Q3 2025 Metsa Board Oyj Earnings Call Transcript
Key Points
- Metsa Board Oyj (FRA:MSRB) successfully improved operating cash flow to EUR 122 million in Q3, driven by a substantial release of working capital.
- The company has launched a comprehensive cost-saving and profitability improvement program with around 350 initiatives to address market challenges.
- Metsa Board Oyj's modernization project has been completed, with the upgraded board machine now in operation, marking a significant milestone in product performance.
- The company maintains strong competitive advantages, including highly skilled personnel, long-standing customer relationships, and high sustainability standards.
- Liquidity remains strong at over EUR 400 million, split between liquid assets and unused revolving credit facilities, supporting financial resilience.
- Profitability remains at a highly unsatisfactory level, with an operating loss of EUR 46 million in Q3.
- Market-driven production curtailments and low power prices negatively impacted profit availability.
- The US import tariff on folding box board has limited the company's ability to fully pass on the tariff impact, affecting delivery volumes.
- Weak consumer sentiment continues to weigh on market pulp demand in both Europe and China, with prices for softwood pulp remaining depressed.
- The company has initiated change negotiations that may lead to a reduction of up to 315 positions, including approximately 155 in Finland, as part of cost structure alignment.
Good afternoon and welcome to META boards and conference call.
My name is Kattis Ostrom and I am responsible for investor relations at METSA board.
The presentation will follow the usual format. CEO Esa Eikoneen and CFO Henry Sederholm will present the results, after which we will open the conference call for questions.
You can also submit questions via the chat function, and I will present them to the management after we have taken the questions from the line.
Please note an important reminder, as today's presentation may contain forward-looking statements.
But now we are ready to get started.
Thank you for joining us today, and I will now hand over to ESA.
Good afternoon on my behalf as well.
Before we move to the Q3 results, let's take a moment to look at the key themes shaping our actions right now.
First, the
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