M-real Corporation's fourth quarter result weaker than expected mainly due to EUR 40 million non-recurring expenses
M-real Corporation Stock Exchange Bulletin 11.1.2006 at 3.15 p.m.Out of the total of EUR 40 million, EUR 25 million is attributable to the costsavings and efficiency improvement programme in the Pont Sainte Maxence mill inFrance. Headcount will be further reduced by approximately 60 persons causingredundancy and other non-recurring expenses amounting to EUR 4 million.Furthermore, the book value of the mill's intangible and tangible assetsexcluding land areas, amounting to EUR 21 million, will be written down intheir entirety. The remaining non-recurring items are mainly attributable