M-real's new segment reporting
M-real Corporation Stock Exchange Release 17.12.2007
M-real has adjusted its historical figures following its earlier
announcements to divest Map Merchant Group and to form a new business
area Graphic Papers. Sales from M-real's industrial business areas to
Map Merchant Group have been treated as external sales.
The historical figures based on the new structure are:
Sales Q3 Q2 Q1/ Q4 Q3 Q2 Q1
MEUR /07 /07 07 2006 /06 /06 /06 /06 2005
Consumer
Packaging 231 243 235 971 241 236 237 257 864
Graphic Papers 574 548 577 2,390 588 586 598 618 2,284
Office Papers 167 183 202 727 189 181 174 183 704
Internal sales&
other
operations 130 122 143 516 163 115 116 122 387
Continuing
operations
total 1,102 1,096 1,157 4,604 1,181 1,118 1,125 1,180 4,239
Discontinued
operations 351 349 379 1,438 377 342 354 365 1,390
Eliminations -87 -85 -104 -418 -120 -93 -101 -104 -388
Total 1,366 1,360 1,432 5,624 1,438 1,367 1,378 1,441 5,241
EBITDA Q3 Q2 Q1 Q4 Q3 Q2 Q1
MEUR /07 /07 /07 2006 /06 /06 /06 /06 2005
Consumer Packaging 45 28 39 131 25 38 24 44 125
Graphic Papers 52 31 27 93 -10 50 -3 56 157
Office Papers 21 15 -8 59 26 15 -2 20 57
Other operations -2 -8 135 -11 4 -3 -11 -1 74
Continuing
operations total 116 66 193 272 45 100 8 119 413
Discontinued operations 7 7 8 27 5 5 8 9 26
Total 123 73 201 299 50 105 16 128 439
EBITDA, excl. non- Q3 Q2 Q1 Q4 Q3 Q2 Q1
recurring items, MEUR /07 /07 /07 2006 /06 /06 /06 /06 2005
Consumer Packaging 45 33 39 131 25 38 24 44 125
Graphic Papers 48 33 41 187 41 52 38 56 167
Office Papers 21 15 22 69 26 15 8 20 68
Other operations -3 -4 -1 -9 2 -2 -7 -1 -2
Continuing
operations total 111 77 101 378 94 103 63 119 358
Discontinued operations 7 7 11 33 11 5 8 9 26
Total 118 84 112 411 105 108 71 128 384
Q3 Q2 Q1 Q4 Q3 Q2 Q1
Operating profit, MEUR /07 /07 /07 2006 /06 /06 /06 /06 2005
Consumer Packaging 27 8 21 43 0 17 2 24 41
Graphic Papers 16 -12 -14 -212 -176 4 -49 9 -49
Office Papers 7 1 -22 -18 -4 -1 -17 4 -5
Other operations -7 -12 112 -42 -7 -8 -18 -9 31
Continuing operations
total 43 -15 97 -229 -187 12 -82 28 18
Discontinued
operations 6 6 7 -42 -59 3 7 7 18
Total 49 -9 104 -271 -246 15 -75 35 36
Operating profit
excl. non-recurring Q3 Q2 Q1 Q4 Q3 Q2 Q1
items, MEUR /07 /07 /07 2006 /06 /06 /06 /06 2005
Consumer Packaging 27 15 21 47 4 17 2 24 41
Graphic Papers 8 -9 0 4 -3 6 -8 9 -17
Office Papers 7 1 8 7 11 -1 -7 4 4
Other operations -6 -9 -8 -40 -8 -8 -15 -9 -46
Continuing operations
total 36 -2 21 18 4 14 -28 28 -18
Discontinued
operations 6 6 10 27 10 3 7 7 22
Total 42 4 31 45 14 17 -21 35 4
Q3 Q2 Q1 Q4 Q3 Q2 Q1
Roce % /07 /07 /07 2006 /06 /06 /06 /06 2005
Consumer Packaging 15.3 4.1 10.9 5.1 0.3 7.5 1.3 10.9 4.8
Graphic Papers 3.2 -2.1 -2.5 -9.5 -31.6 0.8 -8.2 1.7 -1.9
Office Papers 4.9 0.6 -12.0 -2.3 -1.9 -0.2 -9.0 2.2 -0.5
Continuing operations 4.4 -1.1 9.7 -4.7 -16.5 1.7 -6.8 3.0 0.9
Total 4.6 -0.5 9.6 -5.2 -20.3 1.8 -5.6 3.4 1.2
Roce %
excl. Q3 Q2 Q1 Q4 Q3 Q2 Q1
non-recurring items /07 /07 /07 2006 /06 /06 /06 /06 2005
Consumer Packaging 15.3 7.9 10.9 5.6 2.1 7.5 1.3 10.9 4.8
Graphic Papers 1.7 -1.6 0.2 0.3 -0.3 1.1 -1.3 1.7 -0.6
Office Papers 4.9 0.6 5.0 1.1 6.0 -0.2 -3.7 2.2 0.6
Continuing operations 3.7 0.2 2.5 0.9 0.7 1.9 -2.0 3.0 0.2
Total 3.9 0.7 3.3 1.4 1.5 2.0 -1.2 3.4 0.5
Deliveries Q3 Q2 Q1 Q4 Q3 Q2 Q1
1,000 t /07 /07 /07 2006 /06 /06 /06 /06 2005
Consumer
Packaging 297 313 302 1,161 288 285 284 304 1,006
Graphic Papers 760 724 757 3,153 778 772 788 815 3,011
Office Papers 215 241 272 1,039 264 258 251 266 1,034
Paper business
total 975 965 1,029 4,192 1,041 1,031 1,040 1,080 4,045
Production Q3 Q2 Q1 Q4 Q3 Q2 Q1
1,000 t /07 /07 /07 2006 /06 /06 /06 /06 2005
Consumer
Packaging 303 302 311 1,121 279 273 270 299 985
Graphic Papers 752 735 739 3,090 747 763 765 815 2,952
Office Papers 223 257 280 1,028 253 259 252 264 1,034
Paper mills
total 975 992 1,019 4,119 1,000 1,023 1,017 1,079 3,985
Metsä-Botnia 203 201 203 983 255 243 234 251 901
pulp
M-real pulp 455 398 426 1,754 449 443 422 440 1,533
Further information:
Seppo Parvi, CFO, +358 10 469 4321