August 29, 2016 6:06 PM ET

Paper and Forest Products

Company Overview of Metsä Group

Company Overview

Metsä Group, together with its subsidiaries, provides tissue and cooking papers, fresh forest fiber paperboards, pulp, wood products, and wood supply and forest services. It operates in five segments: Wood Supply and Forest Services, Wood Products Industry, Pulp Industry, Paperboard and Paper Industry, and Tissue and Cooking Papers. The company offers wood and forest energy services; wood products for construction, industry, and distributor partners; and bleached softwood and birch pulp under the Botnia brand for the production of tissue papers, magazine, and specialty papers and packaging boards. It also provides folding boxboards and forest fiber linerboards for the consumer and retail pac...

Revontulenpuisto 2

Espoo,  02100

Finland

10,075 Employees

Phone:

358 10 4601

Fax:

358 10 465 4400

Key Executives for Metsä Group

Vice Chairman, Chief Executive Officer and President
Age: 60
Chief Financial Officer
Age: 50
Chief Executive Officer of Metsä Fibre Oy
Age: 55
Chief Executive Officer of Metsä Board Corporation
Age: 52
Chief Executive Officer of Metsä Tissue Corporation
Age: 50
Compensation as of Fiscal Year 2016.

Metsä Group Key Developments

Metsä Group Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Provides Earnings Guidance for the Third Quarter of 2016

Metsä Group reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, sales were EUR 1,183.9 million against EUR 1,330.2 million a year ago. Operating result was EUR 118.5 million against EUR 154.0 million a year ago. Result before income tax was EUR 98.2 million against EUR 128.2 million a year ago. Result for the period was EUR 75.7 million against EUR 92.7 million a year ago. Return on equity was 12.4% against 16.5% a year ago. Operating result excluding non-recurring items was EUR 120 million against EUR 137 million a year ago. Result before taxes excluding non-recurring items was EUR 100 million against EUR 114 million a year ago. Cash flow from operations was EUR 152 million against EUR 266 million a year ago. EBITDA was EUR 7.4 million against EUR 7.8 million a year ago. For the six months, sales were EUR 2,339.5 million against EUR 2,585.3 million a year ago. Operating result was EUR 225.3 million against EUR 271.9 million a year ago. Result before income tax was EUR 186.0 million against EUR 234.3 million a year ago. Result for the period was EUR 143.9 million against EUR 181.3 million a year ago. Return on equity was 11.8% against 16.6% a year ago. Net cash flow arising from operating activities was EUR 23.6 million against EUR 244.0 million a year ago. Investments in tangible and intangible assets were EUR 337.9 million against EUR 140.2 million a year ago. Compared to the corresponding period previous year, sales were reduced by the considerable decline in pa-per deliveries and the decrease in the market prices of pulp. The decrease in the operating result compared to the previous year is primarily attributable to the lower market price of pulp, start-up of the new folding box-board production line at Husum, and the lower average price of the start-up volumes of folding boxboard. Operating result excluding non-recurring items was EUR 229 million against EUR 266 million a year ago. Result before taxes excluding non-recurring items was EUR 190 million against EUR 230 million a year ago. Cash flow from operations was EUR 121 million against EUR 333 million a year ago. EBITDA was EUR 16.0 million against EUR 17.4 million a year ago. The company's operating result excluding non-recurring items in the third quarter of 2016 is expected to be slightly weaker than in the second quarter of 2016.

Metsä Group, H1 2016 Earnings Call, Aug 04, 2016

Metsä Group, H1 2016 Earnings Call, Aug 04, 2016

Metsa Group Builds Sulphuric Acid Plant at Bioproduct Mill in Aanekoski, Finland

Metsa Group has announced that it is building a sulphuric acid plant at the bioproduct mill in Aanekoski, Finland. The plant will be delivered by Valmet. The approximately EUR 20 million investment is the first large-scale sulphuric acid plant in the world to be integrated into the pulp manufacturing process. The plant will process the mill's odorous gases into sulphuric acid, which the bioproduct mill needs in the manufacturing of, among other things, the important bioproduct tall oil. The plant will produce roughly 35 tonnes of sulphuric acid a day, which is equal to the amount required for the mill's tall oil production. The plant will begin production at the same time as the bioproduct mill, in the third quarter of 2017. An advanced closed circulation in which water and chemicals are recycled and returned to the process for reuse was one of the key criteria in the design of the bioproduct mill's processes.

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