M-real Corporation Stock Exchange Bulletin 18.8.2004 at 3.00 p.m.
M-REAL MAKES WRITE-DOWNS ON FIXED ASSETS
M-real has assessed the book values and estimated current values of
the fixed assets on its balance sheet. As a result of this process, M-
real has decided to make write-downs on fixed assets related to Savon
Sellu and Specialty Papers business. The write-downs amount to EUR 55
million, and will be recorded in third quarter of 2004.
These write-downs will have a negative effect on the Companys third
Board of Directors
Hannu Anttila, President and CEO (as of 1 January 2005), tel. + 358
10 469 4611
Juhani Pöhö, CFO, tel. +358 10 469 5283
Media contacts: Jyrki Antikainen, tel. + 358 10 469 4940, mobile +358
50 357 4292
IR contacts: Antti Nummi, tel.+358 10 469 4432, mobile +358 50 598
Metsä Board is a leading European producer of premium fresh fibre paperboards and forerunner in sustainability. We produce premium lightweight folding boxboards, food service boards and white kraftliners for consumer goods packaging as well as retail-ready and food service applications. We work together with our customers on a global scale to innovate solutions for better consumer experiences with less environmental impact. The pure fresh fibres Metsä Board uses are a renewable resource, traceable to origin in sustainably managed northern forests. We aim for completely fossil-free mills and raw materials by 2030. The global sales network of Metsä Board supports customers worldwide, including brand owners, retailers, converters and merchants. In 2019, the company’s sales totalled EUR 1.9 billion, and it has approximately 2,400 employees. Metsä Board, part of Metsä Group, is listed on the Nasdaq Helsinki.