"Our result is proof of the favourable market situation of the third quarter and shows the Group’s competitiveness in the chosen core businesses. In addition to seasonal fluctuation, the recent strong fluctuations of exchange rates create significant challenges for the last quarter. We must continue our efforts to improve profitability." Kari Jordan, President & CEO, Metsäliitto Group
Results for January–September
Sales EUR 3,986 million (1–9/2009: EUR 3,647 million).
Operating result excluding non-recurring items was EUR 405 million (-119), representing 10.2 per cent of sales (-3.3). Operating result including non-recurring items was EUR 415 million (-186).
Result before tax excluding non-recurring items was EUR 299 million (-232). Result before tax including non-recurring items was EUR 293 million (-310).
Results for July–September
Sales EUR 1,345 million (7–9/2009: EUR 1,155 million).
Operating result excluding non-recurring items was EUR 155 million (9), representing 11.5 per cent of sales (0.8). Operating result including non-recurring items was EUR 170 million (7).
Result before tax excluding non-recurring items was EUR 114 million (-51). Result before tax including non-recurring items was EUR 128 million (-53).
Events in the third quarter
Wood supply succeeded in harvesting most of the wood damaged by the storm across central Finland.
The construction market picked up in the Nordic region in particular, which boosted the demand for construction projects and Kertopuu.
The demand for pulp has remained good and prices high.
Price increase measures in Europe continued for folding boxboard and coated white top liners.
The Alizay pulp mill in France was shut down permanently.
The sale of Metsä Tissue’s own brands increased clearly compared to last year’s figures.
