Metsä Tissue's result January - March 2008


25/04/2008

Metsä Tissue's turnover for the first quarter of 2008 totaled EUR 230 million
(213) and operating profit EUR 9 million (6) 

Metsä Tissue's turnover for the first quarter of 2008 totaled EUR 230 million
(213) and operating profit EUR 9 million (6). The turnover growth of 8 per cent
over the previous year is partly explained by a growth in volume (2%) and
partly due to a price/mix improvement (6%). 

The businesses managed to continue increasing prices and thereby partly
reducing the negative impact of the high raw material costs. Sales of the
company's own brands - especially Lambi, Serla and Katrin - continued to grow
strongly. Fluctuations in exchange rates, especially the weakening of the US
dollar and British Pound, had a negative impact on turnover and operating
profit. 

Production losses due to the warehouse fire in Zilina were smaller than
expected; however, the fire may affect sales through cancelled campaigns and
temporary loss of shelf space. The central and eastern European tissue paper
markets continue to grow faster than other markets, especially in Russia where
the demand is developing at a rapid pace. 

Metsä Tissue is continuing its projects to reduce complexity especially in the
areas of logistics and production. Energy-saving projects and reducing
emissions are also high on the agenda.