Metsä Board Oyj (HEL:METSB)

Revenue by Segment

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Folding Boxboard, Fresh Fibre Linerboard and Market Pulp Businesses			1.95B	2.49B	2.09B	1.89B	1.94B
Folding Boxboard, Fresh Fibre Linerboard and Market Pulp Businesses Growth			-21.66%	19.01%	10.34%	-2.32%	-0.69%
Total			1.95B	2.49B	2.09B	1.89B	1.94B
Total Growth			-21.66%	19.01%	10.34%	-2.32%	-0.69%

Revenue by Geography

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Germany			148.90M	209.80M	161.40M	147.40M	154.40M
Germany Growth			-29.03%	29.99%	9.50%	-4.53%	-11.37%
Italy			136.00M	174.60M	134.60M	120.60M	130.10M
Italy Growth			-22.11%	29.72%	11.61%	-7.30%	-6.94%
Sweden			82.30M	108.60M	100.50M	84.00M	108.50M
Sweden Growth			-24.22%	8.06%	19.64%	-22.58%	-2.52%
Finland			89.80M	99.50M	132.60M	101.80M	77.70M
Finland Growth			-9.75%	-24.96%	30.26%	31.02%	-18.81%
Spain			88.80M	112.00M	79.60M	69.40M	74.70M
Spain Growth			-20.71%	40.70%	14.70%	-7.10%	-8.68%
France			89.90M	104.40M	77.50M	53.70M	65.90M
France Growth			-13.89%	34.71%	44.32%	-18.51%	-18.44%
Poland			120.10M	121.40M	91.70M	73.10M	74.90M
Poland Growth			-1.07%	32.39%	25.44%	-2.40%	-0.53%
The Netherlands			46.80M	30.50M	28.70M	77.50M	86.20M
The Netherlands Growth			53.44%	6.27%	-62.97%	-10.09%	78.47%
Belgium			18.20M	32.10M	23.00M	17.70M	25.40M
Belgium Growth			-43.30%	39.57%	29.94%	-30.31%	5.83%
Other EU			178.10M	-	-	-	-
Turkey			56.20M	137.50M	90.30M	103.80M	118.40M
Turkey Growth			-59.13%	52.27%	-13.01%	-12.33%	13.96%
United Kingdom			106.10M	117.30M	102.90M	79.10M	85.50M
United Kingdom Growth			-9.55%	13.99%	30.09%	-7.49%	-9.24%
Norway			6.90M	8.10M	3.30M	3.60M	43.50M
Norway Growth			-14.81%	145.45%	-8.33%	-91.72%	-16.35%
Other Europe and Middle East			33.20M	41.90M	41.20M	35.60M	161.50M
Other Europe and Middle East Growth			-20.76%	1.70%	15.73%	-77.96%	-33.62%
United States			432.80M	514.50M	401.40M	365.00M	309.40M
United States Growth			-15.88%	28.18%	9.97%	17.97%	12.51%
Canada			56.40M	29.60M	25.20M	17.20M	25.90M
Canada Growth			90.54%	17.46%	46.51%	-33.59%	10.68%
Asia			114.20M	176.10M	173.70M	148.00M	131.80M
Asia Growth			-35.15%	1.38%	17.36%	12.29%	4.77%
Other Countries			137.30M	227.30M	159.00M	167.40M	172.30M
Other Countries Growth			-39.60%	42.96%	-5.02%	-2.84%	53.70%
Other Europe			-	192.50M	141.10M	129.40M	-
Other Europe Growth			-	36.43%	9.04%	-	-
Russia			-	41.90M	116.50M	95.20M	85.50M
Russia Growth			-	-64.03%	22.37%	11.35%	2.76%
Total			1.94B	2.48B	2.08B	1.89B	1.93B
Total Growth			-21.68%	18.97%	10.30%	-2.18%	-0.64%

Source: S&P Global Market Intelligence.