2024 was a year of setbacks and rising costs for one of Europe’s leading forestry companies

2024 proved to be a difficult year for Metsä Group, one of Europe’s largest forest industry companies. In a statement from President and CEO Ilkka Hämälä, the company revealed that the financial performance for the year was exceptionally weak, with comparable operating profit dropping to €203 million, a significant decrease compared to previous years. The drop in profit was a direct result of various challenging factors, both internal and external, that hindered Metsä’s ability to maintain growth. Weak market conditions and rising costs A key contributor to the financial downturn was the subdued demand ...