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Metsa Board Oyj (METSA.HE)

METSA.HE on Helsinki Stock Exchange

5.70EUR
22 Jul 2016
Change (% chg)

€0.10 (+1.79%)
Prev Close
€5.60
Open
€5.72
Day's High
€5.72
Day's Low
€5.68
Volume
1,337
Avg. Vol
2,242
52-wk High
€6.93
52-wk Low
€4.80

Latest Key Developments (Source: Significant Developments)

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

Metsa Board Oyj: Moody's upgrades Metsä Board's credit rating by two notches
Tuesday, 23 Jun 2015 02:00am EDT 

Metsa Board Oyj:Moody's upgrades Metsä Board's credit rating by two notches from B1 to BA2.Outlook of rating is stable.  Full Article

Metsa Board divests Data Copy brand to Antalis International
Tuesday, 16 Jun 2015 08:00pm EDT 

Metsa Board Oyj:Is divesting Data Copy brand and all its associated proprietary materials to Antalis International.Antalis International take over Data Copy brand from July 1, 2015.  Full Article

Metsa Board Oyj closes divestment of Gohrsmuhle mill
Thursday, 21 May 2015 02:00am EDT 

Metsa Board Oyj:Says has closed the divestment of Gohrsmuhle mill.  Full Article

Metsa Board divests Gohrsmühle mill in Germany
Wednesday, 29 Apr 2015 08:00am EDT 

Metsa Board Oyj:Agreed to divest 100 pct of its shares in Metsä Board Zanders Gmbh including all related liabilities to Mutares AG and its partner company.Closing of transaction is subject to German competition authorities' approval and it is expected to take place by end of May 2015.Divestment would reduce Metsä Board's annual sales by about 90 million euros and improve operating result by about 20 million euros compared to 2014.Positive non-recurring item of 15 million euros is expected to be booked in non-core operations segment's Q2 2015.  Full Article