Due to suspected information security breach Metsä Board Corporation announces preliminary information on sales and profitability in the fourth quarter of 2017.
In the fourth quarter of 2017, sales were approximately EUR 451 million, comparable operating result was approximately EUR 54 million and earnings per share were approximately EUR 0.12. Figures are based on preliminary unaudited information.
Metsä Board Corporation will publish its 2017 Financial statements bulletin on 8 February 2018.
https://www.metsaboard.com/Media/Stock-Exchange-and-Press-Releases/Pages/Release.aspx?EncryptedId=90AD05D5730BEB20&Title=PreliminaryinformationonMetsaBoardssalesandprofitabilityinthefourthquarterof2017
Related Posts
Paper Ltd. is pleased to announce that the Fortress Specialty Cellulose Mill (the "FSC Mill") restarted on October 6, 2017, three days earlier than previously announced in its September 27, 2017 news release. The Company has completed the necessary repairs at the FSC Mill caused by the failure of a pressurized auxiliary gas collection system and has re-commenced production of dissolving pulp. Mr. Giovanni Iadeluca, President of the FSC Mill, commented: "We wish to thank our team at the FSC Mill for their tireless efforts in resolving the system failure and achieving a restart three days earlier than originally anticipated. The FSC Mill restarted the normal ramp up of its operations on October 6th, the production and cogeneration facility are now operating in ordinary course.” Click Read More below for additional detail.
The Kotkamills group has been producing Saturating Base Kraft (laminating papers) in Tainionkoski, Imatra on Paper Machine 7 (PM 7) leased from Stora Enso Oyj since the separation of Kotkamills from Stora Enso in 2010. The operations are part of the Group’s Industrial Products segment. Stora Enso Oyj has notified Kotkamills Oy that the leasing agreement concerning Tainionkoski PM7 will be terminated in accordance with its terms to expire at the end of 2018. Click Read More below for additional detail.
Average input costs were stable sequentially and cost control was strong across the business. Currency movements had a net negative impact on underlying EBITDA compared to the second quarter, driven by a weaker US dollar, impacting a number of the Group's globally traded products, coupled with a weaker Russian rouble and Turkish lira. Given prevailing exchange rates, we anticipate a further net negative currency impact in the fourth quarter. During the quarter, planned maintenance shuts with an estimated impact on underlying EBITDA of around €35 million (2019: €40 million) were carried out successfully. Based on prevailing market prices, we continue to estimate that the impact of planned mill maintenance shuts on underlying EBITDA for 2020 will be around €100 million (2019: €150 million), with the fourth quarter impact expected to be around €55 million (2019: €30 million). Our major capital investment projects are progressing according to plan. The €67 million capital investment project to convert a containerboard machine at Štětí (Czech Republic) to become fully dedicated to the production of speciality kraft paper for shopping bag applications is scheduled to be commissioned during the fourth quarter. This additional capacity (75,000 tonnes) further supports our retail customers in their efforts to replace unnecessary plastic as they transition to more sustainable packaging solutions that contribute to the circular economy.