2014-02-13 09:00:00 CET
2014-02-13 09:00:03 CET
REGULATED INFORMATION
Metsä Board Oyj - Company Announcement
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
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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
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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
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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
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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
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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
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EBITDA, excl. 55.5 43.6 52.1 56.8 208.0 186.0
non-recurring items
% 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
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Operating result, 29.3 18.9 26.0 30.2 104.4 74.9
excl. non-recurring items
% 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
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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 281.1 243.6 576.5 573.3 281.1 674.0
eliminations
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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
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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
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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
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