Net sales showed a year-on-year increase of roughly seven percent on the corresponding period last year. Growth in net sales was largely attributable to a favourable price level and sales mix as well as advantageous exchange rates. Sales of Metsä Tissue’s own brands showed a year-on-year increase of 13 percent.Operating profit was dampened by the rising cost of pulp, recovered fiber, other raw materials and energy. Rising transport costs likewise ate away profits.
Rising costs squeeze Metsä Tissue's profit
May 4 2011 Metsä Tissue posted net sales of 241 million Euros for January-March, yet operating profit dropped to seven million Euros from 19 million the corresponding period last year.
BREAKING