Sensitivity analysis

Pulp exposure

Pulp 1,000 tons
2020
Own production  499
Consumption of pulp 1,223
Net exposure 724


Cash flows by currency before financing

EUR million in 2020
EUR
SEK
USD
BRL
CNY
GBP
KRW
Other
Net sales 1,174 106 1,263 125 70 18 16 39
Operating costs -976 -216 -1,091 -105 -42 -45 -39

-29

Net cash flow
198
-110
172
20
29
-27
-23
11



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