Business News

M-REAL RAISES THE ANNUAL PROFIT IMPROVEMENT PROGRAMME TARGET TO EUR 150 MILLION

Wednesday 21. May 2008 - M-real started an internal profit improvement and complexity reduction programme in November 2007 targeting EUR 100 million annual profit improvements.

After continued in-depth investigations, M-real has identified additional profit improvement measures mainly in the business concept simplification in all business areas. Consequently, the original EUR 100 million annual profit improvement target is raised to EUR 150 million. Full annual profitability impact of these measures will be seen from 2010 onwards.

M-real continues the planning for yet additional profit improvement measures that are expected to be published later this year.