Home / Knowledge / News / Textiles / Metsa Group reports Q3 FY20 sales of €1,245 mn

Metsa Group reports Q3 FY20 sales of €1,245 mn

Oct '20
Pic: Metsa Group
Pic: Metsa Group
Metsa Group, a Finnish forest industry group with businesses of tissue and cooking papers, pulp, wood products, has reported its sales of €1,245 million in its third quarter (Q3) FY20 ended on September 30, 2020 compared to sales of €1,373.7 million in same period last year. Company’s result for the period were up to €80.9 million (Q3 FY19: €75.9 million).
“Metsa Group’s result in the third quarter of 2020 was better than we expected at the beginning of the quarter. Compared with our estimate, the most significant improvement came from the paperboard business, where the sales volumes were higher than expected and prices remained stable,” Ilkka Hamala president and CEO at Metsa Group, said in a press release.
“In the pulp business, demand recovered in China during the quarter, and prices also developed favourably in the Asian market. The wood products business was also slightly stronger than expected,” Hamala said.
Company’s operating result for Q3 FY20 was €115.9 million (€110.3 million).
“Through its operations, Metsa Group is responding to the need to provide products made from renewable materials for people’s everyday needs. We are actively developing our operations, starting from better combining the ecological and economic goals related to northern forests to the continuous improvement of our production and operational processes and the introduction of renewable, increasingly resource-efficient products for consumers,” Hamala said.
In its outlook, Metsa stated that wood demand will focus on stands to be harvested when the ground is unfrozen, and on crown wood in terms of energy wood. While, demand for Kerto LVL products has increased in the North American market in particular. And demand for and supply of long-fibre market pulp is expected to stabilise, with demand growing seasonally and supply decreasing because of annual maintenance shutdowns towards the end of the year, as reported.

Fibre2Fashion News Desk (JL)

Must ReadView All

Pic: Shutterstock

Textiles | On 23rd Nov 2020

Japan aims to expand CPTPP trade pact

Japanese Prime Minister Yoshihide Suga recently said his country...

Pic: Shutterstock

Textiles | On 23rd Nov 2020

Bangladesh gets $256.5 mn from Green Climate Fund

Bangladesh recently received $256.5 million from the UN Green Climate ...

Pic: Mulberry

Apparel/Garments | On 23rd Nov 2020

Frasers raises Mulberry stake to 37%, considers offer

The Frasers Group, formerly called Sports Direct, recently announced...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Increased need for online fitting solutions as retailers shift to...

Top executives, Retailers

Top executives

Weak rupee breeds inflation

Manuj Terapanthi, Texaura

Manuj Terapanthi

Transparent supply chain and fair trade will boost sustainable market

Nick Isles,

Nick Isles

The Condé Nast College of Fashion & Design or CNC as it is known as,...

Angelo Leung,

Angelo Leung

Guangdong Asiatex Textiles provides international and domestic apparel...

Poonam Naik Desai,

Poonam Naik Desai

Peekaboo is a sustainable, high quality, luxury sleepwear brand providing...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

November 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search