Metsa Q1 Report 2024

• Sales EUR 1,457 million (Q1/2023: EUR 1,634 million)
• Operating result* EUR 70 million (276)
• Operating result* 4.8% of sales (16.9)
• Return on capital employed* 4.0% (15.3)
• The market situation improved from the previous quarter. However, the comparable operating result was weakened by the decline in sales prices compared to Q1/2023 and the strikes in Finland
• The strikes will have a negative impact of EUR 60 million, EUR 40 million of which is allocated to the first quarter
• Exchange rate fluctuations had a negative impact of around EUR 4 million on the result

Events

• A 5-year investment programme with a value of EUR 100 million was launched at the Mänttä tissue paper mill
• We announced that the folding boxboard mill in Kaskinen will not be constructed. Instead, Metsä Board launched programmes for new products and investments at its current mills
• We initiated pre-engineering for a mill for wood fibre packaging products and a pre- study for a textile fibre mill
• Metsä Group and Andritz decided to build a demo plant for the development of new lignin products in Äänekoski