Metsa Board Corporation
METSB
ISIN FI0009000665 / Valor 472571
Metsa Board Corporation
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About company
Metsä Board Corporation, part of the larger Metsä Group, is a prominent European manufacturer specializing in premium fresh fibre paperboards. The company is recognized for its commitment to sustainability and aims to lead in the production of fibre-based packaging materials. Metsä Board focuses on enhancing its industrial operations and fostering sustainable growth through strategic initiatives aimed at improving efficiency and innovation in fibre-based packaging. The corporation's business strategy is underpinned by a goal to bolster its financial standing while providing competitive dividends to its shareholders. Metsä Board's product offerings cater to a global market, aiming to meet the increasing demand for innovative and sustainable packaging solutions. This approach is in response to global megatrends such as population growth, urbanization, and climate change, positioning the company as a key player in advancing the bioeconomy and circular economy through the sustainable processing of northern wood.
Summarized from source with an LLMView SourceSector: Non-Energy MaterialsLatest Results (20.08.2024):
Operating Result
Metsa Board Corporation's comparable operating result for the first quarter of 2024 was EUR 31.5 million, a significant decrease from EUR 88.7 million in the same period of 2023. This result represents 6.5% of sales, down from 16.4% in the previous year. The operating result, including items affecting comparability, was EUR 23.0 million.
Sales Performance
In Q1 2024, Metsa Board Corporation reported sales of EUR 483.7 million, a decline from EUR 542.1 million in Q1 2023. The sales composition included 56% from folding boxboard, 25% from white kraftliner, 14% from market pulp, and 4% from other operations. Total paperboard deliveries were 364,000 tonnes, with the majority going to the EMEA region.
Earnings Per Share
Metsa Board Corporation's comparable earnings per share for the first quarter of 2024 were EUR 0.06, down from EUR 0.19 in Q1 2023. The reported earnings per share, including items affecting comparability, were EUR 0.04.
Cash Flow
The net cash flow from operations for Metsa Board Corporation in Q1 2024 was EUR -7.9 million, a significant drop from EUR 126.4 million in the same period of the previous year. This decline was influenced by a rapid increase in working capital and a lower dividend from the associated company Metsä Fibre.
Dividend Payment
Metsa Board Corporation's Annual General Meeting held on 26 March 2024 resolved to pay a dividend of EUR 0.25 per share, totaling approximately EUR 89 million. The dividend was paid to shareholders on 9 April 2024.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1401 M
Market cap (USD)
852,255
Daily traded volume (Shares)
4.098 / 3.976
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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P/E ratio
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EPS (USD)
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Ratings & reviews
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