Near-term outlook


Estimated in Financial Statements Bulletin 2019

The total impact of the Paper Union strike on operating result is approximately EUR 20 million and it will mainly affect the first quarter of 2020.

Metsä Board’s paperboard deliveries in the first quarter are expected to be approximately at the same level as in the fourth quarter of 2019.

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 prices are not expected to decline further.

No significant maintenance shutdowns will take place during January–March at Metsä Board’s mills. The annual maintenance of the associated company Metsä Fibre’s Äänekoski bioproduct mill will begin at the end of March and end at the beginning of April.

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

Production costs are expected to remain stable. The prolonged mild winter may complicate harvesting and increase wood costs.