Metsä Wood posts €16m first half operating profits
9 August 2012Metsä Wood has posted first-half operating profits of €16m from sales of €471m but the company hinted that its third-quarter performance would be hit by a number of factors.
The company said that seasonal fluctuations in demand, production shutdowns during the summer and high raw material prices in relation to end product prices would have a negative impact.
Overall, Metsä Group recorded operating profits of €105m (2011: €185m) from sales of €2.5bn (2011: €2.8bn).
The group said continuing uncertainty in economies, new regulations such as the suphur directive and increases in the Finnish waste tax have a significant impact on the operations conditions of the forest industry.
