Historical figures based on the new reporting structure
Metsä Board Corporation Stock Exchange Release 13 February 2014 at 10 am EET
Metsä Board Corporation, part of Metsä Group, announced on 6 November 2013 to renew its management and reporting structure as of 1 January 2014 to better reflect the company’s strategy and to create a better platform for growth in the folding boxboard and kraftliner businesses. The company operates through two business areas which will also be the company’s reporting segments from 1Q 2014 reporting onwards:
- Cartonboard
- Linerboard and Paper
Cartonboard business area includes Kyro, Simpele, Tako and Äänekoski folding boxboard mills, Kyro wallpaper machine and Joutseno BCTMP mill located in Finland as well as Gohrsmühle mill in Germany. Linerboard and Paper business area includes Husum mill in Sweden as well as Kemi kraftliner and Kaskinen BCTMP mills in Finland.
Accounting for the 24.9 per cent ownership in Metsä Fibre Oy will remain unchanged. The associated company result of Metsä Fibre will continue to be allocated to business segments based on their respective pulp consumption. About 60 per cent of the result impact of Metsä Fibre ownership is expected to be booked in Linerboard and Paper business area and the rest in the Cartonboard business area.
The historical figures based on the new business area structure are presented in the tables below.
| Sales and result by segment | ||||||
| 2013 | 2013 | 2013 | 2013 | 2013 | 2012 | |
| EUR million | Q4 | Q3 | Q2 | Q1 | Q1-Q4 | Q1-Q4 |
| Cartonboard | 207.6 | 220.0 | 218.4 | 221.5 | 867.5 | 864.2 |
| Linerboard and Paper | 250.3 | 267.4 | 269.1 | 288.3 | 1,075.0 | 1,165.5 |
| Other operations | 76.2 | 72.3 | 76.2 | 76.2 | 300.8 | 363.8 |
| Internal sales | -54.8 | -57.5 | -60.9 | -50.9 | -224.1 | -285.9 |
| Sales | 479.2 | 502.3 | 502.8 | 535.0 | 2,019.3 | 2,107.6 |
| Cartonboard | 22.4 | 24.8 | 22.9 | 29.9 | 99.9 | 120.5 |
| Linerboard and Paper | 29.6 | 20.9 | 31.6 | 30.7 | 112.8 | 84.1 |
| Other operations | 4.7 | -1.7 | -1.8 | 0.8 | 2.1 | 116.8 |
| EBITDA | 56.7 | 44.0 | 52.7 | 61.4 | 214.8 | 321.4 |
| % of sales | 11.8 | 8.8 | 10.5 | 11.5 | 10.6 | 15.3 |
| Cartonboard | 11.9 | 14.6 | 15.4 | 19.8 | 61.7 | 75.7 |
| Linerboard and Paper | 14.6 | 7.2 | 16.2 | 15.1 | 53.1 | 33.8 |
| Other operations | 4.1 | -2.5 | -2.7 | -0.2 | -1.2 | 111.6 |
| Operating result | 30.6 | 19.3 | 28.9 | 34.8 | 113.6 | 221.1 |
| % of sales | 6.4 | 3.8 | 5.7 | 6.5 | 5.6 | 10.5 |
| Non-recurring items in operating result | ||||||
| Cartonboard | 1.7 | 0.0 | 3.1 | 0.0 | 4.8 | 5.1 |
| Linerboard and Paper | -5.8 | 0.0 | 0.0 | 4.6 | -1.2 | 2.8 |
