Metsä Board raises its result guidance for January–March 2018
Metsä Board Corporation Stock Exchange Release 16.3.2018 at 9.15 am EET
Metsä Board is raising its result guidance for the first quarter of 2018, which was announced in Metsä Board’s 2017 financial statements bulletin.
The previous guidance was: Metsä Board’s comparable operating result in the first quarter of 2018 is expected to improve slightly compared to the fourth quarter of 2017. Metsä Board’s comparable operating result in the fourth quarter of 2017 was EUR 54.4 million.
The new guidance is: Metsä Board’s comparable operating result in the first quarter of 2018 is expected to improve compared to the fourth quarter of 2017.
The pulp market has remained strong in the beginning of 2018, and the market price of long-fibre pulp, which impacts on Metsä Board’s result, has continued to rise. In addition, the paperboard market has been strong and the level of operational efficiency of the mills has been high.
There are no major maintenance shutdowns during the first quarter, which has a clear positive impact on the result compared to other quarters.
METSÄ BOARD CORPORATION
Jussi Noponen, CFO, tel. +358 10 465 4913
Katri Sundström, Head of Investor Relations, tel. +358 400 976 333
Metsä Board is a leading European producer of premium fresh fibre paperboards including folding boxboards, food service boards and white kraftliners. Our lightweight paperboards are developed to provide better, safer and more sustainable solutions for consumer goods as well as retail-ready and food service applications. We work together with our customers on a global scale to innovate solutions for better consumer experiences with less environmental impact. The pure fresh fibres Metsä Board uses are a renewable resource, traceable to origin in sustainably managed northern forests.The global sales network of Metsä Board supports customers worldwide, including brand owners, retailers, converters and merchants. In 2017, the company’s sales totalled EUR 1.8 billion, and it has approximately 2,350 employees. Metsä Board, part of Metsä Group, is listed on the Nasdaq Helsinki.
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