Q4 2023 Metsa Board Oyj Earnings Call Transcript
Good afternoon, everyone, and welcome to the presentation of Metsa Board's full year 2023 results. My name is Mika Joukio, and I'm the CEO at Metsa Board. Here with me our CFO, Henri Sederholm; and Head of IR, Katri Sundstrom.
So let's first go through the presentation and then take the questions. First, Q4 in brief, the market situation remains quiet during Q4 and paperboard demand was even further depressed by the seasonally slower December.
Our total delivery volumes fell just below 300,000 tonnes, which is significantly below our capacity levels. Low ordering activity led to production adjustment measures and temporary layoffs in some of our mills in Finland, folding boxboard prices decreased slightly and white kraftliner prices remained stable compared to the previous quarter, thanks to the efficient use of working capital. Our cash flow remained strong.
Henri, explain this further in his presentation. The pulp market remained fairly stable and the relevance of pulp has grown in Metsa Board's earnings with the start-up of Metsa Fibre
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