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
The Koehler Paper Group has joined the 4evergreen alliance, thereby underlining its efforts to ensure sustainability and protect the environment. This forum was created by the Confederation of European Paper Industries (Cepi) with the aim of increasing the role played by fiber-based packaging in achieving a sustainable circular economy, while at the same time also minimizing the impact of packaging on our climate and environment. 4evergreen brings together the entire value chain and unites it behind a common goal: To increase the role of the bio-based economy within the packaging industry. The alliance is made up of paper manufacturers, food and drink brands like Nestlé and Danone, and companies within the packaging industry (including market leaders Tetra Pak and AR Packaging), but it also includes brands, retailers, and suppliers within the technological and material sectors, right up to those working in sorting and recycling.
Overview • Q1 2024 operating loss of $86 million; shareholder net loss of $65 million, or $0.54 per share • Sustained pressure on global lumber markets and pricing, especially for Southern Yellow Pine (“SYP”) • Solid earnings from Europe; US South results directly impacted by weak SYP lumber pricing; Western Canadian results remained challenging despite uplift in Western Spruce/Pine/Fir lumber pricing • Modest uptick in NBSK pulp unit sales realizations, 7% increase in pulp production quarter-over-quarter • Ongoing constraints accessing economically viable fibre in British Columbia impacting lumber and pulp operating rates in the near-term and through the balance of 2024
Twin Rivers Paper Company has announced the promotion of Tyler Rajeski to President and Chief Financial Officer. In the new role, Rajeski will oversee all functions of the business, including finance, procurement, operations, customer supply chain, sales and human resources. Rajeski continues to report to the Chief Executive Officer of Twin Rivers Paper, Debabrata ‘Deba’ Mukherjee. “Tyler has done a spectacular job leading several significant initiatives for Twin Rivers Paper, including a major refinancing of the business that has provided Twin Rivers with a strong working capital position, and the recent sale of the company’s Plaster Rock softwood lumber operation that benefits Twin with a long-term supply agreement,” stated Mukherjee. “Tyler’s impressive accomplishments in a relatively short timeframe have created strategic value for the business that will help ensure its long-term success.”