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Metsäliitto-Group Result 2010. Kari Jordan 10.02.2011. Strong year 2010. 2. Metsäliitto Group’s result from year 2010 was strong Every quarters result were positive Focusing our own strenghts came to fruition We were able to exploit recovered market conditions
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Metsäliitto-GroupResult 2010 Kari Jordan 10.02.2011 Metsäliitto Group 2010
Strong year 2010 2 • Metsäliitto Group’s result from year 2010 was strong • Every quarters result were positive • Focusing our own strenghts came to fruition • We were able to exploit recovered market conditions • Following through the internal development program was continued • Operations were improved throughout Metsäliitto Group 2010
Brighter year on every business area • Intended purchasing numbers were attained in Wood Supply • Faint trade in the beginning of the year was picking up on the second half-year • Wood Product Industry improved its profitability and market situation was also risen • Recovering market situation raised pulp prices and rate of exchange for USD was developing favourably that improved result significantly • Operating time ratios in the mills were very good. Annual pruduction records were broken in Joutseno, Rauma and Äänekoski • In Board and Paper profitability improved significantly • Sales of own brands in Tissue and Cooking Papers still grew Metsäliitto Group 2010
Sales EUR million 4 Metsäliitto Group 2010
Operating result EUR million 2008 2009 2010 5 Metsäliitto Group 2010
Operating result EUR million 6 Metsäliitto Group 2010
Operating result EUR million 2008 2009 2010 7 Metsäliitto Group 2010
ROCEexcl. non-recurring items % Target level 10 % 8 Metsäliitto Group 2010
Interest-bearing net liabilities EUR million 9 Metsäliitto Group 2010
Key figures 10 Metsäliitto Group 2010
Personnel *) FTE = Full Time Equivalent 11 Metsäliitto Group 2010
Wood Supply Metsäliitto Group 2010
Wood Supply 13 Metsäliitto Group 2010
Wood Product Industry Metsäliitto Group 2010
Wood Product Industry 15 Metsäliitto Group 2010
Pulp Industry Metsäliitto Group 2010
Pulp industry 17 Metsäliitto Group 2010
Pulp prices (PIX) 2004–2010 USD EUR Source: Foex 18 Metsäliitto Group 2010
Board and paper industry Metsäliitto Group 2010
Board and Paper industry 20 Metsäliitto Group 2010
Folding box board prices in Europe, EUR/tonnes 21 Metsäliitto Group 2010
Tissue and Cooking Papers Metsäliitto Group 2010
Tissue and Cooking Papers 23 Metsäliitto Group 2010
Summary Metsäliitto Group 2010
Industry’s raw material volumes for year 2011 are on normal level – wood will be purchased evenly through the year Aggregate demand of wood products is not expected to change significantly Pulp demand is expected to stay strong and profitability to stay on good level Demand for board and uncoated fine paper is expected to stay on good level also in the nearest months General demand and strong sales of own brands is expected to continue in Tissue and Cooking papers There are no significant changes in view to market situation and Metsäliitto Group’s operating result excluding non-recurring items in the first quarter of 2011 is expected to be approximately at the same level as in the previous quarter. Favourable development continues 25 Metsäliitto Group 2010
Thank you! Metsäliitto Group 2010