Metsa Board Oyj (OHEL:METSB)
€ 7.38 0.085 (1.17%) Market Cap: 2.66 Bil Enterprise Value: 2.83 Bil PE Ratio: 70.83 PB Ratio: 1.73 GF Score: 86/100
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Q2 2019 Metsa Board Oyj Earnings Call Transcript

Aug 01, 2019 / 12:00PM GMT
Release Date Price: €4.01 (-11.28%)
Mika Joukio;Board Oyj;CEO
MetsÃ

¤-

Good afternoon, everyone, and welcome to Metsä Board's results update for the first half of the year. My name is Mika Joukio, and I am the CEO of Metsä Board. Together here with me, I have our CFO, Jussi Noponen, and Head of Investor Relations, Katri Sundström. As usual, I will first go through the presentation, and after that, we will be happy to answer your questions.

First, the second quarter 2019 in summary: In folding boxboards the demand has been good, and average selling prices have increased year on year. In white kraftliners, the market situation has been clearly softer. After the very strong first half of 2018, demand, especially in Europe, has declined. This has been evident also in our delivery volumes. And in addition, during the second quarter, the average price in kraftliner sales decreased a bit, which was mainly caused by changes in our sales mix. The pulp market has continued to weaken, both in Europe and China, and this had a big impact, negative impact, on our Q2 results. I will return to this later.

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