Sensitivity analysis
Cash flows by currency before financing
| EUR million in 2017 | EUR | SEK | USD* | BRL | CNY | KRW | Other |
| Net sales | 1260 | 55 | 600 | 110 | 66 | 15 | 63 |
| Operating costs | -1155 | -200 | -480 | -120 | -55 | -35 |
-54 |
| Net cash flow | 105 | -145 | 180 | -10 | 11 | -20 |
9 |
*Excluding EUR 140 million indirect exposure
Pulp exposure
| Pulp 1,000 tons | 2017 |
| Own production (softwood) | 257 |
| Usage softwood pulp | 255 |
| Usage hardwood pulp | 507 |
| Net exposure | 505 |
Raw material and energy price sensitivity*
|
EUR million |
Annual impact on EBITDA |
|
Softwood pulp, +5% |
0 |
|
Hardwood pulp, +5% |
-24 |
|
Energy, +5% |
-8 |
|
Titanium dioxide, +5% |
-7 |
*Assuming end of 2017 price levels
