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Metsä Wood expecting stable sales revenue in Q1

15.02.2016 − 

The lumber and plywood division “Metsä Wood” of Metsä Group is working from the assumption that its sales revenue in the first quarter of this year is going to remain stable at the level of the same quarter of last year. The surplus that still exists in the supply of a number of specifications of spruce lumber in connection with an anticipated usual seasonal upswing in demand will probably decrease. The surplus in the supply of pine lumber will probably persist due to continuing slack demand in the Arab countries. Business in birch plywood is also likely to remain governed by a surplus in supply. The volume of sales of the other wood products such as softwood plywood and kerto LVL is expected to remain stable.

Owing to the cuts made in output at the Vilppula and Renko spruce sawmills, the Merikarvia, Kyro and Lappeenranta pine sawmills, and at the Suolahti softwood plywood works in the fourth quarter, Metsä Wood generated €188m in sales revenue, 13% less than in the same quarter of a year earlier. The operating result, however, was raised by 48.3% to €8.6m. The forestry division “Metsä Forest” generated €364.9m in sales revenue, 8.2% less than in the same period of 2014. Operating profit fell by 22.2% to €6.3m.

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