M-REAL´ S KEY FIGURES ACCORDING TO THE N
M-real Corporation Stock Exchange Bulletin 19.4.2004 at 2:00 p.m.
M-REAL´ S KEY FIGURES ACCORDING TO THE NEW BUSINESS STRUCTURE
The financial results of M-reals businesses will be in 2004 reported
as follows:
- Cartons
- Graphics products and Speciality papers
- Offices
- Map Merchant Group
M-real´s old business area structure was as follows:
- Consumer packaging
- Commercial printing
- Home & Office
- Publishing
- Map Merchant Group
The history information according to the new business structure is
enclosed. Metsä Tissue will nevertheless not be included in the
reports for 2004.
M-real publishes the 2004 first quarter results on Thursday 29 April,
2004 at 1:00 p.m. (EET).
M-REAL CORPORATION
Corporate communications
Additional information Thomas Ekström, Vice President, Business
Control, telephone +358 10 469 4962
M-REAL CORPORATION´S NEW BUSINESS STRUCTURE
TURNOVER
EUR Million 2003 2002 IV 03 III 03 II 03 I 03
Cartons 809.0 865.7 196.2 200.3 196.9 215.6
Graphics 2348.0 2483.9 572.6 578.7 574.6 622.1
products and
Speciality
papers
Offices 682.9 782.7 169.5 151.3 170.5 191.6
Map Merchant 1392.6 1542.8 347.6 332.5 345.0 367.5
Group
Metsä Tissue 669.2 647.8 170.6 164.9 169.0 164.7
Internal sales 142.4 241.3 17.7 39.5 51.8 33.4
and other
operations
GROUP TOTAL 6044.1 6564.2 1474.2 1467.2 1507.8 1594.9
TURNOVER
EUR Million IV 02 III 02 II 02 I 02
Cartons 212.5 216.6 218.9 217.7
Graphics 586.6 609.7 619.5 668.1
products and
Speciality
papers
Offices 200.8 183.4 183.7 214.8
Map Merchant 375.0 371.7 387.1 409.0
Group
Metsä Tissue 170.7 162.2 155.7 159.2
Internal sales 41.7 60.5 71.8 67.3
and other
operations
GROUP TOTAL 1587.3 1604.1 1636.7 1736.1
OPERATING PROFIT
AND RESULT
EUR Million 2003 2002 IV 03 III 03 II 03 I 03
Cartons 33.3 84.0 -2.3 15.1 2.5 18.1
Graphics 24.3 149.3 -12.8 10.0 -2.1 29.1
products and
Speciality
papers
Offices 48.2 102.8 8.6 3.9 13.9 21.8
Map Merchant 6.5 -14.9 0.4 -2.7 3.4 5.4
Group
Metsä Tissue 48.9 43.1 15.1 13.8 8.3 11.7
Other -87.4 -40.0 -46.3 -11.2 -11.2 -18.7
operations
OPERATING 73.8 324.3 -37.3 28.9 14.8 67.4
PROFIT
% of turnover 1.2 4.9 -2.5 2.0 1.0 4.2
Net exchange 20.7 -30.5 9.7 -0.5 5.3 6.2
gains/losses
Other financial -174.7 -159.5 -77.6 -32.3 -29.8 -35.0
income
and expenses
PROFIT BEFORE -80.2 134.3 -105.2 -3.9 -9.7 38.6
EXTRAORDINARY
ITEMS
% of turnover -1.3 2.0 -7.1 -0.3 -0.6 2.4
OPERATING PROFIT
AND RESULT
EUR Million IV 02 III II 02 I 02
02
Cartons 6.7 24.2 18.7 34.3
Graphics 25.7 40.5 27.8 55.3
products and
Speciality
papers
Offices 19.6 28.3 26.1 28.8
Map Merchant -9.3 -5.9 -0.9 1.2
Group
Metsä Tissue 5.9 17.2 8.4 11.6
Other 2.1 -7.2 -22.4 -12.5
operations
OPERATING 50.7 97.1 57.7 118.8
PROFIT
% of turnover 3.2 6.1 3.5 6.8
Net exchange 5.0 -16.9 0.2 -18.8
gains/losses
Other financial -45.6 -38.7 -37.2 -38.0
income
and expenses
PROFIT BEFORE 10.1 41.5 20.7 62.0
EXTRAORDINARY
ITEMS
% of turnover 0.6 2.6 1.3 3.6
OPERATING
PROFIT %
2003 2002 IV 03 III 03 II 03 I 03
Cartons 4.1 9.7 -1.2 7.5 1.2 8.4
Graphics 1.0 6.0 -2.2 1.7 -0.4 4.7
products and
Speciality
papers
Offices 7.1 13.1 5.1 2.6 8.2 11.4
