M-real Corporation Stock Exchange Release 22 October 2008
The Graphic Papers business area units, which are to be transferred
to Sappi under the deal announced at the end of September, are
reported in discontinued operations. In the segment reporting, the
Graphic Papers business area's units remaining in M-real have been
reported as part of the Other Papers business area. In addition,
resulting from the changed company structure market pulp and energy
are reported as part of the Market Pulp and Energy business area.
M-real's new management structure and the final business area
structure will be communicated at a later date.
The historical figures based on the changed corporate structure are:
Sales 2008 2008 2007 2007 2007 2007 2007
EUR million Q2 Q1 Q4 Q3 Q2 Q1
Consumer Packaging 244 235 225 231 243 235 934
Office Papers 165 181 171 167 183 202 723
Other Papers 231 240 241 247 232 252 972
Market Pulp and Energy 149 150 134 139 124 142 540
Internal sales &
other operations 40 53 57 86 88 100 330
Continuing operations 829 859 828 870 870 931 3,499
EBITDA 2008 2008 2007 2007 2007 2007 2007
EUR million Q2 Q1 Q4 Q3 Q2 Q1
Consumer Packaging 24 36 24 45 28 39 136
Office Papers 8 16 25 21 15 -8 53
Other Papers 11 34 -3 19 9 -4 21
Market Pulp and Energy 21 20 12 16 9 17 55
Other operations 63 -10 6 -2 -4 134 133
Continuing operations 127 96 64 99 57 178 398
EBITDA, excl. non- 2008 2008 2007 2007 2007 2007 2007
recurring items, EUR million Q2 Q1 Q4 Q3 Q2 Q1
Consumer Packaging 24 37 25 45 33 39 142
Office Papers 8 16 20 21 15 22 78
Other Papers 12 10 3 13 9 10 36
Market Pulp and Energy 21 20 13 17 9 17 56
Other operations -9 -9 5 -2 -1 -1 1
Continuing operations 55 73 66 94 66 87 313
Operating result, 2008 2008 2007 2007 2007 2007 2007
EUR million Q2 Q1 Q4 Q3 Q2 Q1
Consumer Packaging 5 18 0 27 7 21 56
Office Papers -4 3 -173 7 1 -22 -187
Other Papers -6 17 -19 6 -9 -22 -44
Market Pulp and Energy 11 9 5 9 1 9 23
Other operations 65 -10 -1 -6 -5 114 102
Continuing operations 71 37 -188 44 -5 100 -49
Operating result
excl. non-recurring 2008 2008 2007 2007 2007 2007 2007
items, EUR million Q2 Q1 Q4 Q3 Q2 Q1
Consumer Packaging 5 19 8 27 15 21 71
Office Papers -4 3 7 7 0 8 23
Other Papers -6 -7 -13 -2 -9 -8 -33
Market Pulp and Energy 11 9 6 9 1 9 24
Other operations -9 -10 1 -4 -3 -5 -12
Continuing operations -1 14 9 37 4 25 75
2008 2008 2007 2007 2007 2007 2007
ROCE % Q2 Q1 Q4 Q3 Q2 Q1
Consumer Packaging 2.9 9.6 0.1 15.3 4.1 10.9 7.5
Office Papers -2.4 3.1 -114.8 4.9 0.6 -12.0 -29.6
Other Papers -2.7 8.1 -8.7 2.7 -3.8 -10.9 -5.3
Market Pulp and Energy 4.7 4.8 2.6 5.2 0.6 4.4 3.0
Continuing operations 8.9 5.7 -22.4 5.9 -0.1 12.9 -0.8
ROCE %
excl. 2008 2008 2007 2007 2007 2007 2007
non-recurring items Q2 Q1 Q4 Q3 Q2 Q1
Consumer Packaging 2.9 10.1 4.3 15.3 7.9 10.9 9.5
Office Papers -2.4 3.1 5.3 4.9 0.6 5.0 4.2
Other Papers -2.4 -3.2 -6.1 -0.9 -4.2 -3.9 -3.9
Market Pulp and Energy 4.7 4.8 3.2 5.2 0.6 4.4 3.2
Continuing operations -0.2 2.9 1.8 5.1 1.0 4.0 2.8
Deliveries 2008 2008 2007 2007 2007 2007 2007
1,000 t Q2 Q1 Q4 Q3 Q2 Q1
Consumer Packaging 309 298 291 297 313 302 1,203
Office Papers 216 238 219 215 241 272 947
Other Papers 282 290 292 297 277 297 1,163
Paper business total 497 527 511 511 518 570 2,110
Market Pulp and Energy 279 281 247 261 227 262 997
Production 2008 2008 2007 2007 2007 2007 2007
1,000 t Q2 Q1 Q4 Q3 Q2 Q1
Consumer Packaging 294 314 294 303 302 311 1,210
Office Papers 180 200 213 223 257 280 973
Other Papers 291 294 294 296 296 291 1,177
Paper business total 472 494 507 519 552 571 2,150
Metsä-Botnia pulp 1) 233 252 235 203 200 203 841
M-real pulp 391 415 369 417 360 390 1,536
1) corresponds to M-real's share of 30% in Metsä-Botnia
M-REAL CORPORATION
Further information:
Seppo Parvi, CFO, tel. +358 10 465 4321