Paper and Forest Products
Company Overview of Metsäliitto Cooperative
Metsäliitto Cooperative, together with its subsidiaries, engages in the wood supply, wood products, pulp, board and paper, and tissue and cooking paper activities primarily in Europe. Its Wood Supply segment sells timber products; and provides forestry services for member-owners. The company’s Wood Products Industry segment offers wood-based solutions for industrial construction customers, other industrial customers, and the home and lifestyle sectors. Metsäliitto Cooperative’s Pulp Industry segment provides softwood pulp, including bleached softwood and birch pulp under the Botnia brand for the production of fine papers, magazine and tissue papers, and paperboard. The company’s Paperboard a...
Key Executives for Metsäliitto Cooperative
Group Chief Financial Officer
Executive Vice President of Strategy and Acting Chief Executive Officer of Metsatissue
Chief Executive Officer of Metsa Board Oyj
Chief Executive Officer of Metsä Fibre Oy
Compensation as of Fiscal Year 2014.
Metsäliitto Cooperative Key Developments
Metsäliitto Cooperative Announces Executive Appointments
Jan 14 15
The Board of Directors of Metsä Group’s parent company Metsäliitto Cooperative elected in its constituent meeting Martti Asunta, M.Sc. to continue as the Chairman of the Board of Directors. He has been a member of the Board of Directors since 2005 and Chairman since 2008. Metsä Group’s President and CEO Kari Jordan acts as Deputy Chairman of the Board of Directors.
Metsäliitto Cooperative Announces Board Changes, Effective January 1, 2015
Nov 6 14
At a meeting held on November 5, 2014 the Supervisory Board of Metsa Group's parent company, Metsäliitto Cooperative, elected Mikael Silvennoinen to be a new member of the Board of Directors as of January 1, 2015. Silvennoinen currently works as the Chairman of the Board of Directors for executive search company IMS Talent. Before his current position, Silvennoinen had a long career with the Pohjola Group, most recently (1997–2013) as the President and CEO of Pohjola Bank Plc. Eino Halonen, who has been a member of the Board of Directors since 2006, will resign having turned the age of 65.
Metsä Group Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended Sept. 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014
Nov 5 14
Metsä Group announced unaudited consolidated earnings results for third quarter and nine months ended Sept. 30, 2014. For the quarter, the company reported sales of EUR 1,203.6 million, operating profit of EUR 102.9 million, profit before income tax of EUR 79.4 million, profit attributable to members of the parent company of EUR 40.6 million, compared to the sales of EUR 1,213.9 million, operating profit of EUR 63 million, profit before income tax of EUR 31 million, profit attributable to members of the parent company of EUR 8 million for the same period a year ago.
For the year to date, the company reported sales of EUR 3,722.8 million, operating profit of EUR 332.7 million, profit before income tax of EUR 262.3 million, profit attributable to members of the parent company of EUR 116.1 million, net cash flow arising from operating activities of EUR 275.8 million, investments in tangible and intangible assets of EUR 96 million compared to the sales of EUR 3,719.4 million, operating profit of EUR 246.7 million, profit before income tax of EUR 162.4 million, profit attributable to members of the parent company of EUR 71.8 million, net cash flow arising from operating activities of EUR 169.4 million, investments in tangible and intangible assets of EUR 133.7 million for the same quarter a year ago.
The company's operating result excluding non-recurring items in the last quarter of 2014 is ex-pected to be approximately on the same level as in the third quarter of 2014.
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