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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Q1 2024 Metsa Board Oyj Earnings Call Transcript

Apr 25, 2024 / 12:00PM GMT
Release Date Price: €7.06 (-1.33%)
Mika Joukio
Metsa Board Oyj - CEO

Good afternoon, everyone, and welcome to the presentation of Metsa Board's results for January-March 2024. My name is Mika Joukio, and I'm the CEO of Metsa Board. Here with me our CFO, Henri Sederholm, and the Head of IR, Katri Sundström. So let's go through the presentation first and then take the questions. As always, let's first take a summary of Q1 in the year started positively with a significant pickup in the demand for paperboard.

As expected, the average price of folding boxboard fell slightly compared to last year's average price the white Kraft liner price level remained fairly stable. Pulp market also improved, especially in Europe. Pulp demand was boosted by increased activity among paper and paperboard producers, which had a positive impact on European market market pulp prices, there were no planned maintenance shutdowns during the first quarter.

As normally, production volumes increased by 6% compared to the same period last year. And by 28% compared to the previous quarter. In March, the positive development was interrupted by

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