Comparative information on M-real's new business areas and IFRS 14 segments (22 April, 2005)
M-real Corporation Stock Exchange Bulletin 22.4.2005 at 5 p.m.
M-real's new organisation and business area structure came into force on 1
September 2004. The old business structure was however adopted in financial
reporting throughout 2004.
The new business areas in financial reporting from the beginning of 2005 are:
- Consumer Packaging
- Commercial Printing
- Office Papers
- Map Merchant Group
The business areas also form M-real's primary reporting segments according to
The operating profit and capital employed of M-real's wholly owned pulp mills
and Oy Metsä-Botnia Ab (equal to M-real's ownership) are allocated to the
business areas according to their pulp purchases.
M-real's old business structure was:
- Graphics products and Speciality papers
- Map Merchant Group
The attached tables present the comparative key figures of the new business
areas. The financial figures are presented based on both International
Financial Reporting Standards (IFRS) as well as Finnish Accounting Standards
M-real changed its financial reporting standards from FAS to IFRS from the
beginning of 2005. More detailed information of the effects of the transition
on the company's consolidated income statement and balance sheet as well as of
changes in the accounting principles are provided in the stock exchange
bulletin dated 19.4.2005.
M-real publishes the 2005 first quarter interim report on Thursday 28 April,
2004 at 1:00 p.m. (EET).
Whole bulletin with tables
Additional information Thomas Ekström, Vice President, Business Control,
telephone +358 10 469 4962
M-real Corporation, headquartered in Finland and employing some 16,000 people,
is a European paper and paperboard company, providing premium solutions for
consumer packaging, communications and advertising end-uses. Through its
worldwide sales network, M-real serves its customers who mostly comprise
publishers, printers, paper merchants, offices and well-known consumer product
companies and carton printers. M-real is listed on the Helsinki Stock Exchange.
Its turnover in 2004 was EUR 5.5 billion.
Metsä Group is a forerunner in sustainable bioeconomy utilising renewable wood from sustainably managed northern forests. Metsä Group focuses on wood supply and forest services, wood products, pulp, fresh fibre paperboards and tissue and greaseproof papers.
In 2019, Metsä Group’s sales totalled EUR 5.5 billion, and it employs approximately 9,300 people. Metsäliitto Cooperative is the parent company of Metsä Group and is owned by approximately 103,000 Finnish forest owners.