Metsä Board’s Capital Markets Day 2018: Profitability guides future growth – financial targets remain unchanged
Metsä Board Corporation Investor News 14.11.2018
Metsä Board is hosting its Capital Markets Day in London today. The main presentations are available online as a live webcast, which can be followed from 12:30 pm UK time and afterwards through this link. It is possible to send questions to the management during the live webcast. The programme of the Capital Markets Day and presentation materials are available on Metsä Board’s website at www.metsaboard.com/investors and are attached to this release.
Metsä Board’s CEO Mika Joukio:
“Metsä Board is a pure-play paperboard company with solid performance in profitability and a strong market position. We are the market leader in lightweight, high-quality fresh fibre paperboards, where demand is driven by strong market trends, such as urbanisation, sustainability, product safety and the growth in e-commerce. Together with brand-owners, we develop more efficient and environmentally friendly packages and use the potential of lightweight paperboards in an innovative way. High availability of the main raw material, northern wood, and self-sufficiency in pulp provide a solid foundation for Metsä Board’s development in the future.”
“Our profitability is based on cost efficiency and healthy sales prices, driven by high-quality pulps and unique technical know-how. During recent years, we have grown clearly above the average market growth level. In the medium term, we are continuing to allocate our capital to moderate growth, taking into account the prevailing market environment. Our decision-making is based on our profitability targets and aims to create the highest possible shareholder value. We want to distribute competitive dividends to our shareholders and maintain our strong financial position. Our long-term financial targets remain unchanged.”
“Our previous growth investment in the Husum mill in Sweden has increased our paperboard capacity significantly. In folding boxboard, we are continuing our measures to improve the average sales price. We estimate that the positive impact on profitability from the Husum integrated mill will be over EUR 100 million between 2016 and 2019.”
METSÄ BOARD CORPORATION
Katri Sundström, VP, 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.