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Metsä tissue's financial reporting in 2003

METSÄ TISSUE'S FINANCIAL REPORTING IN 2003 Metsä Tissue Corporation will report its financial results as follows during 2003: Financial statement bulletin for 2002 6 February 2003 Interim Report for January - March 2003 25 April 2003 Interim Report for January - June 2003 25 July 2003 Interim Report for January - September 2003 24 October 2003 Metsä Tissue's Annual Report for 2002 will be published during the week beginning 3 March 2003. The company's Annual General Meeting will be held on Tuesday, 18 March 2003. METSÄ TISSUE CORPORATION Timo Suuriniemi Chief Financial Officer For more

Hannu Anttila appointed CFO of Metsäliitto Group

HANNU ANTTILA APPOINTED CFO OF METSÄLIITTO GROUP Metsä Tissue Corporation's President and CEO Hannu Anttila (47) is to take over as Senior Vice President, CFO of the Metsäliitto Group during spring 2003, when Kari Haavisto, who currently holds the post, retires. The process of choosing a new President and CEO for Metsä Tissue has already started and the appointment will be announced at a later date. According to Antti Oksanen, Chairman of Metsä Tissue Corporation's Board of Directors and President and CEO of the Metsäliitto Group, Hannu Anttila's appointment is part of the Metsäliitto Group'

METSÄ TISSUE'S POSITIVE PROFIT TREND CONTINUES - PROFIT FOR JANUARY - SEPTEMBER 2002 UP TO EUR 32.1 MILLION

METSÄ TISSUE'S POSITIVE PROFIT TREND CONTINUES - PROFIT FOR JANUARY - SEPTEMBER 2002 UP TO EUR 32.1 MILLION · The Metsä Tissue Group's profit before extraordinary items for the period January - September was EUR 32.1 million, more than double that for the same period in 2001 (14.6 million). · Turnover fell by 1.9 per cent to EUR 477.1 million (486.4 million). · Earnings per share rose to EUR 0.78 (0.25). · Return on capital employed was 15.0 per cent (8.5) , and return on equity 20.7 per cent (11.0). · The gearing ratio fell to 85.0 per cent (123.2 per cent at 31 December 2001). · In line

Metsä tissue to make its tissue business in germany much more competitive

METSÄ TISSUE TO MAKE ITS TISSUE BUSINESS IN GERMANY MUCH MORE COMPETITIVE Metsä Tissue Corp. is vigorously developing all areas of its business operations. The aim of the investment and development programme launched for Metsä Tissue's business operations in Germany is to raise converting levels and quality, particularly of consumer products, and to improve the productivity of manufacture by more than a third compared to the present situation. Converting capacity will be increased by around 15 per cent by developing existing converting lines and by acquiring a new converting line for

Metsä tissue acquisition gets go-ahead from poland's ministry of the interior

METSÄ TISSUE ACQUISITION GETS GO-AHEAD FROM POLAND'S MINISTRY OF THE INTERIOR On 3 October 2002, Metsä Tissue Corporation received permission from Poland's Ministry of the Interior to purchase 9.9 per cent of the shares of the Polish tissue company Zaklady Papiernicze w Krapkowicach S.A. (ZPK). The shares were transferred to Metsä Tissue's ownership on 11 October 2002, bringing its stake in ZPK up to 50.3 per cent. The cost of the acquisition is based on the (100%) debt-free value of the whole of ZPK, which is approximately EUR 10 million. ZPK will be included in Metsä Tissue's consolidated

Metsä Tissue books profit of Eur 16.6 million for first half of 2002

METSÄ TISSUE BOOKS PROFIT OF EUR 16.6 MILLION FOR FIRST HALF OF 2002 · The Metsä Tissue Group's profit before extraordinary items for the first half of the current year doubled to EUR 16.6 million (EUR 7.0 million for the first half of last year). · First-half turnover fell by 3.2 per cent to EUR 314.9 million (325.3 million). · Earnings per share were EUR 0.39 (0.14). · Return on capital employed was 12.2 per cent, and return on equity 16.1 per cent. · The cash flow after capital expenditure was EUR 18.0 million (27.5). · The gearing ratio fell to 105.1 per cent (123.2 per cent at 31

Metsä tissue undertakes to acquire majority in the polish tissue paper company zpk

[REMOVED GRAPHICS]METSÄ TISSUE UNDERTAKES TO ACQUIRE MAJORITY IN THE POLISH TISSUE PAPER COMPANY ZPK Metsä Tissue Corporation has undertaken to acquire 25.5 per cent of the shares of the Polish tissue paper company Zaklady Papiernicze w Krapkowicach S.A. (ZPK). The cost of the share acquisition is EUR 1.3 million. The acquisition price is based on the (100%) debt-free value of the whole of ZPK, which is approximately EUR 10 million. The shares will be acquired in two phases. The first of these took place on 8 May 2002, when Metsä Tissue signed an agreement to purchase 15.6 per cent of ZPK's

Metsä Tissue´s First-quarter Profit Up At Eur 9.6 Million

METSÄ TISSUE´S FIRST-QUARTER PROFIT UP AT EUR 9.6 MILLION · The Metsä Tissue Group's profit before extraordinary items rose to EUR 9.6 million (EUR 2.1 million for the first quarter of 2001). · Turnover fell by 1.9 per cent to EUR 159.2 million (EUR 162.3 million). · Earnings per share were EUR 0.22 (EUR 0.02). · Return on capital employed was 14.0 per cent and return on equity 18.4 per cent. · Cash flow after capital expenditure was EUR 19.6 million. · The gearing ratio fell to 104.8 per cent (123.2 per cent at 31 December 2001). · A letter of intent was signed to acquire a controlling

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