| Other operations | 5.3 | 0.5 | -0.2 | 0.0 | 5.5 | 138.4 |
| Metsä Board Group | 1.2 | 0.5 | 2.9 | 4.6 | 9.2 | 146.2 |
| Cartonboard | 20.7 | 24.8 | 22.3 | 29.9 | 97.6 | 115.3 |
| Linerboard and Paper | 35.4 | 20.9 | 31.6 | 26.1 | 114.0 | 92.0 |
| Other operations | -0.6 | -2.1 | -1.8 | 0.8 | -3.6 | -21.3 |
| EBITDA, excl. non-recurring items | 55.5 | 43.6 | 52.1 | 56.8 | 208.0 | 186.0 |
| % of sales | 11.6 | 8.7 | 10.4 | 10.6 | 10.3 | 8.8 |
| Cartonboard | 10.1 | 14.6 | 12.3 | 19.8 | 56.9 | 70.6 |
| Linerboard and Paper | 20.3 | 7.2 | 16.2 | 10.5 | 54.3 | 31.1 |
| Other operations | -1.2 | -2.9 | -2.5 | -0.1 | -6.8 | -26.8 |
| Operating result, excl. non-recurring items | 29.3 | 18.9 | 26.0 | 30.2 | 104.4 | 74.9 |
| % of sales | 6.1 | 3.8 | 5.2 | 5.6 | 5.2 | 3.6 |
| Operating result, excl. non-recurring items, % of sales | ||||||
| Cartonboard | 4.9 | 6.6 | 5.7 | 8.9 | 6.6 | 8.2 |
| Linerboard and Paper | 8.1 | 2.7 | 6.0 | 3.7 | 5.1 | 2.7 |
| Other operations | -1.5 | -4.0 | -3.3 | -0.2 | -2.3 | -7.3 |
| Return on capital employed % | ||||||
| Cartonboard | 8.8 | 10.8 | 11.8 | 15.3 | 11.8 | 14.6 |
| Linerboard and Paper | 7.7 | 3.7 | 8.4 | 7.8 | 7.0 | 4.4 |
| Metsä Board Group | 8.2 | 5.1 | 6.7 | 7.7 | 7.0 | 12.4 |
| Capital employed, EUR million | ||||||
| Cartonboard | 530.0 | 552.6 | 527.7 | 522.3 | 530.0 | 513.4 |
| Linerboard and Paper | 739.8 | 776.5 | 774.2 | 768.7 | 739.8 | 778.8 |
| Unallocated and eliminations | 281.1 | 243.6 | 576.5 | 573.3 | 281.1 | 674.0 |
| Metsä Board Group | 1,550.9 | 1,572.6 | 1,878.5 | 1,864.3 | 1,550.9 | 1,966.2 |
| Deliveries | 2013 | 2013 | 2013 | 2013 | 2013 | 2012 |
| 1,000 tonnes | Q4 | Q3 | Q2 | Q1 | Q1-Q4 | Q1-Q4 |
| Cartonboard | 209 | 225 | 220 | 217 | 872 | 846 |
| Linerboard and Paper | 250 | 247 | 250 | 279 | 1,027 | 1,024 |
| Cartonboard and Linerboard | ||||||
| and Paper deliveries | 460 | 473 | 470 | 496 | 1,898 | 1,869 |
| Market Pulp | 146 | 163 | 155 | 171 | 635 | 803 |
| Production | 2013 | 2013 | 2013 | 2013 | 2013 | 2012 |
| 1,000 tonnes | Q4 | Q3 | Q2 | Q1 | Q1-Q4 | Q1-Q4 |
| Cartonboard | 219 | 239 | 217 | 241 | 916 | 859 |
| Linerboard and Paper, integrated | 266 | 244 | 269 | 268 | 1,048 | 1,028 |
| Cartonboard and Linerboard | ||||||
| and Paper production | 485 | 484 | 487 | 509 | 1,965 | 1,887 |
| Metsä Fibre pulp mills | 146 | 141 | 141 | 143 | 572 | 611 |
| Metsä Board pulp mills | 331 | 296 | 308 | 314 | 1,249 | 1,234 |
METSÄ BOARD CORPORATION
For further information, please contact:
Markus Holm, CFO, tel. +358 10 465 4913
Juha Laine, Vice President, Investor Relations and Communications, tel. +358 10 465 4335