English

M-REAL MAKES WRITE-DOWNS ON FIXED ASSETS

Report this content 


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 Company’s third
quarter results.

M-REAL CORPORATION


Board of Directors

Further information:
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
9629

Subscribe