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    METSB   FI0009000665

METSÄ BOARD OYJ

(METSB)
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Delayed Quote. Delayed Nasdaq Helsinki - 01/14 11:29:32 am
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Metsä Board wins prestigious Circular Economy and Quality Award

11/12/2021 | 01:57am EST

Metsä Board Corporation press release 12.11.2021

Metsä Board, part of Metsä Group, has won both the Finnish Circular Economy Award and the Finnish Quality Award in the Laatukeskus Excellence Finland assessment. The circular economy prize was awarded for the first time this year. Both the Quality Award and the Circular Economy Award are based on the international EFQM (European Foundation for Quality Management) model.

The jury of the Circular Economy Award stated that the operations of Metsä Board are clearly outlined, with a systematic approach to defining the company's direction, implementing its strategy and monitoring and reporting on its performance. This was considered a sign of excellent performance and good business practice, as well as strengthening a company's competitiveness from the perspective of a circular economy.

"The circular economy is at the heart of our operations, and I was pleased to see how it was demonstrated at every level of our organisation. This circular economy assessment allowed us to challenge ourselves and helps us further develop our operations," says Anne Uusitalo, Product Safety and Sustainability Director at Metsä Board.

Success in the assessment is valid proof of a company's strategic sustainability work and its high competitiveness. "The results and findings of the assessment provide us with further evidence for systematic development of our operations and processes. It is important for our customers and other stakeholders that the cooperation with Metsä Board is well organised and built on a viable foundation," says Mika Joukio, CEO of Metsä Board.

Link to photo

For further information, please contact:

Marjo Halonen, VP Communications, Metsä Board
Mobile: +358 (0)50 598 7046
Email: marjo.halonen@metsagroup.com

Metsä Board
www.metsaboard.com

Metsä Board is a leading European producer of premium fresh fibre paperboards. We focus on lightweight and high-quality folding boxboards, food service boards and white kraftliners. The pure fresh fibres we use in our products are a renewable resource, traceable to origin in sustainably managed northern forests. We are a forerunner in sustainability, and we aim for completely fossil free mills and raw materials by 2030.

Together with our customers we develop innovative packaging solutions to create better consumer experiences with less environmental impact. In 2020, our sales totalled EUR 1.9 billion, and we have about 2,400 employees. Metsä Board, part of Metsä Group, is listed on the Nasdaq Helsinki.

Follow Metsä Board: TwitterLinkedInYouTubeInstagram

Metsä Group
www.metsagroup.com

Metsä Group leads the way in the bioeconomy. We invest in growth, developing bioproducts and a fossil free future. The raw material for our products is renewable wood from sustainably managed northern forests. We focus on the growth sectors of the forest industry: wood supply and forest services, wood products, pulp, fresh fibre paperboards, and tissue and greaseproof papers.

Metsä Group's annual sales is approximately EUR 5.5 billion, and we have around 9,200 employees in 30 countries. Our international Group has its roots in the Finnish forest: our parent company is Metsäliitto Cooperative owned by 100,000 forest owners.

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Disclaimer

Metsä Board Oyj published this content on 12 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 November 2021 06:56:03 UTC.


© Publicnow 2021
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Sales 2021 2 091 M 2 387 M 2 387 M
Net income 2021 304 M 347 M 347 M
Net cash 2021 25,7 M 29,3 M 29,3 M
P/E ratio 2021 10,8x
Yield 2021 4,56%
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EV / Sales 2021 1,55x
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Nbr of Employees 2 389
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Last Close Price 9,17 €
Average target price 10,03 €
Spread / Average Target 9,41%
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Mika Henrikki Joukio Chief Executive Officer
Henri Tapani Sederholm Chief Financial Officer
Ilkka Tappio Hämälä Chairman
Kirsi Terhikki Komi Independent Director
Veli Rolf Sundbäck Independent Director
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