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	1.78B	1.94B	1.95B	2.49B	2.09B
Folding Boxboard, Fresh Fibre Linerboard and Market Pulp Businesses Growth	-8.18%	-0.19%	-21.66%	19.01%	10.34%
Total	1.78B	1.94B	1.95B	2.49B	2.09B
Total Growth	-8.18%	-0.19%	-21.66%	19.01%	10.34%

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	147.60M	136.40M	148.90M	209.80M	161.40M
Germany Growth	8.21%	-8.39%	-29.03%	29.99%	9.50%
Italy	124.50M	125.30M	136.00M	174.60M	134.60M
Italy Growth	-0.64%	-7.87%	-22.11%	29.72%	11.61%
Sweden	76.40M	124.90M	82.30M	108.60M	100.50M
Sweden Growth	-38.83%	51.76%	-24.22%	8.06%	19.64%
Finland	134.30M	94.90M	89.80M	99.50M	132.60M
Finland Growth	41.52%	5.68%	-9.75%	-24.96%	30.26%
Spain	89.20M	94.80M	88.80M	112.00M	79.60M
Spain Growth	-5.91%	6.76%	-20.71%	40.70%	14.70%
France	77.60M	75.90M	89.90M	104.40M	77.50M
France Growth	2.24%	-15.57%	-13.89%	34.71%	44.32%
Poland	104.00M	107.30M	120.10M	121.40M	91.70M
Poland Growth	-3.08%	-10.66%	-1.07%	32.39%	25.44%
The Netherlands	59.30M	52.10M	46.80M	30.50M	28.70M
The Netherlands Growth	13.82%	11.32%	53.44%	6.27%	-62.97%
Belgium	13.60M	20.80M	18.20M	32.10M	23.00M
Belgium Growth	-34.62%	14.29%	-43.30%	39.57%	29.94%
Other EU	130.50M	167.70M	178.10M	-	-
Other EU Growth	-22.18%	-5.84%	-	-	-
Turkey	76.00M	90.70M	56.20M	137.50M	90.30M
Turkey Growth	-16.21%	61.39%	-59.13%	52.27%	-13.01%
United Kingdom	92.30M	96.20M	106.10M	117.30M	102.90M
United Kingdom Growth	-4.05%	-9.33%	-9.55%	13.99%	30.09%
Norway	200.00K	500.00K	6.90M	8.10M	3.30M
Norway Growth	-60.00%	-92.75%	-14.81%	145.45%	-8.33%
Other Europe and Middle East	28.70M	35.50M	33.20M	41.90M	41.20M
Other Europe and Middle East Growth	-19.15%	6.93%	-20.76%	1.70%	15.73%
United States	356.30M	432.20M	432.80M	514.50M	401.40M
United States Growth	-17.56%	-0.14%	-15.88%	28.18%	9.97%
Canada	38.60M	45.60M	56.40M	29.60M	25.20M
Canada Growth	-15.35%	-19.15%	90.54%	17.46%	46.51%
Asia	74.80M	97.10M	114.20M	176.10M	173.70M
Asia Growth	-22.97%	-14.97%	-35.15%	1.38%	17.36%
Other Countries	151.70M	140.60M	137.30M	227.30M	159.00M
Other Countries Growth	7.89%	2.40%	-39.60%	42.96%	-5.02%
Other Europe	-	-	-	192.50M	141.10M
Other Europe Growth	-	-	-	36.43%	9.04%
Russia	-	-	-	41.90M	116.50M
Russia Growth	-	-	-	-64.03%	22.37%
Total	1.78B	1.94B	1.94B	2.48B	2.08B
Total Growth	-8.40%	-0.18%	-21.68%	18.97%	10.30%

Source: S&P Global Market Intelligence.