Near-term outlook


Estimated in January–March 2021 Interim report

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

Metsä Board's paperboard delivery volumes in April–June 2021 are expected to grow from the delivery volumes of January–March 2021 (491,000 tonnes).

The prices of folding boxboard and white kraftliners in local currencies are expected to rise.

More planned maintenance shutdowns of mills will take place during the second quarter compared to the first quarter.

The demand for long-fibre market pulp will be supported by the global demand growth for tissue papers and paperboards. Pulp producers' maintenance shutdowns during the spring will translate into a seasonal decline in the supply of pulp. The container shortage particularly in the traffic between Europe and Asia will continue and have an impact on the deliveries of market pulp. The prices of market pulp in Europe and China have continued to increase after the review period.

Cost inflation accelerated during the first quarter, and costs are expected to continue to increase to some degree during the second quarter. Cost inflation for 2021 is expected to be around 3% compared to 2020.

Exchange rates, accounting for the effect of hedging, in April–June 2021 will have a negative impact on results compared to January–March 2021 and a clearly negative impact on results compared to April–June 2020.