Metsäliitto Group Stock Exchange Release 13 January 2011 at 13.00
Metsäliitto Group estimates to book in its last quarter 2010 operating result a total of EUR -60 million net non-recurring items. The items are:
- EUR -54 million impairments of fixed assets in Board and Paper Industry
- EUR 9 million reversal of impairment of fixed assets in Board and Paper Industry
- EUR -9 million impairments of goodwill and fixed assets in Wood Products Industry
- EUR -6 million other net non-recurring items
The impairment charges will reduce Metsäliitto Group’s annual depreciations by approximately EUR 5 million from 2011 onwards. The non-recurring items have in total a net cash effect of approximately EUR -7 million.
The total net non-recurring items in the operating result for full year 2010 are estimated to be EUR -50 million.
Metsäliitto Group will announce the full year 2010 results on 10 February 2011.
Further information:
Vesa-Pekka Takala, Group CFO, tel. +358 10 465 4260