Map Merchant 0.5 -1.0 0.1 -0.8 1.0 1.5
Group
Metsä Tissue 7.3 6.7 8.9 8.4 4.9 7.1
GROUP TOTAL 1.2 4.9 -2.5 2.0 1.0 4.2
OPERATING
PROFIT %
IV 02 III 02 II 02 I 02
Cartons 3.2 11.2 8.5 15.8
Graphics 4.4 6.6 4.5 8.3
products and
Speciality
papers
Offices 9.8 15.4 14.2 13.4
Map Merchant -2.5 -1.6 -0.2 0.3
Group
Metsä Tissue 3.5 10.6 5.4 7.3
GROUP TOTAL 3.2 6.1 3.5 6.8
RETURN ON CAPITAL
EMPLOYED, %
2003 2002
Cartons 3.9 9.4
Graphics products and 1.0 5.5
Speciality papers
Offices 5.4 11.0
Map Merchant Group 2.0 - 3.0
Metsä Tissue 14.8 13.2
GROUP TOTAL 1.6 5.8
CAPITAL EMPLOYED 31.12.2003 31.12.200
EUR Million 2
Cartons 882.1 921.6
Graphics products and 2 849.7 2 893.1
Speciality papers
Offices 839.0 973.7
Map Merchant Group 383.2 410.4
Metsä Tissue 343.5 325.5
Other assets 390.9 372.8
GROUP TOTAL 5 688.4 5 897.1
PERSONNEL
Average 2003 2002
Cartons 2 970 3 080
Graphics products and 6 957 7 671
Speciality papers
Offices 2 107 2 125
Map Merchant Group 2 554 2 745
Metsä Tissue 3 308 3 067
Other operations 2 476 2 382
GROUP TOTAL 20 372 21 070
DELIVERIES
1000 tons 2003 2002 IV 03 III II 03 I 03
03
Cartons 1007 1071 250 246 246 265
Graphics products and 2965 2854 745 729 727 763
Speciality papers
Offices 892 902 209 207 229 246
Map Merchant Group 1283 1275 327 312 317 328
DELIVERIES
1000 tons IV 02 III II 02 I 02
02
Cartons 270 268 272 262
Graphics products and 717 687 709 741
Speciality papers
Offices 211 218 223 250
Map Merchant Group 317 307 314 338
OPERATING RATES, %
2003 2002 IV 03 III II 03 I 03
03
Cartons 85 92 79 87 78 94
Graphics products and 84 82 80 83 83 89
Speciality papers
Offices 82 89 75 72 89 93
Paper mills total 83 84 79 80 84 90
OPERATING RATES, %
IV 02 III II 02 I 02
02
Cartons 93 94 89 92
Graphics products and 82 79 81 87
Speciality papers
Offices 79 88 91 96
Paper mills total 82 81 83 89
M-REAL CORPORATION´S OLD BUSINESS STRUCTURE
TURNOVER
EUR Million 2003 2002 IV 03 III 03 II 03 I 03
Consumer 867.9 921.1 211.6 214.8 211.6 229.9
packaging
Commercial 1503.5 1638.4 362.2 364.9 372.8 403.6
printing
Home & Office 682.9 782.7 169.5 151.3 170.5 191.6
Publishing 785.6 790.1 195.0 199.3 187.1 204.2
Map Merchant 1392.6 1542.8 347.6 332.5 345.0 367.5
Group
Metsä Tissue 669.2 647.8 170.6 164.9 169.0 164.7
Internal sales 142.4 241.3 17.7 39.5 51.8 33.4
and other
operations
GROUP TOTAL 6044.1 6564.2 1474.2 1467.2 1507.8 1594.9
TURNOVER
EUR Million IV 02 III 02 II 02 I 02
Consumer 227.0 231.7 232.4 230.0
packaging
Commercial 368.1 403.6 412.5 454.2
printing
Home & Office 200.8 183.4 183.7 214.8
Publishing 204.0 191.0 193.5 201.6
Map Merchant 375.0 371.7 387.1 409.0
Group
Metsä Tissue 170.7 162.2 155.7 159.2
Internal sales 41.7 60.5 71.8 67.3
and other
operations
GROUP TOTAL 1587.3 1604.1 1636.7 1736.1
OPERATING PROFIT
AND RESULT
EUR Million 2003 2002 IV 03 III 03 II 03 I 03
Consumer 34.5 83.4 -1.3 15.2 2.0 18.6
packaging
Commercial 10.6 106.7 -10.6 -2.2 5.1 18.3
printing
Home & Office 48.2 102.8 8.6 3.9 13.9 21.8
Publishing 12.5 43.1 -3.2 12.1 -6.7 10.3
Map Merchant 6.5 -14.9 0.4 -2.7 3.4 5.4
Group
Metsä Tissue 48.9 43.1 15.1 13.8 8.3 11.7
Other -87.4 -40.0 -46.3 -11.2 -11.2 -18.7
operations
