Metsa Group stories Q3 FY20 gross sales of €1,245 mn


Metsa Group, a Finnish forest business group with companies of tissue and cooking papers, pulp, wooden merchandise, has reported its gross sales of €1,245 million in its third quarter (Q3) FY20 ended on September 30, 2020 in comparison with gross sales of €1,373.7 million in identical interval final yr. Firm’s outcome for the interval have been as much as €80.9 million (Q3 FY19: €75.9 million).

 

“Metsa Group’s outcome within the third quarter of 2020 was higher than we anticipated at first of the quarter. In contrast with our estimate, essentially the most important enchancment got here from the paperboard enterprise, the place the gross sales volumes have been larger than anticipated and costs remained steady,” Ilkka Hamala president and CEO at Metsa Group, stated in a press launch.

 

“Within the pulp enterprise, demand recovered in China through the quarter, and costs additionally developed favourably within the Asian market. The wooden merchandise enterprise was additionally barely stronger than anticipated,” Hamala stated.

 

Firm’s working outcome for Q3 FY20 was €115.9 million (€110.three million).

 

“By way of its operations, Metsa Group is responding to the necessity to present merchandise made out of renewable supplies for individuals’s on a regular basis wants. We’re actively growing our operations, ranging from higher combining the ecological and financial targets associated to northern forests to the continual enchancment of our manufacturing and operational processes and the introduction of renewable, more and more resource-efficient merchandise for customers,” Hamala stated.

 

In its outlook, Metsa said that wooden demand will give attention to stands to be harvested when the bottom is unfrozen, and on crown wooden by way of vitality wooden. Whereas, demand for Kerto LVL merchandise has elevated within the North American market specifically. And demand for and provide of long-fibre market pulp is anticipated to stabilise, with demand rising seasonally and provide reducing due to annual upkeep shutdowns in direction of the tip of the yr, as reported.

Fibre2Fashion Information Desk (JL)

Metsa Group, a Finnish forest business group with companies of tissue and cooking papers, pulp, wooden merchandise, has reported its gross sales of €1,245 million in its third quarter (Q3) FY20 ended on September 30, 2020 in comparison with gross sales of €1,373.7 million in identical interval final yr. Firm’s outcome for the interval have been as much as €80.9 million (Q3 FY19: €75.9 million).





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