Metsä Board sees H1 sales and operating profit dip but net profit inches up
BRUSSELS, Aug. 8, 2019 (PPI Europe) -Metsä Board has recorded a 4.6% fall in sales to Euro 964.2 million ($1,070.7 million) for the first half of 2019 from the year-earlier period, on the back of lower white kraftliner and market pulp sales.
Folding boxboard (FBB) represented 57% of the firm’s total sales in H1, with white kraftliner and market pulp respectively accounting for 24% and 17%.
Operating profit slipped by 3.5% to Euro 118.3 million, while net profit edged up 0.2% to Euro 95.9 million.
The company said higher paperboard prices, especially for FBB, had a positive effect on its operating result. But ...