Metsä Board issues Q1 2023 profit warning

Finland’s Metsä Group said that, as anticipated, its results in the first quarter of 2023 were weaker than in the prior-year period but “can still be considered excellent.” Metsä Wood and Metsä Tissue booked record high quarterly earnings, while Metsä Board’s cartonboard business performed in line with expectations,...

The post-pandemic economic recovery and strong demand for many products well into the second half of the year influenced the market in Metsä-Group’s 2022 financial year. At the same time, the company’s businesses encountered significant challenges, with raw materials and energy becoming increasingly scarce and...

Most business divisions of Finnish Metsä group could more than compensate the cost surge that the pulp and paper industry faced in the first nine months of the current business year by raising selling prices. This move yielded the group significantly higher profits for the third quarter as well as for the first three...