatingresultinJanuarySeptember2021wasEUR694million