METSÄ BOARD Annual review 2024
Statement of changes in shareholders’ equity
Consolidated cash flow statement
Business operations and value creation 2 This is Metsä Board 4 CEO’s review 6
Equity attributable to shareholders of parent company
EUR million
Note
1–12/2024
1–12/2023
Reserve for invested restricted equity
Total share holders' equity 2,052.6
Cash flow from operating activities Result for the period
Fair value and other reserves
Non- controlling interest
Share capital
Translation differences
Treasury shares
Retained earnings
39.4 113.0
101.6
EUR million
Note
Total
Adjustments to the result, total
27.3
Shareholders’ equity, 1 Jan 2024
557.9
-66.0
209.1
208.9
992.6
1,897.0
155.6
-5.5
Strategy and financial targets
Interest received
8.8
9.7
Result for the period
25.3
25.3
14.1
39.4
Interest paid
-16.5 9.9 -3.4 -17.2 -96.3
-11.1
8
Value creation
Other comprehensive income net of tax total Comprehensive income total
5.1
-16.7
-71.7
-2.3
-90.7
-5.0
-95.7
Dividends received
82.8
Other financial items, net
2.6
-16.7
-71.7
23.0
-65.4
9.1
-56.2
Financial development 10 Key figures 12
Income tax paid
24.1
Change in working capital
105.8 342.8
Related party transactions Dividends Disposal of treasury shares
Net cash flow from operations
37.8
5.1 5.1 3.3
-88.8
-88.8
-88.8
Report of the Board of Directors
1.8
-1.8
Cash flow from investing activities Capital expenditure
20 20 37 70 89 96
• Sustainability statement
Share based payments
0.1
0.1
0.1
-164.0
-218.4
General information
Shareholders’ equity, 31 Dec 2024
557.9
-82.7
137.4
208.9
-3.7
925.2
1,743.0
164.7
1,907.7
Proceeds from disposal of shares in subsidiaries, net of cash
7.2
-0.5
E – Environment
Proceeds from disposal of other shares
0.5
Proceeds from sale of tangible and intangible assets
35.0
58.9 -0.2
S – Social responsibility
Shareholders’ equity, 1 Jan 2023
557.9
-64.0
283.9
208.9
1,103.2
2,082.0
173.2
2,255.2
-7.8
Change in non-current receivables, net
-1.0
Result for the period
94.8
94.8
6.8
101.6
G – Governance
Net cash flow from investing
-129.9
-159.7
Other comprehensive income net of tax total Comprehensive income total
5.1
-1.9
-74.8
2.6
-74.1
-1.4
-75.6
Annexes to the Sustainability statement
-1.9
-74.8
97.5
20.7
5.4
26.1
Cash flow from financing activities Payment of non-current interest bearing liabilities
-18.7 95.8
-18.9
98 Consolidated financial statements 102 Notes to the consolidated financial statements 150 Parent company financial statements 153 Notes to the parent company financial statements 166 The Board’s proposal to the Annual General Meeting for the distribution of funds 167 Auditor’s Report 171 Sustainability statement assurance report 173 Shares and shareholders 177 Ten years in figures 178 Taxes 179 Production capacities 181 Calculation of key ratios and comparable performance measures Corporate governance 183 Corporate governance statement 190 • Board of Directors of Metsä Board 194 • Corporate Management Team of Metsä Board
Related party transactions Dividends Disposal of treasury shares
Change in current liabilities
5.5
-0.4
5.1 5.1 3.3
-205.8
-205.8
-22.9
-228.7
Change in non-current non-interest bearing liabilities, net
-3.1
4.7
-2.3
2.3
Dividend paid and capital distribution
-88.8 -14.8
-229.7 -244.3
Share based payments
0.1
0.1
0.1
Net cash flow from financing
Shareholders’ equity, 31 Dec 2023
557.9
-66.0
209.1
208.9
992.6
1,897.0
155.6
2,052.6
-5.5
Change in cash and cash equivalents
-107.0
-61.2
Cash and cash equivalents at beginning of period
291.6
356.2
Translation adjustments
-2.1
-3.5
Change in cash and cash equivalents
-107.0 182.6
-61.2 291.6
Cash and cash equivalents at end of period
5.4
Notes to consolidated cash flow statement Adjustments to the result, total Taxes Depreciation, amortisation and impairment charges Share of result from associated companies and joint ventures
12.0 113.6
19.3 93.8 -24.2 -59.1
8.8
Gains and losses on sale of non-current assets
-33.1 10.8
Finance costs, net
-0.1 -4.7 2.2 27.3
Post-employment benefit obligations and provisions
-0.6
Other adjustments
1.5
Adjustments to the result, total
113.0
Change in working capital Inventories
-76.1 -24.0
109.5 103.0 -106.7 105.8
Trade receivables and other receivables Trade payables and other liabilities
3.8
Change in working capital
-96.3
196 Remuneration report 201 Investor relations and investor information
100
101
Consolidated financial statements | METSÄ BOARD ANNUAL REVIEW 2024
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