• Forum
  • Stock Markets
    • MarketsLive prices, indices, and market performance
    • Stock CalendarUpcoming earnings, listings, and corporate events
    • Dividends CalendarFuture and past dividends
  • Companies
    • CompaniesBrowse and filter the full list of listed companies
    • DiscoveryInspiration for your next investment
    • IPOsNew listings and upcoming public offerings
    • AGM InvitationsAnnual general meeting dates and shareholder info
  • Stock Research
    • ResearchExpert stock analysis and recommendations
    • ArticlesNews, insights, and market commentary
    • inderesTVVideo hub for stock research, analysis, and expert commentary
    • TranscriptsFull text records of earnings calls and investor meetings
    • Stock ComparisonCompare financials and performance across multiple stocks
    • Earnings SeasonCompare EPS estimates to reported results
    • Compound Interest CalculatorSee how your savings grow with the power of compound interest.
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer

Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Metsä Board

2.94 EUR-2.07 %31.7, 17.29
10,913 following

METSB

NASDAQ Helsinki

Paper & Forest Products

Basic Materials

Overview
Financials & Estimates
Dividend
Investor consensus
Compare
-2.07 %
+7.94 %
+3.23 %
+12.22 %
-5.59 %
-7.55 %
-59.86 %
-68.48 %
-33.74 %

Metsä Board is a manufacturing company active in the paper and pulp industry. The company is a manufacturer of cartons made of forest fiber. The products are used for consumer and food products. In addition to the production of cartons, the company offers services related to technical analysis and design development. The company is most active in the European market. Metsä Board´s head office is located in Espoo, Finland.

Read more
Market cap
1.04B EUR
Turnover
823.33K EUR
P/E (adj.) (26e)
-139.61
EV/EBIT (adj.) (26e)
136.59
P/B (26e)
0.66
EV/S (26e)
0.89
Dividend yield-% (26e)
-
Coverage
Recommendation
Reduce
Target price
3.00 EUR
Updated
31.07.2026
Antti Viljakainen
Antti Viljakainen

Head of Research

Latest research

Latest analysis report

Released: 31.07.2026

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
Low
High
All
Research
Webcasts
Press releases
ShowingAll content types

Forum discussions
Changes to target prices for UPM on July 24th: Inderes 24 (reduce) —> 22 (reduce) OP 28 (buy) —> 28.5 (buy) Hbanken 29 (buy) —> 28 (buy) Danske 32 (buy) —> 30 (buy) Nordea 31 (buy) —> 29 (buy) DNB Carnegie 24 (hold) —> 23 (hold) It seems that Inderes and DNB’s recommendations and...
7/25/2026, 4:29 AM
by Ju-ha-ni
23
This refers to the so-called mill price of wood fiber, which includes 1) the price of the raw wood itself (=the amount the forest owner receives) + 2) harvesting/short-distance transport costs + 3) long-distance transport costs + 4) other indirect costs related to wood procurement...
7/25/2026, 6:17 PM
by Logitech
13
I have to add a few comments here as well, since Andritz reported strong results and demand has been sufficient in the Pulp & Paper segment. Q2 orders grew by 16% compared to the same period last year, and the entire H1 has been good. There is demand especially from China, where,...
7/30/2026, 11:36 AM
by mardi
12
That’s how it is; the mill price includes half of the other costs, which smooth out the fluctuations in raw wood prices at the gate. A year ago, standing timber prices for pulpwood from first thinnings were around 35 euros, and I believe they averaged about 15 euros this winter. ...
7/26/2026, 3:12 AM
by Rajaseudun sissi
8
The largest cost factor for a pulp mill is wood fiber, usually accounting for over 50% of total costs. In Q2, a lot of expensive wood from older winter logging sites was still being used. Now, in H2, the wood cost for the pulp mill is perhaps 30% cheaper than in H2 2025; companies...
7/25/2026, 5:10 AM
by Rajaseudun sissi
8
Here we go again… Trump is set to impose 50 percent tariffs on Canadian pulp and paper. Will the same happen in Europe? pulpapernews.com Trump administration imposes 50 % Canada tariffs, including pulp and paper... President Donald J. Trump signed three Proclamations pursuant to ...
7/28/2026, 7:38 AM
by Logitech
4
Where has this information come from? Metsä Board Q1 interim report.
7/27/2026, 9:49 AM
by Rajaseudun sissi
3
Read more on our forum
Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
6.8
2026

