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Metsa Board Oyj (METSA.HE)

METSA.HE on Helsinki Stock Exchange

6.41EUR
9 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Metsä Board to close down its wallpaper base machine in Kyro
Thursday, 29 Sep 2016 08:00am EDT 

Metsa Board Oyj : Metsä Board to close down its wallpaper base machine in Kyro . Statutory labour negotiations, which affected all of 250 people working at mill, have been completed . Kyro mill wallpaper base machine PM3 will be closed down and number of personnel at mill will decrease by 94 people . Metsä board's Q3 result is estimated to include non-recurring net costs of around 9 million euros ($10.10 million) related to closure .Closure is estimated to have a positive cash impact of around 10 million euros, majority of which consists of working capital released during Q4.  Full Article

Metsä Board appoints Jussi Noponen new CFO
Friday, 5 Aug 2016 01:36am EDT 

Metsa Board Oyj : Jussi Noponen appointed CFO for Metsä Board Corporation . Noponen has been appointed cfo and member of executive management team corporation effective as of 1 january 2017 at latest .Markus Holm, Metsä Board's current CFO, will leave company to assume position of CFO and COO of Sanoma Corporation Full Article

Metsä Board Q2 EBIT EUR 34.5 mln, below expectations
Thursday, 4 Aug 2016 05:00am EDT 

Metsa Board Oyj : Q2 EBIT 34.5 million euros ($38.40 million) (Reuters poll 36 million euros) . Q2 sales 422.9 million euros (Reuters poll 452 million euros) . Paperboard deliveries are expected to grow in July-September from Q2 of 2016 . Q3 result will still be impacted by start-up volumes of folding boxboard at Husum . Company estimates that full production capacity of Husum's new folding boxboard machine will be reached by end of 2016 . Production costs in July-September are expected to remain at about level of Q2 of 2016 . Operating result excluding non-recurring items in Q3 of 2016 is expected to remain roughly at same level as in Q2 of 2016 .Says global demand for and supply of long- and short-fibre pulp are expected to remain stable.  Full Article

Metsa Board to close down wallpaper base machine in Kyro, will lay off up to 100 people
Thursday, 4 Aug 2016 02:30am EDT 

Metsa Board Oyj : Is planning to close down its wallpaper base machine PM3 and discontinue its loss-making wallpaper base manufacturing at Kyro mill in Hämeenkyrö, Finland . Says has a need to adjust and improve operations at Kyro mill in order to increase its competitiveness. . According to plan, estimated personnel effect is up to 100 employees. . Says demand for wallpaper base is decreasing globally, and Metsä Board is focusing on paperboard .Will still continue operating at Kyro mill..  Full Article

Metsä Board agrees on extension of syndicated credit facility by two years
Friday, 10 Jun 2016 05:00am EDT 

Metsa Board Oyj : Agrees on the extension of its syndicated credit facility by two years . Syndicated facility consists of a 150 million euro ($169.5 million) term loan facility and a 100 million euro revolving credit facility . Credit facility will after amendment mature in March 2020 .Pricing of facility was amended leading to a decrease in annual financial costs of about 0.5 million euros per year.  Full Article

Metsa Board launches efficiency improvement programme at Husum integrated mill in Sweden
Tuesday, 3 May 2016 02:30am EDT 

Metsa Board Oyj:Metsä Board, part of Metsä Group, is launching an efficiency improvement programme at the Husum integrated mill in Sweden.The efficiency improvement programme concerns all operations at the mill.Efficiency improvement programme targets minimum of 10 million euros annual cost savings.Impacts on result are expected to be visible already during current year.  Full Article

Metsa Board Oyj: Standard & Poor's upgrades credit rating and assigns positive outlook
Wednesday, 24 Feb 2016 09:35am EST 

Metsa Board Oyj:Standard & Poor's Ratings Services has upgraded Metsä Board Corporation's rating by one notch from BB to BB+​.Outlook of rating was raised from stable to positive.Says ‍upgrade does not have an impact on Metsä Board's current annual financing costs​.  Full Article

Metsa Board Oyj: start of new folding boxboard production line in Husum
Thursday, 4 Feb 2016 02:41am EST 

Metsa Board Oyj:Says new folding boxboard production line has started up in Husum.Is aiming 400,000 t/a volume of production line at Americas​.‍Last November, the company also announced it is investing an additional 38 million euros in a new extrusion coating line and related infrastructure in Husum.Line will be taken into use at beginning of 2017​.  Full Article

Metsa Board proposes dividend for FY 2015, gives guidance on Q1 2016
Wednesday, 3 Feb 2016 05:00am EST 

Metsa Board Oyj:‍Proposes dividend of 0.17 euro per share for FY 2015, equaling 44 pct of the earnings per share of 2015.Sees operating result ex. items in Q1 2016 to remain roughly at same level as in Q4 2015​.Says production costs in Jan-March are expected to remain at about level of Q4 2015​.  Full Article

Metsa Board Oyj invests EUR 38 million in extrusion coating
Thursday, 5 Nov 2015 02:30am EST 

Metsa Board Oyj:Expands its offering in food and food service paperboards by investing 38 million euros in extrusion coating.Line with a paperboard extrusion coating capacity of about 100,000 t/a will be taken into use at beginning of 2017.  Full Article