Metsä Group’s comparable operating result in January–December 2023 was EUR 488 million

January–December 2023 (1–12/2022)
*Sales were EUR 6.110 million (6.980).
*Operating result was EUR 498 million (1.302). Com-parable operating result was EUR 488 million (1.276).
*Result before taxes was EUR 488 million (1.270). Comparable result before taxes was EUR 482 million (1.240).
*Comparable return on capital employed was 7.2% (19.5).
*Net cash flow from operations was EUR 926 million (1.227).

October–December 2023 (10–12/2022)
*Sales were EUR 1.486 million (1.741).
*Operating result was EUR 55 million (316). Comparable operating result was EUR 57 million (311).
*Result before taxes was EUR 50 million (309). Comparable result before taxes was EUR 51 million (306).
*Comparable return on capital employed was 3.9% (18.).
*Net cash flow from operations was EUR 439 million (399).

President and CEO Ilkka Hämälä:
In 2023, economic activity was low, and growth was weak. This was clearly reflected in Metsä Group’s business operations and overall result. The prices of capital goods, which increased amid the strong growth experienced in 2021 and 2022, also contributed to weaker results. However, the long-term outlook for Metsä Group’s products remains good. Wood raw material obtained from sustainably managed forests is converted in our resource-efficient processes into products that people worldwide need in their daily lives. The Group’s operations and product development aim to provide the functionality required by consumers with minimal material and energy use, thereby contributing to solving global resource scarcity. In the early part of the year, we announced our goal to measurably achieve regenerative forestry by 2030. This means that the measures we adopt in commercial forests improve the prerequisites for biodiversity and its development. Improved biodiversity makes forests more resilient to the strain caused by climate change.
more at: https://www.metsagroup.com/news-and-publications/news/2024/metsa-groups-comparable-operating-result-in-januarydecember-2023-was-eur-488-million/

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