New historical figures for Metsä Group’s Wood Products Industry and Pulp and Sawn Timber Industry
Metsä Group Stock Exchange Release 12 December 2016 at 9.00 EET
Metsä Group’s Finnish sawmills became part of the Group’s Pulp Industry Metsä Fibre in a group internal transaction on 1 November 2016. Until then, the sawmills had been part of the Group’s Wood Products Industry Metsä Wood. Sawmills included in the transaction were Vilppula, Lappeenranta, Renko, Merikarvia, Kyrö and Eskola. Their combined annual sawn timber production is approximately 1,6 million cubic meters.
The transaction does not impact Metsä Group’s annual sales, comparable operating result or balance sheet ratios. Neither has the transfer any impact on the amount of employees.
Following the transaction the new name for Metsä Group’s Pulp Industry is Pulp and Sawn Timber Industry. Wood Products Industry’s name has not been changed. The new historical figures for 2015 and 2016 for both segments are presented in the tables below.
| Wood Products Industry | 2016 Q1-Q3 | 2016 Q3 | 2016 Q2 | 2016 Q1 | 2015 Q1-Q4 | 2015 Q4 | 2015 Q3 | 2015 Q2 | 2015 Q1 |
| Sales, EUR million | 366.3 | 115.1 | 129.9 | 121.4 | 533.6 | 117.4 | 135.2 | 146.1 | 134.9 |
| EBITA, EUR million | 40.4 | 12.7 | 16.3 | 11.4 | 25.5 | 13.5 | 11.6 | -8.1 | 8.5 |
| Comparable EBITA, EUR million | 40.8 | 12.7 | 16.3 | 11.8 | 43.6 | 12.4 | 11.8 | 5.9 | 13.5 |
| Operating result, EUR million | 30.0 | 9.0 | 13.1 | 7.8 | 6.5 | 9.5 | 7.8 | -15.3 | 4.5 |
| Comparable operating result, EUR million | 30.4 | 9.0 | 13.2 | 8.2 | 27.9 | 8.4 | 8.0 | 7.1 | 4.5 |
| % of sales | 8.3 | 7.8 | 10.1 | 6.8 | 5.2 | 7.1 | 5.9 | 4.8 | 3.4 |
| Comparable ROCE, % | 14.9 | 13.2 | 18.8 | 11.8 | 9.8 | 11.6 | 10.9 | 9.6 | 6.1 |
| Capital investments, EUR million | 8.8 | 6.3 | 1.5 | 1.1 | 12.2 | 4.0 | 4.7 | 1.8 | 1.7 |
| Personnel at end of period | 1 583 | 1 583 | 1 652 | 1 596 | 1 600 | 1 600 | 1 746 | 1 838 | 1 784 |
| Assets at end of period, EUR million | 191.5 | 191.5 | 200.3 | 222.3 | 208.2 | 208.2 | 218.5 | 226.0 | 255.4 |
| Liabilities at end of period, EUR million | 84.7 | 84.7 | 73.9 | 72.9 | 74.6 | 74.6 | 81.5 | 79.5 | 86.1 |
| Pulp and Sawn Timber Industry | 2016 Q1-Q3 | 2016 Q3 | 2016 Q2 | 2016 Q1 | 2015 Q1-Q4 | 2015 Q4 | 2015 Q3 | 2015 Q2 | 2015 Q1 |
| Sales, EUR million | 1 220.0 | 388.7 | 422.5 | 408.8 | 1 771.8 | 442.3 | 430.1 | 487.0 | 412.4 |
| EBITA, EUR million | 225.3 | 70.2 | 69.0 | 86.2 | 415.2 | 96.2 | 100.1 | 112.6 | 106.3 |
| Comparable EBITA, EUR million | 213.6 | 58.5 | 69.0 | 86.2 | 415.2 | 96.2 | 100.1 | 112.6 | 106.3 |
| Operating result, EUR million | 167.5 | 58.1 | 48.2 | 61.2 | 340.7 | 79.7 | 83.4 | 95.6 | 82.0 |
| Comparable operating result, EUR million | 160.9 | 46.4 | 53.2 | 61.2 | 340.7 | 79.7 | 83.4 | 95.6 | 82.0 |
| % sales | 13.2 | 11.9 | 12.6 | 15.0 | 19.2 | 18.0 | 19.4 | 19.6 | 19.9 |
| Comparable ROCE, % | 21.4 | 18.1 | 23.6 | 27.8 | 41.8 | 37.1 | 42.4 | 52.6 | 46.7 |
| Capital expenditure, EUR million | 407.0 | 166.2 | 159.7 | 81.1 | 255.6 | 110.8 | 95.3 | 46.0 | 3.6 |
| Personnel at end of period | 1 271 | 1 271 | 1 377 | 1 252 | 1 275 | 1 275 | 1 284 | 1 407 | 1 270 |
| Assets at end of period, EUR million | 1 404.8 | 1 404.8 | 1 257.0 | 1 142.2 | 1 028.7 | 1 028.7 | 956.6 | 906.8 | 883.3 |
| Liabilities at end of period, EUR million | 373.9 | 373.9 | 384.6 | 330.6 | 322.5 | 322.5 | 287.8 | 273.4 | 267.8 |
EBITDA = Operating result before depreciation and impairment losses
Comparable EBITDA = EBITDA, from which exceptional and material items outside the ordinary course of business have been eliminated
ROCE, % = return on capital employed
METSÄ GROUP
For further information, please contact:
Vesa-Pekka Takala, CFO, Metsä Group, tel. +358 10 465 4260
Metsä Group is a forerunner in bioeconomy utilising renewable wood from sustainably managed northern forests. Metsä Group focuses on wood supply and forest services, wood products, pulp, fresh forest fibre paperboards and tissue and cooking papers.
Metsä Group’s sales totalled EUR 5.0 billion in 2015, and it employs approximately 9,600 people. The Group operates in some 30 countries. Metsäliitto Cooperative is the parent company of Metsä Group and is owned by approximately 116,000 Finnish forest owners.
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