Metsäliitto Group Stock Exchange Release 8 December 2011 at 15.00 EET
Metsäliitto Group expected in connection to the third quarter 2011 announcement, that its operating result excluding non-recurring items in the last quarter of 2011 will be slightly lower than in the third quarter. In the third quarter of 2011 the operating result excluding non-recurring items was EUR 63 million.
The delivery volumes of pulp and paper have however been lower than expected and the pulp price has decreased more than anticipated. Also the board delivery volumes have been somewhat lower than expected as a result of rapid inventory reduction in different parts of the delivery chain. Due to these facts Metsäliitto Group estimates its operating result excluding non-recurring items in the last quarter of 2011 to be clearly weaker than in the third quarter. Metsäliitto Group has initiated measures that enable adjusting the production to meet the demand by temporary layoffs and working time arrangements.
Metsäliitto Group’s financial results for the year 2011 will be published on 9 February 2012.
Further information:
Chief Financial Officer Vesa-Pekka Takala, Metsäliitto Group, tel. +358 (0)10 465 4260
Subscribe to our releases
Open the formLatest news
-
Metsä Group’s comparable operating result in January–June 2025 was EUR 44 million
Releases – 31.07.2025 -
Metsä Group to launch the planning of a significant cost savings and profit improvement programme
Releases – 31.07.2025 -
Profit warning: Metsä Group's comparable operating result for April–June 2025 will be clearly negative
Releases – 07.07.2025