Near-term outlook


Estimated in January–March 2020 Interim Report

The duration of the pandemic caused by the coronavirus and the scope of its negative impact on the world economy and on Metsä Board's business is difficult to estimate. At the moment, however, the order book of the company's paperboards is on a strong level. Metsä Board's paperboard deliveries in the second quarter are expected to remain roughly on the level of the first quarter of 2020.

The market prices of folding boxboard and white kraftliner in local currencies are expected to remain stable.

The supply and demand of long-fibre pulp is expected to remain balanced, and market prices are not expected to decline.

The annual maintenance shutdowns of mills scheduled for April–June have partly been postponed to the second half of the year.

Changes in exchange rates, including the impact of hedges, will have a slightly positive impact on results during the second quarter of 2020 compared to the first quarter and a positive impact on results compared to the second quarter of 2019.

The production costs of paperboard and pulp are expected to remain stable.