In 2024, Metsa Group faced a challenging economic environment, resulting in a notable decline in financial performance. The company`s comparable operating result decreased by 59%, reaching EUR 203 million, down from EUR 488 million in 2023. This downturn was primarily attributed to weaker demand, increased raw material costs, and political strikes in Finland. Consequently, sales contracted by 6% to EUR 5.75 billion, and net cash flow from operations dropped significantly to EUR 11 million from EUR 926 million in the previous year.

Despite these financial challenges, Metsa Group remained committed to its sustainability objectives. In December 2024, the company joined Finland`s Circular Economy Green Deal, a voluntary national initiative led by the Finnish Ministry of the Environment and the Ministry of Employment and the Economy. This commitment underscores Metsa Group`s dedication to promoting a low-carbon circular economy by setting ambitious targets for 2035.

Furthermore, Metsa Group launched a regenerative forestry initiative aimed at enhancing natural conditions and establishing best practices as the standard in forestry. This initiative seeks to ensure that Finland`s forests are passed on to future generations with greater biodiversity and climate resilience. For professionals in the wood industry seeking detailed financial information, Metsa Group`s Financial Statements Bulletin for the year 2024 was published on 6 February 2025. The Annual Review 2024 is scheduled for release in the week beginning 17 February 2025.

To stay informed about developments in the wood industry and explore business opportunities, professionals are encouraged to visit WoodBusinessPortal.com. This platform offers comprehensive resources and networking opportunities tailored to industry needs.

Sources:
1. Metsa Group
2. Metsa Group`s Financial Performance in 2024