Unfavourable opinion from Finnish Tax Administration regarding Metsä Board Corporation’s taxation

Metsä Board Corporation Stock exchange release 1 October 2015 at 3.00 p.m. EET


As a result of a group internal ownership arrangement, tax losses were transferred to Metsä Board Corporation in 2014. The company has deducted tax losses from its taxable result for the financial year 2014 and the first half of 2015. The Finnish Tax Administration has given an opinion against the deductibility of the losses.

Consequently, Metsä Board records in its Q3/2015 result approximately EUR 15 million in income tax, which was not recorded in 2014 and H1/2015. Metsä Board will appeal against the opinion of the Tax Administration, as the company believes the losses are deductible.


METSÄ BOARD CORPORATION

More information:
Markus Holm, CFO, tel. +358 10 465 4913
Katri Sundström, VP, Investor Relations, tel. +358 400 976 333


Metsä Board is Europe’s leading producer of folding boxboard and white fresh forest fibre linerboard and a market pulp supplier. It offers premium solutions for consumer and retail packaging and graphics. The company’s sales network serves brand owners, carton printers, corrugated packaging manufacturers and merchants. Metsä Board is part of Metsä Group, and its shares are listed on the NASDAQOMX Helsinki. In 2014, the company’s sales totalled approximately EUR 2.0 billion. The company has approximately 2,800 employees.