Lower operating profit for Metsä Tissue
Oct 29 2010 Metsä Tissue reports lower operating profit in the first nine months of 2010 than in the corresponding period of 2009.
Metsä Tissue reports a net turnover of 692 million Euros in the first nine months of the year (661). Operating result was 45 million Euros (72). The operating profit was heavily impacted by sharp increases in the cost of raw materials, pulp and recovered paper.Sales of Metsä Tissue's own brands, especially Lambi, Katrin and Serla, showed a year-on-year increase of eleven percent.Metsä Tissue intends to launch production of Saga products at the Düren mill in Germany in the first half of 2011.