Metsä 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, Metsa 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. Source: ttjonline
Source:
http://www.ttjonline.com/news/mets-wood-posts-16m-first-half-operating-profits/
