Metsä Board, part of Metsä Group, announced on 1 December 2020 that it had signed an agreement to sell a 30 percent stake in its Husum pulp mill in Sweden to the Swedish forest owners’ cooperative (ekonomisk förening) Norra Skog.
The transaction was completed on 4 January 2021, and its impacts will be included in Metsä Board’s financial reporting as of the January–March 2021 interim report.
https://www.metsaboard.com/Media/Stock-Exchange-and-Press-Releases/Pages/Release.aspx?EncryptedId=BF18C11159280429&Title=Thesaleofa30percentstakeintheHusumpulpmilltoNorraSkoghasbeencompleted
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We delivered robust financial performance in the fourth quarter and ended 2024 on a good note. During the fourth quarter, we recorded outstanding net sales growth of +20% driven by better-than-expected volume growth, enabling a solid adjusted EBITDA margin of 13%, up 5% pts vs year ago. Once again, our North American region recorded impressive results with 17% net sales growth and 19% EBITDA margin. I am also satisfied with our result in Region Europe which, despite softer market conditions, managed to grow the topline by 16% and achieve an EBITDA margin of 12%. 2024 was characterized by challenging and rapidly changing market conditions. It was nevertheless a year with significantly improved financial performance versus 2023. Our proactive actions, discipline and flexible approach with strong focus on items we can control have served us well. Our net sales grew by 5% through volume growth, mix and price management. We successfully limited the fixed cost increase below inflation and delivered another sizable contribution to the efficiency enhancement program.
Wood is a natural, renewable resource, and Lecta firmly supports its responsible use to preserve forests, the environment and its value for our society at large. Our Responsible Purchasing of Wood and Forest-Based Products Policy states our commitment regarding the purchasing of pulp and fiber. The policy and its requirements, along with the principles in our Code of Ethics and Lecta's Integrated Management System Policy, ensure the correct management of our purchases, in line with our sustainability targets. In keeping with these values, Lecta’s PEFC and FSC® C011032 Chain of Custody system has been in place for years to guarantee accountability and the protection of forest resources through tracking systems.