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February 13, 2024

Metsä Group sees improved demand and prices for lumber in Q1/2024

Metsä Group's result weakened significantly last year. Comparable operating profit fell to 488 million euros, which is almost 800 million euros less than the previous year. Turnover fell to 6.1 billion euros. There was a drop of almost 900 million euros. The comparable return on invested capital dropped to 7.2 percent, while it was still 19.5 percent a year earlier. According to Ilkka Hämälä, CEO of Metsä Group , last year was a year of low activity and weak growth in the economy, which was also reflected in Metsä Group's result.  ...

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