Near-term outlook


Estimated in January–June  2020 Half-Year Financial Report

The duration of the coronavirus pandemic and the scope of its negative impact on the world economy and on Metsä Board's business operations continue to be difficult to estimate.

Metsä Board's paperboard deliveries in the third quarter are expected to decrease slightly compared to the second quarter of 2020.

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

Annual maintenance shutdowns at integrated mills in the third quarter are scheduled for Kemi in September and Husum in September-October. In addition, some minor maintenance work has been moved from the second quarter to the third.

In the second half of the year, production curtailments announced by some pulp producers, as well as maintenance shutdowns, will decrease the supply of long-fibre market pulp. Metsä Board's market pulp deliveries in the third quarter are expected to decrease compared to the second quarter.

Changes in exchange rates, including the impact of hedges, will have a neutral impact on the result in July–September 2020 compared to the second quarter of 2020 and a positive impact compared to the third quarter of 2019.

The production costs of paperboard and pulp are not expected to decrease significantly from the second quarter.