Annual Review    Financial Statements    Sustainability Report

Shares and Shareholders Risks and Risk Management Board of Directors' Report Consolidated Statements of Income Consolidated Balance Sheets Consolidated Statements of Cash Flows Consolidated Statements of Changes in Shareholders' Equity Notes to Consolidated Financial Statements Parent Company Statement of Income Parent Company Balance Sheet Parent Company Statement of Changes in Shareholders' Equity Financial Indicators 1999-2003 Formulas for Calculation of Indicators Auditors' Report Quarterly Information Exchange Rates Used In 2003, Metso's net sales totaled EUR 4,250 million. The loss before taxes was EUR 303 million. During the year under review, Metso initiated measures in all business areas to improve the cost structure.