Metsa Board recently announced its financial performance in the third quarter of 2014. The Finland based paper and paperboard manufacturer’s net profit nearly tripled to EUR 20.8 million as compared to EUR 7.3 million a year ago. The company’s net sales increased to EUR 513.8 million as compared to EUR 502.3 million.
“Profitable growth in paperboard business is the main goal of our company. Paperboard deliveries continued to increase strongly in the third quarter, and the current total delivery volume for 2014 is approximately 10 percent higher than at the same time in the previous year,” said, Mika Joukio, CEO, Metsa Board.
Metsa Board stated that the delivery volumes of paper and market pulp have been approximately at the same level for the past two quarters. However, paperboard delivery volume continued to increase in Q3.
Joukio added, “The demand for Metsa Board’s folding boxboard and fresh forest fibre linerboard has been normal in Europe and very strong in North America. This year, our paperboard deliveries in North America have increased already by more than 30 percent.”
Metsa Board’s net debt decreased to EUR 491 million as a result of strong cash flow.
