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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Metsä Group
Metsä Group (METS) investor relations material
Metsä Group has been private
Metsä Group Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary29 Oct, 2026
Executive summary
Q1–Q3 sales were €4,008.2m; comparable EBITDA was €356.5m vs €304.5m, and comparable operating loss narrowed to €11.0m from €27.2m.
Q3 comparable EBITDA rose to €99.8m from €39.5m; comparable operating loss narrowed to €4.0m from €71.5m, though all businesses remained below profitability targets.
Cost-saving programme reached its €200m 2026 result-impact target at the start of Q4, ahead of schedule.
Financial highlights
Q1–Q3 sales fell by €500.0m YoY, mainly due to lower sales prices; sales were €4,008.2m vs €4,508.2m.
Q1–Q3 EBITDA was €327.7m vs €314.0m; net loss was €113.0m vs €91.6m, and reported operating loss was €74.8m vs €63.0m.
Q3 sales were €1,267.2m vs €1,439.6m; EBITDA was €96.5m vs €64.4m and net loss was €50.8m vs €70.2m.
Hedged FX movements reduced Q1–Q3 operating result by €117m YoY; comparable-result adjustments included €19.9m of programme costs and €15.7m for Kemi wood-yard reorganisation.
Outlook and guidance
Cost programme target of €200m 2026 result impact was reached at the start of Q4; oil, diesel and gas cost pressures were forecast to persist through year-end and peak around the year turn.
2026–2030 strategy focuses on renewing, competitiveness and customer centricity.
Softwood pulp demand remains subdued; paperboard market balance improved, while sawn timber demand is expected to stay weak in Q4. Longer-than-usual Kemi maintenance shutdown is scheduled for Q4.
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Latest events from Metsä Group
- Q2/2026 profitability improved on cost savings, but H1 results remain below last year.METS
Q2 2026 - Cost savings drove sequential profit gains, but results remained negative year-over-year.METSQ1 2026
- Significant 2024 progress in biodiversity, waste reduction, and renewable energy, with 99.2% fossil-free materials.METSESG presentation
- Profitability turned negative despite higher sales, with cost savings and restructuring underway.METSQ4 2025
- Significant progress in renewable energy, biodiversity, and supply chain sustainability in 2023.METSESG Presentation
- Comparable operating result fell sharply, but Q3 outlook is for improvement.METSQ2 2024
- Profitability fell sharply amid strikes, higher costs, and a major mill incident; Q4 outlook is cautious.METSQ3 2024
- 2024 profit dropped sharply on high costs and disruptions; Q1 2025 outlook is positive.METSQ4 2024
- Sales up 13% year-over-year, but outlook dims amid tariffs and market uncertainty.METSQ1 2025
Next Metsä Group earnings date
Q4 20264 Feb, 2027
Metsä Group
Next Metsä Group earnings date
Q4 20264 Feb, 2027
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