METSÄ BOARD Annual review 2023
Contents
Metsä Board is a leading producer of high-quality and recyclable fresh fibre paperboards in Europe and a forerunner in sustainability.
Business operations and value creation 2 This is Metsä Board 4 CEO’s review 6
Business operations and value creation This is Metsä Board
Strategy and financial targets
8
Value creation
2 4 6 8
Financial development 10 Key figures 12
CEO’s review
Strategy and financial targets
Report of the Board of Directors
Value creation
20 72
• Sustainability statement • Sustainability statement assurance report
Financial development Key figures Report of the Board of Directors
74
Consolidated financial statements
10 12 20 72 74 78
78 Notes to the consolidated financial statements 126 Parent company financial statements 129 Notes to the parent company financial statements 142 The Board’s proposal to the Annual General Meeting for the distribution of funds 143 Auditor’s Report 147 Shares and shareholders 151 Ten years in figures 152 Taxes 153 Production capacities 155 Calculation of key ratios and comparable performance measures Corporate governance 157 Corporate governance statement 165 • Board of Directors of Metsä Board 168 • Corporate Management Team of Metsä Board
• Sustainability statement
• Sustainability statement assurance report
Consolidated financial statements
Notes to the consolidated financial statements
Parent company financial statements
126 129
Notes to the parent company financial statements The Board’s proposal to the Annual General Meeting for the distribution of funds
142 143 147 151 152 153
Auditor’s Report
Shares and shareholders
Ten years in figures
Taxes
Production capacities
Calculation of key ratios and comparable performance measures
155
Corporate governance Corporate governance statement • Board of Directors of Metsä Board
157 165 168 170 174
170 Remuneration report 174 Investor relations and investor information
• Corporate Management Team of Metsä Board
Remuneration report
Investor relations and investor information
Metsä Board Sustainability review presents Metsä Board’s key sustainability objectives and achievements in 2023. The review will be available in spring 2024
Metsä Board Sustainability review 2023
1
METSÄ BOARD ANNUAL REVIEW 2023
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