Near-term outlook


Estimated in Q1/2019 Interim Report


Metsä Board's paperboard deliveries in the second quarter of the year are expected to remain roughly at the same level as in the first quarter. 

The prices of folding boxboard in local currencies are expected to remain stable. The company is continuing its measures to improve the average price of folding boxboard by optimising the sales mix. The weakened demand may have a negative impact on the average price of linerboard sales.

Global demand for pulp is expected to remain at the current level for the next few months. Several maintenance shutdowns will take place at pulp mills during the second quarter, which will reduce supply to some degree. Pulp inventories are expected to remain unchanged or to decline slightly.  

Several annual maintenance shutdowns at Metsä Board's mills in Finland and the annual maintenance shutdown of Metsä Fibre's Joutseno pulp mill will take place during the second quarter of the year. Their impact on the result will be negative compared to the first quarter.

Changes in exchange rates, including the impact of hedges, during the second quarter will have a neutral effect compared to the first quarter and a clearly positive effect compared to the corresponding period in the previous year.

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

General uncertainty in the global economy may continue to have a negative effect on the demand for Metsä Board's products.