BUSINESS OPERATIONS AND VALUE CREATION
SUSTAINABILITY REPORT
FINANCIAL DEVELOPMENT
GOVERNANCE
2. Profitability
■ 2.1 Segment information
Accounting principles The Corporate Management Team is the chief operational decision-maker monitoring business operations performance based on the operating segments. Metsä Board’s business operations consist solely of folding boxboard, fresh fibre linerboard and market pulp businesses. Metsä Board reports on its financial performance in one reporting segment. Geographical sales are reported based on the location of the customer and assets and capital expenditure based on the location of the assets.
Geographical areas
External sales by location of customer
Non-current assets
Capital expenditure
EUR million
2022 209.8 174.6 108.6 99.5 112.0 104.4 121.4
2021 161.4 134.6 100.5 132.6
2022
2021
2022
2021
Germany
2.5 0.4
3.4 0.5
0.1 0.0
0.1 0.1
Italy
Sweden Finland Spain France Poland
679.0
551.9
196.6 103.8
164.2
1,405.1
1,057.5
55.1
79.6 77.5 91.7 28.7 23.0 141.1
0.1 0.4 0.6
0.2 0.2 0.1
0.0 0.3 0.6
0.2 0.0
The Netherlands
30.5 32.1
Belgium Other EU EU total Turkey
0.3
1.1
0.0
0.0
192.5
1,185.4
970.6
2,088.3
1,614.9
301.4
219.8
137.5 117.3 41.9
90.3
0.0 5.3
0.0
0.0 0.0 0.0
United Kingdom
102.9 116.5
12.2
2.5 0.2
Russia Norway
0.1
8.1
3.3
Other Europe and Middle East
41.9
41.2
USA
514.5 29.6 176.1 227.3
401.4 25.2 173.7 159.0
0.6
1.0
0.1
Canada
Asia
0.3 0.0
0.5 0.0
0.0
0.2 0.0
Other countries
Total
2,479.6
2,084.1
2,094.6
1,628.8
304.1
220.2
Non-current assets include all non-current assets with the exception of derivative financial instruments and deferred tax assets.
Personnel at year end
Personnel average
By country
2022 1,226
2021 1,416
By country
2022 1,340
2021 1,490
Finland Sweden Belgium Germany
Finland Sweden Belgium Germany
744
711 61 49
733
712
63 49 66
57 46 66 10
64 49 63 12 73
USA
61 12 76
USA
Singapore
12
Singapore
Other countries
80
Other countries
110
Total
2,352
2,461
Total
2,248
2,389
Information on most important customers There were no customers with revenue exceeding 10 per cent of total Group revenue in 2022 and 2021.
96
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