The Group's consolidated sales reached EUR 2,528.4 million and were therefore close to the previous year's level (2019: EUR 2,544.4 million). A volume-related increase in sales in the packaging division was offset by a price-related decrease in the cartonboard division. EBITDA increased by 2.4% or EUR 9.3 million to EUR 398.9 million (2019: EUR 389.6 million), the EBITDA margin to 15.8% (2019: 15.3%) ). At EUR 231.4 million, the operating result was 9.4% or EUR 23.9 million below the previous year (2019: EUR 255.3 million). Financial income of EUR 1.7 million (2019: EUR 1.4 million) was offset by financial expenses of EUR -7.9 million (2019: EUR -8.4 million). The “other financial result - net” changed to EUR -3.2 million (2019: EUR 2.8 million), primarily due to changes in the foreign currency result. At EUR 222.1 million, earnings before taxes were therefore 11.6% below the previous year (2019: EUR 251.1 million). Income taxes amounted to EUR 59.8 million (2019: EUR 60.9 million), resulting in an effective Group tax rate of 27.0% (2019: 24.3%).
Metsä Board, part of Metsä Group, has been recognised for leadership in corporate sustainability by global environmental non-profit CDP, securing a place on its prestigious ‘A List’ for tackling climate change as well as acting to protect water security and forests – all three environmental themes covered by CDP. Metsä Board is one of only 14 companies that achieved a triple ‘A’, out of nearly 12,000 companies that were scored based on data submitted through CDP’s questionnaires in 2021.
Metsä Board’s mission is to create packaging solutions that respect nature. The fresh fibre raw materials that come from sustainably managed Northern European forests, resource efficient production and the low carbon footprint of lightweight paperboards provide a solid foundation for responsible operations.
“Sustainability is a prerequisite of a profitable business. It is also important for our customers and other stakeholders that the cooperation with Metsä Board is built on a responsible foundation. We have ambitious sustainability targets including 100% fossil free mills and raw materials by the end of 2030. These ‘A List’ positions are a recognition of our systematic work to achieve these goals,” says Mika Joukio, CEO of Metsä Board.
This is the sixth consecutive year that Metsä Board achieved the position on the CDP Climate A list as well as the sixth year placed on the CDP Water A list, and the first time on the CDP Forest A list.