Metsä Board Oyj
METSA.HE · HEL
Company research
Metsä Board Oyj (METSA.HE) is a leading European producer of premium fresh fibre paperboards, headquartered in Espoo, Finland, and listed on the Nasdaq Helsinki. The company specializes in manufacturing lightweight folding boxboards, food service boards, and white kraftliners, holding the #1 position in folding boxboard and white kraftliners in Europe, as well as being the largest global producer of coated white kraftliners. Its products serve a broad range of end markets — including food and food service, healthcare, and consumer goods packaging — and are sold to approximately 90 countries, with Europe and North America representing its primary markets. Part of Metsä Group and backed by Metsäliitto Cooperative, which is owned by over 90,000 Finnish forest owners, Metsä Board generated sales of approximately EUR 1.9 billion in 2024 and employs around 2,300 people, while actively pursuing its sustainability ambition of achieving fully fossil-free mills and raw materials by 2030.
Research reports
Model-based equity report that assesses Metsä Board’s valuation, earnings trajectory, balance sheet leverage, and dividend profile, highlighting negative trailing EPS, weak returns versus the Finnish packaging sector and broader market, and a relatively high debt/equity ratio, with the overall narrative emphasizing earnings and leverage risks rather than a clear upside case.
MarketScreener · April 28, 2026Metsä Board misses revenue estimates and swings to loss (Update)Earnings-focused commentary on Metsä Board’s Q1 2026 results that notes revenue came in below expectations and operating losses widened, summarizing management’s remarks about strong activity and strategic initiatives while underscoring ongoing demand and profitability uncertainty, but without providing a formal rating or explicit investment recommendation.