Key Developments: Metsa Board Oyj (METSA.HE)

METSA.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Metsa Board Oyj sees Q4 2014 net loss of 34 million euros in non-recurring items
Wednesday, 10 Dec 2014 06:00am EST 

Metsa Board Oyj:Expects to book a net loss of 34 million euros in non-recurring items in Q4 2014 operating result.Guidance for Q4 2014 operating result remains unchanged.  Full Article

Metsa Board Oyj updates on final steps of reorganization
Wednesday, 10 Dec 2014 06:00am EST 

Metsa Board Oyj:Grows paperboard business, plans to fully exit paper production and considers a rights issue to partially finance the final steps of transformation.Invests about 170 million euros in a new folding boxboard machine at Husum mill in Sweden.Husum mill's paper production is planned to be discontinued mostly at end of 2015 and fully by end of 2017.Changes are expected to improve operating result by about 50 million euros per annum mostly in 2017 and fully from 2018 onwards compared to Q1-Q3 2014 annualized performance.Primary target is to divest Gohrsmühle mill during first half of 2015.  Full Article

Metsa Board Oyj announces Q4 2014 financial guidance
Wednesday, 5 Nov 2014 05:00am EST 

Metsa Board Oyj:Operating result excluding non-recurring items is in Q4 of 2014 expected to be roughly at same level as in Q3 of 2014.Says no material changes in production costs are expected in Q4.Says volume and average price of Metsä Board's market pulp deliveries in Q4 are expected to be at about same level as in Q3.  Full Article

Metsa Board announces Mika Joukio as new CEO
Friday, 19 Sep 2014 02:30am EDT 

Metsa Board Oyj:Says Mika Joukio starts as the CEO of Metsa Board on Oct. 1.Says Metsa Board’s current CEO Mikko Helander will still be available for special company assignments if needed until Dec. 1.  Full Article

Metsa Board Oyj gives Q3 2014 operating profit excluding non-recurring items
Thursday, 31 Jul 2014 05:00am EDT 

Metsa Board Oyj:Says Q3 2014 operating profit, excluding non-recurring items, is expected to slightly improve from Q2 2014.Says reported Q2 2014 operating profit excluding non-recurring items was 28.3 million euros.Q3 2014 operating profit excluding non-recurring items 36.69 million euros - Thomson Reuters I/B/E/S.  Full Article

Metsa Board Oyj appoints Mika Joukio as new CEO
Tuesday, 10 Jun 2014 09:40am EDT 

Metsa Board Oyj:Appoints Mika Joukio as the company’s new CEO.Joukio will start in the position on Dec.1 at the latest.Joukio joins Metsa Board from Metsa Tissue Corporation, part of Metsa Group, where he has been the CEO since 2012.Prior to Metsa Tissue, Joukio worked as the head of Metsa Board’s paperboard business during 2006–2011.He has held various management positions in the company and its predecessors Metsa-Serla Corporation and M-real Corporation since 1990.Metsa Board’s current CEO Mikko Helander will move to another company on Dec. 1 at the latest.  Full Article

Metsa Board announces CEO Mikko Helander resignation
Wednesday, 28 May 2014 01:30am EDT 

Metsa Board Oyj:Says Chief Executive (CEO) Mikko Helander resigns.He joins Kesko Corporation as of Dec. 1 and will continue as Metsa Board's CEO for the time being.Process to appoint a new CEO has been initiated.  Full Article

Metsa Board expects Q2 2014 operating result to weaken from Q1
Tuesday, 13 May 2014 05:00am EDT 

Metsa Board Oyj:Expects operating result, excluding non-recurring items, to weaken in Q2 2014 from Q1 2014 due to annual maintenance shutdowns at Husum mill integrate and at the associated company Metsa Fibre’s Joutseno and Aanekoski pulp mills.Reported operating result excluding non-recurring items of 36.1 million euros for Q1 2014.Q2 2014 EBIT 31.64 million euros - Thomson Reuters I/B/E/S.  Full Article

Metsa Board completes sale of Lielahti property
Friday, 28 Mar 2014 07:45am EDT 

Metsa Board Oyj:Completes divestiture of Lielahti property, Tampere, to the City of Tampere for 26 million euro.The Lielahti property consists of 90 hectares of land, including buildings on site, and 1,071 hectares of water area on Nasijarvi lake.Announced its intention to sell the property on Jan. 30.  Full Article

Metsa Board issues 225 million euro unsecured bond
Thursday, 6 Mar 2014 10:30am EST 

Metsa Board Oyj:Issues 225 million euro-senior unsecured bond mainly to institutional investors.The bond's maturity date is March 13, 2019.Coupon interest rate has been set at 4.000 per cent per annum.Says the bond was more than 10 times oversubscribed.Says has also signed agreement on unsecured syndicated credit facility including 150 million euros term loan facility and 100 million euros revolving credit facility.Both facilities mature in March 2018.Nordea acted as coordinator of the facilities.Other arrangers were Danske Bank, DNB Pohjola, SEB and Swedbank.Proceeds of the new loan arrangements will be mainly used to prepay the existing 350 million euro-secured term loan maturing in March 2016.  Full Article

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