Outlook and result guidance

Metsä Board estimates its near term outlook in each interim report and provides a verbal guidance on the development of the operating result for the next quarter.

Near term outlook

Source: Interim report January–March 2022

Demand for paperboards is expected to remain good in the company’s main market areas in Europe and North America.

Metsä Board’s paperboard delivery volumes in April–June are expected to remain at the same level as in January–March (473,000 tonnes). The average prices of folding boxboard and white kraftliners are expected to increase.

Demand for long-fibre market pulp is expected to remain good in Europe and China. The global supply of market pulp is restricted by various factors, including bottlenecks in logistics and unplanned production shutdowns. The impacts of the Covid-19 situation in China create uncertainty in the development of the market situation in the long term.

There will be more planned maintenance shutdowns in April–June 2022 than in the previous quarter.

Cost inflation is expected to continue. Global problems in the availability of transport equipment and higher fuel prices will increase logistics costs. Other production costs are driven up especially by rising prices in energy and certain chemicals.

Exchange rate fluctuations in April–June 2022, including the impact of hedges, will have a slightly positive impact on the operating result compared to January–March 2022 and April–June 2021.

Result guidance for April–June 2022

Metsä Board’s comparable operating result in April–June 2022 is expected to improve compared to January–March 2022.