Due to prolonged weak profitability and the uncertain market outlook, Metsä Group is to initiate the planning of a significant cost savings and profit improvement programme. The aim of the programme is to achieve annual cost savings of approximately EUR 300 million, which are expected to be implemented gradually from 2026.
The planning of the cost savings and profit improvement programme is to be completed by the end of the current quarter. According to the plans, the programme will focus on procurement and logistics costs, the wood supply chain's optimisation from the forest to production units, and the reduction of fixed costs. The programme does not include permanent or temporary closures of production units.
In addition to the cost savings programme, each Metsä Group business area will aim to improve its result by updating and sharpening its commercial strategy.