M-real reports improved result
Oct 28 2010 M-real reports improved results for the third quarter of 2010 as well as for the first three quarters of the year.
M-real's selase during the first nine months of 2010 were 1,940 million Euros, compared with 1,826 million the corresponding period last year. Operating result was 136 million Euros (-157). Result before taxes was 72 million Euros (-215).“Our profitability improved further, and the quarterly result was the best we have had in years,” said Mikko Helander, CEO of M-real. ”Annual contract negotiations with the biggest cartonboard customers, concerning price increases and additional deliveries, have proceeded as targeted. The demand outlook in cartonboard is excellent, and thus we have made significant investment decisions. The profit improvement measures related to the paper businesses will continue.”