Metsä Board’s comparable operating result for the 3Q 2020 is better than the company’s result guidance issued on July 30, 2020. The comparable operating result for the 2Q 2020 was Euro 60.5 million. The comparable operating result for the 3Q 2020 is estimated to be approximately Euro 62 million.
The negative impacts of the corona pandemic on the company’s business have so far been smaller than expected. Metsä Board’s fresh fibre paperboards are widely used in food and pharmaceutical packaging as well as in various retail packaging solutions. Demand for these products has remained good.
Metsä Board’s paperboard deliveries in the 3Q remained approximately at the level of the 2Q and prices were stable. The total costs were lower than estimated, and negative profit impact from the annual maintenance shutdowns in September were at the lower end of the estimate range. The result of the associated company Metsä Fibre, of which Metsä Board owns 24.9%, was supported by the pick-up in the Chinese pulp market.
Metsä Board is a leading European producer of premium lightweight folding boxboards, food service boards and white kraftliners.
