Metsä Group raises its result guidance for the fourth quarter of 2018
Metsä Group Stock Exchange Release, 13 December 2017 at 10.01 EET
Metsä Group raises its result guidance for the fourth quarter of 2017, which was announced in the interim report for January - September 2017.
The previous guidance was: Metsä Group’s comparable operating result is in the fourth quarter of 2017 expected to be to be roughly at the same level as in the third quarter of 2017.
The new guidance is: Metsä Group’s comparable operating result is in the fourth quarter of 2017 expected to improve from the third quarter of 2017.
Metsä Group’s comparable operating result was EUR 134 million in the third quarter of 2017.
The change in result guidance is due to the better than forecast long fibre pulp market situation and price development as well as the higher than expected production volumes of the Äänekoski bioproduct mill.
For further information, please contact:
Vesa-Pekka Takala, CFO, Metsä Group, and Deputy Managing Director of Metsäliitto Cooperative, tel. +358 10 465 4260
Juha Laine, SVP, Communications, Metsä Group, tel. +358 10 465 4541
Metsä Group is a forerunner in sustainable bioeconomy utilising renewable wood from sustainably managed northern forests. Metsä Group focuses on wood supply and forest services, wood products, pulp, fresh fibre paperboards and tissue and cooking papers.
Metsä Group’s sales totalled EUR 4.7 billion in 2016, and it employs approximately 9,300 people. The Group operates in some 30 countries. Metsäliitto Cooperative is the parent company of Metsä Group and is owned by approximately 104,000 Finnish forest owners.