We create value and wellbeing for several stakeholders

We actively seek opportunities to grow profitably and sustainably, and to create value and wellbeing for our stakeholders. We ensure sustainable, traceable sourcing and promote transparency and ethical practices across the value chain.

Business model

Metsä Board produces lightweight and high quality fresh fibre paperboards made from renewable wood fibre, supporting the circular economy and offering a sustainable alternative to fossil based packaging materials. We are part of Metsä Group, whose parent company, Metsäliitto Cooperative, is owned by around 90,000 Finnish forest owners. The wood raw material is sourced centrally through Metsä Group from forests where biodiversity is taken into account. Metsä Board does not own forests itself.

Our production is located in Finland and Sweden, and we serve customers globally, supported by an efficient and agile supply chain. Our main market areas are Europe and North America.

We have a high degree of energy self sufficiency, and our ownership in our associated company, Metsä Fibre, ensures our high pulp self-sufficiency.

Our customers include international brand owners, converters and mrechants. Our fresh fibre paperboards help customers improve recyclability and material efficiency, and reduce the carbon footprint of packaging. Our long term customer relationships are built on trust and collaboration, supported by our broad range of services

Value creation

Metsä Board's value creation model is described in its Annual Review 2025 on page 8-9 in here

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Sales split by business area

31.12.2025

Sales split by region

31.12.2025

Metsä Board is part of Metsä Group

Metsä Board is the only publicly listed part of Metsä Group. Metsä Board's shares are listed in Nasdaq Helsinki.

Read more about Metsä Group in here.

METSÄ GROUP

SALES
EUR 5.8 BILLION 

PERSONNEL
8,800

 

​METSÄLIITTO COOPERATIVE 

GROUP'S PARENT COMPANY OWNED APPROXIMATELY 90,000 FINNISH FOREST OWNERS

​WOOD SUPPLY AND
FOREST SERVICES

METSÄ WOOD

WOOD PRODUCTS

METSÄ FIBRE

PULP AND
SAWN TIMBER

METSÄ BOARD

PAPERBOARD​

METSÄ TISSUE

TISSUE AND
GREASEPROOF PAPERS​

SALES
EUR 2.5 BILLION
PERSONNEL
600
OWNERSHIP OF METSÄLIITTO COOPERATIVE 100%
SALES
EUR 0.5 BILLION
PERSONNEL
1,600
OWNERSHIP OF METSÄLIITTO COOPERATIVE 100%
SALES
EUR 2,6 BILLION
PERSONNEL
1,400
OWNERSHIP OF METSÄLIITTO COOPERATIVE 55.2%, METSÄ BOARD 24.9%, ITOCHU 19.9%
SALES
EUR 1.8 BILLION
PERSONNEL
1,900
OWNERSHIP OF METSÄLIITTO COOPERATIVE 52% (HOLDING OF VOTES 69%)
SALES
EUR 1,1 BILLION
PERSONNEL
2,400
OWNERSHIP OF METSÄLIITTO COOPERATIVE 100%

METSÄ SPRING | INNOVATION COMPANY