Metsä Group reported a comparable operating loss of Euro 27 million for the first nine months of 2025, down from a Euro 170 million profit a year earlier, as deteriorating market conditions pressured its core businesses. Net sales increased to Euro 4.51 billion from Euro 4.27 billion, but operating profitability fell to -0.6% of sales. The drop was primarily driven by weak demand for pulp in Europe and China, and a slowdown in US paperboard orders following tariffs, according to Metsä Group. Demand for market pulp was particularly weak in China, where average sales prices declined by 7% from the previous quarter. …Looking ahead, the company expects softwood pulp demand to remain weak due to competition from hardwood pulp and subdued paper demand. Paperboard deliveries are expected to decline slightly in Q4. Demand for tissue remains stable, but uncertainty persists in greaseproof papers due to Chinese competition.