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Metsa Board Oyj (METSA.HE)

METSA.HE on Helsinki Stock Exchange

5.81EUR
18 Aug 2017
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€-0.05 (-0.85%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Moody’s Investors Service upgraded Metsä Board's credit rating
Friday, 18 Aug 2017 06:15am EDT 

Aug 18 (Reuters) - METSA BOARD OYJ ::MOODY’S INVESTORS SERVICE UPGRADED METSÄ BOARD'S CREDIT RATING .‍MOODY'S INVESTORS SERVICE HAS UPGRADED METSÄ BOARD'S CORPORATE FAMILY RATING (CFR) BY ONE NOTCH FROM BA2 TO BA1.​.UPGRADE DOES NOT HAVE AN IMPACT ON METSÄ BOARD'S CURRENT ANNUAL FINANCING COSTS..MOODY'S UPGRADED METSÄ BOARD'S EUR 225 MILLION SENIOR UNSECURED BOND, THAT MATURES ON 2019, FROM BA2 TO BA1.OUTLOOK ON RATINGS IS STABLE.  Full Article

Metsä Q2 EBIT at EUR 46.9 million
Thursday, 3 Aug 2017 05:00am EDT 

Aug 3 (Reuters) - METSA BOARD OYJ ::METSÄ BOARD'S COMPARABLE OPERATING RESULT IN JANUARY–JUNE 2017 WAS EUR 89 MILLION .Q2 EBIT EUR ‍46.9​ MILLION (REUTERS POLL EUR 47. 4 MILLION).‍METSÄ BOARD'S COMPARABLE OPERATING RESULT IN Q3 OF 2017 IS EXPECTED TO IMPROVE SLIGHTLY COMPARED TO Q2 OF 2017​.Q2 ADJUSTED. EBITDA EUR ‍67.5​ MILLION (REUTERS POLL: EUR 72.1 MILLION).Q2 NET SALES EUR 474.2 MILLION (REUTERS POLL EUR 460 MILLION).‍PRODUCTION COSTS OF PAPERBOARDS IN JULY-SEPTEMBER ARE EXPECTED TO REMAIN AT LEVEL OF PREVIOUS QUARTER​.‍START-UP PHASE OF FIBRE'S NEW BIOPRODUCT MILL IS EXPECTED TO HAVE ONLY A SLIGHT NEGATIVE EFFECT ON RESULT FOR JULY-SEPT.​.DEMAND FOR HIGH-QUALITY CONSUMER PACKAGING PAPERBOARD MADE FROM FRESH FIBRE IS EXPECTED TO CONTINUE TO GROW IN MARKET AREAS IMPORTANT FOR METSÄ BOARD.  Full Article

Metsä Board to update long-term financial targets and dividend policy
Thursday, 1 Jun 2017 02:30am EDT 

June 1 (Reuters) - METSA BOARD OYJ :METSÄ BOARD TO UPDATE LONG-TERM FINANCIAL TARGETS AND DIVIDEND POLICY.‍TARGET FOR RETURN ON CAPITAL EMPLOYED (ROCE) IS AT LEAST 12 PCT​.ACCORDING TO NEW DIVIDEND POLICY, METSÄ BOARD AIMS TO DISTRIBUTE AT LEAST 50 PER CENT OF RESULT FOR FINANCIAL PERIOD AS DIVIDEND EVERY YEAR.‍RATIO OF INTEREST-BEARING NET DEBT TO COMPARABLE EBITDA IS A MAXIMUM OF 2.5​.  Full Article

Metsä Board Q1 EBIT EUR 45.2 million, below expectations
Thursday, 4 May 2017 05:00am EDT 

May 4 (Reuters) - METSA BOARD OYJ :METSÄ BOARD'S COMPARABLE OPERATING RESULT IN JANUARY–MARCH 2017 WAS EUR 45 MILLION.Q1 SALES EUR 444.5 MILLION (REUTERS POLL EUR 454 MILLION).Q1 EBIT EUR 45.2 MILLION (REUTERS POLL EUR 46.7 MILLION).SAYS IN 2017, AIMS TO SELL 300,000 TONNES OF HUSUM'S FOLDING BOXBOARD PRIMARILY IN NORTH AMERICA.COMPARABLE OPERATING RESULT FOR Q2 2017 IS EXPECTED TO REMAIN ROUGHLY ON SAME LEVEL AS IN Q1 2017.  Full Article

Metsa Board Q4 sales at 421.8 mln euros
Thursday, 2 Feb 2017 05:00am EST 

Metsa Board Oyj : Q4 sales EUR 421.8 million (Reuters poll eur 438 million) . Proposes 2016 dividend of EUR 0.19 per share (Reuters poll: eur 0.19per share) . Q4 adjusted EBITDA EUR 58.9 million (Reuters poll: eur 60.7 million) .Comparable operating result in Q1 of 2017 is expected to improve compared to Q4 of 2016.  Full Article

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