Metsä Tissue achieved its targeted financial result for 2002 - profit improved to eur 37.1 million

STOCK EXCHANGE RELEASE 1(7) 6 February 2003 at 9.00 FINANCIAL STATEMENT BULLETIN FOR 2002 METSÄ TISSUE ACHIEVED ITS TARGETED FINANCIAL RESULT FOR 2002 - PROFIT IMPROVED TO EUR 37.1 MILLION · Profit before extraordinary items improved to EUR 37.1 million (27.1 million in 2001). · Turnover fell by 0.3 per cent to EUR 647.8 million (649.6 million). · Earnings per share were EUR 0.93 (0.80). · Return on capital employed was 13.2 per cent and return on equity 18.1 per cent. · The gearing ratio fell to 77.5 per cent (123.2 per cent at 31 December 2001). · EUR 90 million investments were launched as part of development programmes. · Business operations in Poland were expanded. · The profit and cash flow targets for 2002 were achieved. · The Board of Directors proposes that no dividend be paid for the 2002 financial year. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/02/06/20030206BIT00040/wkr0001.doc The Full Report http://www.waymaker.net/bitonline/2003/02/06/20030206BIT00040/wkr0002.pdf The Full Report