Metsä Group’s comparable operating result in the third quarter of 2020 better than expected
METSÄ GROUP STOCK EXCHANGE RELEASE 9 October 2020
On 30 July 2020 in connection to the announcement of Metsä Group’s January-June 2020 results it was estimated that the comparable operating result will weaken in the third quarter of 2020 from the EUR 96 million in the second quarter.
Mainly due to better than expected profitability in paperboard and pulp businesses Metsä Group’s comparable operating result was in the third quarter of 2020 better than in the second quarter.
Based on preliminary unaudited information the comparable operating result was approximately EUR 115 million in the third quarter of 2020.
Metsä Group will publish the January-September 2020 interim report on 29 October 2020.
For further information, please contact:
Vesa-Pekka Takala, EVP, CFO Metsä Group, 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 greaseproof papers.
In 2019, Metsä Group’s sales totalled EUR 5.5 billion, and it employs approximately 9,300 people. Metsäliitto Cooperative is the parent company of Metsä Group and is owned by approximately 100,000 Finnish forest owners.