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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Metsä Board Oyj    METSB   FI0009000665

METSÄ BOARD OYJ

(METSB)
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Real-time Estimate Quote. Real-time Estimate Tradegate - 04/01 03:59:59 pm
4.881 EUR   -1.75%
03/27METSÄ BOARD : Ex-dividend day for final dividend
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03/27METSÄ BOARD : Ex-dividend day for
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03/19METSÄ BOARD OYJ : Metsä Board cancels its Annual General Meeting of 26 March 2020
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Stora Enso's weak demand outlook hits paper sector

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10/29/2019 | 09:56am EDT
FILE PHOTO: Stora Enso company logo is seen near a packaging mill in Riga

HELSINKI (Reuters) - Finnish paper firm Stora Enso said geopolitical uncertainties would dampen demand and prices in the fourth quarter, pushing its shares and those of its European peers lower on Tuesday.

The pulp, paper and packaging board maker - one of the largest globally - warned that demand growth is forecast to slow across its businesses and the decline in demand for paper would continue in Europe.

While the shift to online reading has reduced the need for newspaper and magazine paper for years, growth in ecommerce has increased the usage of shipping boxes and packaging materials.

But research firm Fastmarkets said that boost was beginning to fade with the biggest online companies focusing on using less packaging after a rise in corrugated and containerboard prices in the last few years.

Stora Enso forecast an adjusted operating profit of 100-180 million euros in the fourth quarter as prices for pulp and paper weaken, missing all analyst expectations which ranged from 182 million to 315 million euros, according to Refinitiv data.

"Deteriorating trading conditions caused by geopolitical uncertainties related to trade wars and a possible hard Brexit are expected to impact Stora Enso negatively," said Chief Executive Karl-Henrik Sundstrom.

The company's shares fell almost 9% before recovering some losses, with European paper and packaging firms UPM, Svenska Cellulosa, Metsa, Mondi and Holmen all down by as much as 4%.

UPM had last week reported better than expected profits for the September quarter saying it had seen modest demand growth in most areas.

Stora Enso reported a sharp drop in profit in the three months to September, with adjusted operating profit in the third quarter falling 35% from a year earlier to 231 million euros (£200 million) and missing the average forecast of 236 million in a Refinitiv analyst poll.

Sales in July-September fell 7% from a year earlier to 2.4 billion euros, missing a forecast of 2.51 billion euros.

Antti Viljakainen of equity research firm Inderes said in a note that the weak outlook would pressure the company in 2020.

Stora Enso said it would increase its cost cutting target to 275 million euros from 200 million to battle slowing demand.

"The boxboard industry faces challenges in terms of fiber costs, sales growth, operating rates, and profits," Fastmarkets analyst Ken Waghorne said in a statement earlier this month.

(Reporting by Tarmo Virki and Anne Kauranen; Editing by Tom Hogue and Kirsten Donovan)

By Anne Kauranen and Tarmo Virki

Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRITISH POUND (EUR/GBP) -0.87% 0.8834 Delayed Quote.5.44%
HOLMEN AB -1.83% 267.8 Delayed Quote.-4.35%
METSÄ BOARD OYJ -0.12% 4.962 Delayed Quote.-17.13%
MONDI PLC -3.51% 1332.5 Delayed Quote.-22.09%
STORA ENSO OYJ -2.66% 9 Delayed Quote.-28.68%
SVENSKA CELLULOSA -5.21% 95.22 Delayed Quote.5.74%
UPM-KYMMENE OYJ -8.05% 23.07 Delayed Quote.-18.83%
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Financials (EUR)
Sales 2020 1 888 M
EBIT 2020 146 M
Net income 2020 113 M
Debt 2020 406 M
Yield 2020 4,16%
P/E ratio 2020 15,7x
P/E ratio 2021 11,2x
EV / Sales2020 1,17x
EV / Sales2021 1,12x
Capitalization 1 794 M
Chart METSÄ BOARD OYJ
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Metsä Board Oyj Technical Analysis Chart | METSB | FI0009000665 | MarketScreener
Technical analysis trends METSÄ BOARD OYJ
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Average target price 5,42  €
Last Close Price 4,97  €
Spread / Highest target 30,8%
Spread / Average Target 9,03%
Spread / Lowest Target -9,42%
EPS Revisions
Managers
NameTitle
Mika Henrikki Joukio Chief Executive Officer
Ilkka Tappio Hämälä Chairman
Jussi Noponen Chief Financial Officer
Harri Pihlajaniemi Senior Vice President-Production & Technology
Martti Tapio Asunta Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
METSÄ BOARD OYJ-17.13%1 971
UPM-KYMMENE OYJ-18.83%14 705
SUZANO S.A.0.00%9 327
STORA ENSO OYJ-28.68%8 333
SVENSKA CELLULOSA5.74%7 099
EMPRESAS CMPC S.A.5.42%5 386