OPERATING 73.8 324.3 -37.3 28.9 14.8 67.4
PROFIT
% of turnover 1.2 4.9 -2.5 2.0 1.0 4.2
Net exchange 20.7 -30.5 9.7 -0.5 5.3 6.2
gains/losses
Other financial -174.7 -159.5 -77.6 -32.3 -29.8 -35.0
income
and expenses
PROFIT BEFORE -80.2 134.3 -105.2 -3.9 -9.7 38.6
EXTRAORDINARY
ITEMS
% of turnover -1.3 2.0 -7.1 -0.3 -0.6 2.4
OPERATING PROFIT
AND RESULT
EUR Million IV 02 III 02 II 02 I 02
Consumer 7.0 25.3 17.3 33.8
packaging
Commercial 16.6 22.9 28.3 38.9
printing
Home & Office 19.6 28.3 26.1 28.8
Publishing 8.8 16.5 0.9 17.0
Map Merchant -9.3 -5.9 -0.9 1.2
Group
Metsä Tissue 5.9 17.2 8.4 11.6
Other 2.1 -7.2 -22.4 -12.5
operations
OPERATING 50.7 97.1 57.7 118.8
PROFIT
% of turnover 3.2 6.1 3.5 6.8
Net exchange 5.0 -16.9 0.2 -18.8
gains/losses
Other financial -45.6 -38.7 -37.2 -38.0
income
and expenses
PROFIT BEFORE 10.1 41.5 20.7 62.0
EXTRAORDINARY
ITEMS
% of turnover 0.6 2.6 1.3 3.6
OPERATING
PROFIT %
2003 2002 IV 03 III 03 II 03 I 03
Consumer 4.0 9.1 -0.6 7.1 0.9 8.1
packaging
Commercial 0.7 6.5 -2.9 -0.6 1.4 4.5
printing
Home & Office 7.1 13.1 5.1 2.6 8.2 11.4
Publishing 1.6 5.5 -1.6 6.1 -3.6 5.0
Map Merchant 0.5 -1.0 0.1 -0.8 1.0 1.5
Group
Metsä Tissue 7.3 6.7 8.9 8.4 4.9 7.1
GROUP TOTAL 1.2 4.9 -2.5 2.0 1.0 4.2
OPERATING
PROFIT %
IV 02 III 02 II 02 I 02
Consumer 3.1 10.9 7.4 14.7
packaging
Commercial 4.5 5.7 6.9 8.6
printing
Home & Office 9.8 15.4 14.2 13.4
Publishing 4.3 8.6 0.5 8.4
Map Merchant -2.5 -1.6 -0.2 0.3
Group
Metsä Tissue 3.5 10.6 5.4 7.3
GROUP TOTAL 3.2 6.1 3.5 6.8
RETURN ON CAPITAL
EMPLOYED, %
2003 2002
Consumer packaging 3.7 9.1
Commercial printing 0.9 7.1
Home & Office 5.4 11.0
Publishing 1.1 3.6
Map Merchant Group 2.0 -3.0
Metsä Tissue 14.8 13.2
GROUP TOTAL 1.6 5.8
CAPITAL EMPLOYED 31.12.2003 31.12.2002
EUR Million
Consumer packaging 944.9 991.0
Commercial printing 1 557.1 1 567.5
Home & Office 839.0 973.7
Publishing 1 229.8 1 256.2
Map Merchant Group 383.2 410.4
Metsä Tissue 343.5 325.5
Other assets 390.9 372.8
GROUP TOTAL 5 688.4 5 897.1
PERSONNEL
Average 2003 2002
Consumer packaging 3 051 3 151
Commercial printing 5 283 5 831
Home & Office 2 107 2 125
Publishing 1 593 1 769
Map Merchant Group 2 554 2 745
Metsä Tissue 3 308 3 067
Other operations 2 476 2 382
GROUP TOTAL 20 372 21 070
OPERATING RATES, %
2003 2002 IV 03 III 03 II 03 I 03
Consumer packaging 84 91 79 87 78 94
Commercial printing 83 81 81 82 83 86
Home & Office 82 89 75 72 89 93
Publishing 85 84 79 84 84 93
Paper mills total 83 84 79 80 84 90
OPERATING RATES, %
IV 02 III 02 II 02 I 02
Consumer packaging 92 94 89 89
Commercial printing 79 74 82 90
Home & Office 79 88 91 96
Publishing 87 87 77 85
Paper mills total 82 81 83 89
DELIVERIES
1000 tons 2003 2002 IV 03 III 03 II 03 I 03
Consumer packaging 1082 1129 269 265 265 283
Commercial printing 1768 1757 436 433 439 460
Home & Office 892 902 209 207 229 246
Publishing 1064 977 272 265 258 269
Map Merchant Group 1283 1275 327 312 317 328
DELIVERIES
1000 tons IV 02 III 02 II 02 I 02
Consumer packaging 283 284 287 274
Commercial printing 425 419 441 471
Home & Office 211 218 223 250
Publishing 255 234 235 254
Map Merchant Group 317 307 314 338
