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2007-12-19 10:59:13 CET 2007-12-19 10:59:39 CET REGULATED INFORMATION M-real - Company AnnouncementM-real's result for Q4 under pressure from increased wood costs, adverse currency changes and problems in pulp productionM-real Corporation Stock Exchange Release 19.12.2007 Especially due to the rise in wood and pulp costs, M-real's operating profit excluding non-recurring items will be slightly negative in the fourth quarter 2007. - "The fourth quarter is traditionally weaker than the previous quarter for seasonal reasons. However, the changes in wood raw material cost development and adverse currency rate changes are weighing down results. In addition, M-real has been facing problems mainly in pulp production, which are limited to the fourth quarter only. Their impact on Q4 result is approximately EUR 20 million," says Mikko Helander, CEO to M-real. - "Despite the challenges in the operational environment, there are also positive signs ahead. The company's own cost savings actions, paper and board price increases and the coming on-stream of Metsä-Botnia's Uruguay pulp mill will all support our positive development," Helander points out. M-real will publish its financial results for 2007 on February 6, 2008. M-REAL CORPORATION Further information: Seppo Parvi, CFO, tel. +358 10 469 4321 Anne-Mari Achrén, Communications, tel. +358 10 469 4541 |
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