2015-02-12 12:00:00 CET
2015-02-12 12:00:02 CET
REGULATED INFORMATION
Metsä Board Oyj - Company Announcement
Historical figures based on the new reporting structure
Metsä Board Corporation Stock Exchange Release 12 February 2015 at 1 pm EET
Metsä Board Corporation, part of Metsä Group, announced on 10 December 2014 to
renew its management and reporting structure as of 1 January 2015 to enable
successful implementation of the company's growth strategy in paperboard
businesses.
Metsä Board's reporting segments from the first quarter of 2015 onwards are:
- Paperboard
- Non-core operations
Paperboard segment includes folding boxboard, fresh forest fibre linerboard,
wallpaper base and market pulp businesses. Non-core operations include Husum's
standard paper business until the planned discontinuation latest by end 2017
and Gohrsmühle mill's cast coated and label paper businesses. Capital employed
related to Metsä Board's Pohjolan Voima Oy ownership, earlier reported under
Other operations, has been allocated to Paperboard segment.
Accounting for the 24.9 per cent ownership in Metsä Fibre will remain
unchanged. The associated company result of Metsä Fibre is allocated to
Paperboard segment.
The historical figures based on the new business area structure are presented
in the tables below.
Sales and result by
segment
2014 2014 2014 2014 2014 2013
EUR million Q4 Q3 Q2 Q1 Q1-Q4 Q1-Q4
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Paperboard 363.8 375.1 355.8 349.5 1,444.2 1,368.5
Non-core operations 126.9 127.7 126.5 136.0 517.1 578.7
Other operations 71.5 73.8 71.4 70.7 287.5 300.8
Internal sales -62.7 -62.8 -59.8 -55.0 -240.3 -228.7
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Sales 499.4 513.8 494.0 501.2 2,008.4 2,019.3
Paperboard 66.7 60.6 60.6 58.9 246.8 203.2
Non-core operations -7.4 5.4 0.9 3.8 2.8 9.5
Other operations -3.0 -5.3 -5.6 6.5 -7.4 2.1
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EBITDA 56.4 60.7 55.8 69.2 242.2 214.8
% of sales 11.3 11.8 11.3 13.8 12.1 10.6
Paperboard 51.0 44.2 45.4 43.8 184.3 145.4
Non-core operations -40.5 -4.0 -6.9 -6.1 -57.4 -30.6
Other operations -3.8 -6.0 -6.4 5.8 -10.4 -1.2
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Operating result 6.7 34.2 32.2 43.5 116.5 113.6
% of sales 1.3 6.6 6.5 8.7 5.8 5.6
Non-recurring items in
operating result
Paperboard 0.1 0.0 4.0 0.0 4.1 2.9
Non-core operations -38.6 -1.1 0.0 0.0 -39.7 0.7
Other operations 8.5 0.0 -0.2 7.4 15.7 5.5
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Metsä Board Group -30.1 -1.1 3.8 7.4 -19.9 9.2
Paperboard 67.0 60.6 56.6 58.9 243.0 202.8
Non-core operations 5.1 6.5 0.8 3.8 16.3 8.9
Other operations -11.5 -5.3 -5.4 -0.9 -23.1 -3.7
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EBITDA, excl. 60.6 61.8 52.0 61.8 236.3 208.0
non-recurring items
% of sales 12.1 12.0 10.5 12.3 11.8 10.3
Paperboard 50.9 44.2 41.4 43.8 180.2 142.5
Non-core operations -1.8 -2.9 -6.9 -6.1 -17.7 -31.3
Other operations -12.3 -6.0 -6.1 -1.6 -26.1 -6.8
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Operating result, 36.8 35.2 28.3 36.1 136.5 104.4
excl. non-recurring items
% of sales 7.4 6.9 5.7 7.2 6.8 5.2
Operating result, excl.
non-recurring
Items, % of sales
Paperboard 14.0 11.8 11.6 12.5 12.5 10.4
Non-core operations -1.5 -2.3 -5.4 -4.5 -3.4 -5.4
Return on capital
employed, %
Paperboard 17.6 15.1 15.7 15.3 16.4 12.6
Non-core operations -66.0 -5.6 -8.6 -6.7 -19.5 -8.2
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Metsä Board Group 1.8 9.0 8.5 11.2 7.7 7.0
Return on capital
employed,
excl. non-recurring items,
%
Paperboard 17.6 15.1 14.3 15.3 16.0 12.3
Non-core operations -3.0 -4.1 -8.6 -6.7 -6.0 -8.4
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Metsä Board Group 9.6 9.2 7.5 9.9 9.1 6.4
Capital employed, EUR
million
Paperboard 1,124.7 1,189.5 1,151.1 1,159.3 1,124.7 1,122.4
Non-core operations 212.7 277.9 289.5 349.7 212.7 376.6
Unallocated and 187.9 87.7 90.8 72.5 187.9 51.9
eliminations
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Metsä Board Group 1,525.4 1,555.1 1,531.4 1,581.5 1,525.4 1,550.9
Deliveries 2014 2014 2014 2014 2014 2013
1,000 tonnes Q4 Q3 Q2 Q1 Q1-Q4 Q1-Q4
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Paperboard 326 344 322 318 1,311 1,183
Non-core operations 158 158 153 167 636 716
Paperboard and Paper deliveries 485 502 475 484 1,946 1,898
Market Pulp 148 153 158 152 611 635
Production 2014 2014 2014 2014 2014 2013
1,000 tonnes Q4 Q3 Q2 Q1 Q1-Q4 Q1-Q4
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Paperboard 348 336 349 337 1,370 1,244
Non-core operations 152 163 145 169 629 721
Paperboard and Paper production 500 499 494 506 1,999 1,965
Metsä Board Pulp mills 337 320 299 337 1,294 1,249
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2014 2014 2014 2014 2014 2013
Personnel, total Q4 Q3 Q2 Q1 Q1-Q4 Q1-Q4
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Paperboard 1,405 1,446 1,643 1,417 1,405 1,373
Non-core operations 1,140 1,156 1,141 1,170 1,140 1,218
Other operations 567 562 587 559 567 526
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Personnel, total 3,111 3,164 3,370 3,145 3,111 3,116
2014 2014 2014 2014 2014 2013
Personnel, total average Q4 Q3 Q2 Q1 Q1-Q4 Q1-Q4
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Paperboard 1,474 1,495 1,473 1,376 1,474 1,461
Non-core operations 1,161 1,164 1,175 1,199 1,161 1,237
Other operations 565 564 560 556 565 547
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Personnel, total average 3,200 3,224 3,209 3,131 3,200 3,245
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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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