Metsä Board Corporation Stock Exchange Release on 10 December 2014 at 1 p.m. EET
Metsä Board Corporation, part of Metsä Group, expects to book a net of EUR -34 million in non-recurring items in 4Q 2014 operating result consisting of the following:
- EUR 27 million impairment of fixed assets in the Cartonboard business area due to the weak performance of Gohrsmühle mill in Germany
- EUR 14 million cost provision in the Linerboard and Paper business area related to the planned discontinuation of paper production at Husum mill in Sweden
- EUR 7 million sales gain in Other operations related to Niemenranta property in Tampere, Finland
Guidance for Metsä Board’s 4Q 2014 operating result remains unchanged. The operating result excluding non-recurring items is in 4Q 2014 expected to be roughly the same as in 3Q 2014. Metsä Board will announce the full year 2014 results on 5 February 2015.
METSÄ BOARD CORPORATION
For further information, please contact:
Markus Holm, CFO, tel. +358 10 465 4913
Juha Laine, Vice President, Investor Relations and Communications, tel. +358 10 465 4335