M-resl’s operating result for 2009, excluding non-recurring items, -150 million Euros, can be compared with an operating result of -35 million Euros 2008. Result before taxes, excluding non-recurring items, amounts to -230 million Euros (-178).The fourth quarter operating result, excluding non-recurring items, amounts to seven million Euros (-22 million the previous quarter)."M-real reached a positive operating result, excluding non-recurring items, during the final quarter of the year. The internal profit improvement measures and the gradual recovery of the market situation support the continuation of our positive profit development,” said Mikko Helander, CEO of M-real.