Metsä Group’s sales in January–September 2022 were Euro 5,238.8 million, compared to Euro 4,456.8 in January–September 2021. Sales increased due to higher sales prices of pulp compared with the previous year, among other factors.
The comparable operating result was Euro 965.5 million (694.0), or 18.4% (15.6) of sales. The increase in the operating result is also explained by the rise in the sales prices of pulp, among other factors.
President and CEO Ilkka Hämälä says: “Metsä Group’s business operations as a whole were very profitable in the 3Q. Despite the strong financial performance and the outlook for the fourth quarter, longer-term outlooks continue to be difficult to predict.
The sawn timber market has seen a decrease in demand and prices during the third quarter after a long period of exceptionally strong performance. The situation is affected by the outlook of the European economy, which has caused a decrease in activity in the construction industry. Similar effects can be seen in the LVL and spruce plywood markets. However, LVL remains a speciality product in construction that replaces fossil-based materials, and it is currently in a strong growth phase, which compensates for the effects of the short-term market situation.”
Metsä Group is a Finnish forest industry group that operates in international markets. Metsä Group's core businesses are tissue and cooking papers (Metsä Tissue), board (Metsä Board), pulp (Metsä Fibre), wood products (Metsä Wood).
