Forest landscape in winter

Results Q4/2023

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Focusing on actions for a profitability turnaround and capital release 

President and CEO comments on Q4 results:

Key figures Q4 2023

OPERATIONAL EBIT MARGIN OPERATIONAL ROCE excl. the Forest division (LTM) NET DEBT TO OPERATIONAL EBITDA
2.3% 1.0% 3.2
(Target >13%), LTM = Last 12 months (Target <2.0)

Q4/2023 compared with Q4/2022

Result highlight

  • Sales decreased by 24% to EUR 2,174 million

  • Operational EBIT decreased to EUR 51 million

  • EPS was EUR -0.36

  • Cash flow from operations EUR 323 million

  • Operational ROCE excl. Forest 1.0%

Operational ROCE excl. the Forest division (LTM)

Graph showing ROCE development from Q4/22 to Q423

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