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Non-recurring items in Metsäliitto Group's last quarter 2010 results

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Metsäliitto Group Stock Exchange Release 13 January 2011 at 13.00

Metsäliitto Group estimates to book in its last quarter 2010 operating result a total of EUR -60 million net non-recurring items. The items are:

  • EUR -54 million impairments of fixed assets in Board and Paper Industry
  • EUR 9 million reversal of impairment of fixed assets in Board and Paper Industry
  • EUR -9 million impairments of goodwill and fixed assets in Wood Products Industry
  • EUR -6 million other net non-recurring items

The impairment charges will reduce Metsäliitto Group’s annual depreciations by approximately EUR 5 million from 2011 onwards. The non-recurring items have in total a net cash effect of approximately EUR -7 million.

The total net non-recurring items in the operating result for full year 2010 are estimated to be EUR -50 million.

Metsäliitto Group will announce the full year 2010 results on 10 February 2011.


Further information:
Vesa-Pekka Takala, Group CFO, tel. +358 10 465 4260

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