Interim report Q2'26

29.10
2026

Interim report Q3'26

Metsä Board Q2'26 preview: Forventninger om at nærme sig rentabilitetsgrænsen
Research31.07.2026, 06.40 by
Antti Viljakainen

Metsä Board Q2'26 preview: Forventninger om at nærme sig rentabilitetsgrænsen

Vi gentager vores Reducér-anbefaling på Metsä Board og vores kursmål på 3,00 EUR. Vi ser stadig ikke Metsä Boards afkastforventninger som attraktive, selv med et turnaround, der i bedste fald vil tage tid, og et potentielt strukturelt svækket driftsmiljø. Metsä Board offentliggør sit Q2 regnskab torsdag den 6. august.

Metsä Board
Metsä Board, Half-Year Financial Report for January–June 2026
Webcast06.08.2026, 14.00

Metsä Board, Half-Year Financial Report for January–June 2026

Metsä Board
Press release23.07.2026, 09.15

Metsä Board Oyj: Invitation to Metsä Board's January-June 2026 results webcast on 6 August 2026 at 3:00 pm EEST

Metsä Board

Join Inderes community

Don't miss out - create an account and get all the possible benefits

Inderes account
Followings and notifications on followed companies
Analyst comments and recommendations
Stock comparison tool & other popular tools
Create account
Press release02.07.2026, 12.33

Brands face growing demands on packaging - Metsä Board rethinks packaging development with a new design studio in Milan

Metsä Board
Metsä Board sikrede arbejdsro til implementering af strategien med en låneordning
Analyst Comment25.06.2026, 07.28 by
Antti Viljakainen

Metsä Board sikrede arbejdsro til implementering af strategien med en låneordning

Den proaktive låneordning på 250 MEUR sikrer likviditet og eliminerer refinansieringsrisici i de kommende år.

Metsä Board
Press release24.06.2026, 11.56

Metsä Board Oyj: Metsä Board secures refinancing of EUR 250 million bond maturing in 2027

Metsä Board
Press release04.06.2026, 12.41

Metsä Board Oyj: Metsä Board again featured on the Financial Times Europe's Climate Leaders list

Metsä Board
Press release26.05.2026, 12.38

Metsä Board Oyj: Metsä Board expands its climate targets to end of life emissions with SBTi validation

Metsä Board
Press release19.05.2026, 12.27

Metsä Board Oyj: Metsä Board earns a fourth `A' from CDP with Supplier Engagement Assessment score, complementing earlier Triple A

Metsä Board
Press release07.05.2026, 11.00

Metsä Board Oyj: The strategic collaboration between Metsä Board and HEIDELBERG combines materials and machinery to deliver greater customer value in packaging solutions

Metsä Board
Press release06.05.2026, 09.05

Metsä Board Oyj: Metsä Board showcases Muoto™ moulded fibre solution at Interpack 2026

Metsä Board
Regulatory press release05.05.2026, 13.00

Metsä Board Oyj: Metsä Board Corporation: Managers' transactions (Linnaranta, Jussi)

Metsä Board
Regulatory press release05.05.2026, 13.00

Metsä Board Oyj: Metsä Board Corporation: Managers' transactions (Vanhanen, Jussi)

Metsä Board
Regulatory press release05.05.2026, 13.00

Metsä Board Oyj: Metsä Board Corporation: Managers' transactions (Kiviniemi, Mari)

Metsä Board
Regulatory press release05.05.2026, 13.00

Metsä Board Oyj: Metsä Board Corporation: Managers' transactions (Hankonen-Nybom, Raija-Leena)

Metsä Board
Regulatory press release05.05.2026, 13.00

Metsä Board Oyj: Metsä Board Corporation: Managers' transactions (Craelius, Leena)

Metsä Board
Regulatory press release05.05.2026, 13.00

Metsä Board Oyj: Metsä Board Corporation: Managers' transactions (Peltonen, Daniel)

Metsä Board
Regulatory press release05.05.2026, 13.00

Metsä Board Oyj: Metsä Board Corporation: Managers' transactions (Moisio, Jukka)

Metsä Board
Regulatory press release05.05.2026, 13.00

Metsä Board Oyj: Metsä Board Corporation: Managers' transactions (Mäkimattila, Mikko)

Metsä Board
Regulatory press release05.05.2026, 13.00

Metsä Board Oyj: Metsä Board Corporation: Managers' transactions (Björklund, Elina)

Metsä Board