Feb 06, 2015. /Lesprom Network/. Metsä Board Corporation updates its long-term financial targets to better reflect the company’s position as a leading European fresh forest fibre paperboard producer. The updated long- term financial targets are the following:

- Return on Capital Employed (ROCE) minimum 12% from 2017 onwards.

- Net gearing maximum 70%.

The previous ROCE target in place until today was set at minimum 10% and the net gearing target at maximum 100%.

“We launched the final steps of our transformation to a paperboard company on 10 December 2014. We are growing significantly our core business and exiting unprofitable paper production. Thanks to these measures our profitability will be raised to a new improved level during the next couple of years without compromising our solid balance sheet. Our public long-term financial targets are now changed to describe the renewed Metsä Board better,” comments CEO Mika Joukio.

Metsä Board’s dividend policy remains unchanged. The aim is to pay a dividend of at least 1/3 of the Company's EPS, taking into account the net gearing target.

Metsä Board is a leading European folding boxboard and white fresh forest fibre linerboard producer as well as a market pulp supplier.