Q1 2026 Metsa Board Oyj Earnings Call Transcript
Key Points
- Metsa Board Oyj (STU:MSRB) has achieved 50% of its targeted EUR 200 million EBITDA improvement through its transformation program, which is set to complete by the end of 2027.
- The company is 90% energy self-sufficient and 93% of its energy use is fossil-free, providing a competitive edge in the current volatile energy market.
- Metsa Board Oyj has a strong focus on customer-centric growth, particularly in premium segments like food, food service, and healthcare, which are expected to see long-term structural growth.
- The company has invested over EUR 1 billion in the past five years to enhance its production capabilities and sustainability, aligning with the Paris Agreement's 1.5-degree target.
- Metsa Board Oyj has a solid balance sheet with over EUR 0.5 billion in liquidity, providing financial stability and flexibility to execute its strategy.
- The business environment remains challenging with lower folding boxboard (FBB) volumes, particularly in the US, impacting top-line and profitability.
- The company faces adverse effects from lower paperboard prices and lower contributions from Metsa Fibre.
- Rising oil and natural gas prices due to geopolitical tensions, such as the Iran conflict, are expected to negatively impact logistics and transportation costs.
- Husum mill continues to be a challenge, with ongoing issues affecting working capital and profitability.
- The company anticipates a EUR 10 million negative impact in Q2 from increased logistics and chemical costs due to the Middle East conflict.
Good afternoon and welcome to the presentation of Metsa Board's first quarter results and strategy. My name is Katri Sundstrom. I'm responsible for Investor Relations here in Metsa Board and will be hosting this event today.
We have a live audience here today, which is a great pleasure. But obviously, a majority of our audience will be online, either now or then afterwards through the recording. But warm welcome to you all.
Let me briefly walk you through today's agenda. We will first go through the Q1 results by CEO Esa Kaikkonen; and CFO Anssi Tammilehto. After that, we will have the Q&A session.
Then we will have a short five-minute break. And after that, we will move on to our strategy part. And then we will welcome more management team members here on stage.
Regarding the questions. You here on site, please wait until you will be handed a microphone before asking. And then, of course, the conference call and the open lines will be available both after the Q1 results as well as the
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