Metsä Board (METSB) Investor presentation summary

Strategic focus and market position

• Specializes in premium, recyclable fresh fibre paperboards, mainly for consumer products and packaging alternatives to plastics.

• Holds leading positions in folding boxboard and white kraftliners in Europe and globally.

• Main markets are Europe and North America, with growing demand in APAC.

• Part of a larger group structure ensuring secure access to Nordic fibres and pulps.

• Global packaging market is growing, with paperboard outpacing other materials.

Financial performance and targets

• FY2024 sales were EUR 1,939 million, with a comparable operating result of EUR 69 million (3.6% margin).

• ROCE for 2024 was 3.2%, below the >12% target.

• Dividend proposal for 2024 is EUR 0.07/share, totaling EUR 25 million.

• Net debt increased to EUR 345 million, but financial position remains solid.

• Cash flow from operations dropped significantly, partly due to lower dividends from Metsä Fibre.

Investments and capacity

• EUR 175 million invested in 2024, with major projects in Husum and Kemi expanding capacity and sustainability.

• Simpele mill renewal underway, aiming for higher quality and fossil-free production.

• Ongoing and planned investments focus on competitiveness, sustainability, and new product development.

• Paperboard capacity increased by 240,000 tonnes in 2023, with full market availability expected by 2026.