M-real to book 205 million Euros negative non-recurring items in operating result
The main items are: 105 million Euros cost provisions and write-downs in Office Papers business area related to the planned closure of the Alizay mill in France; 70 million Euros cost provisions and write-downs in Speciality Papers business area related to the planned discontinuation of the unprofitable production at Gohrsmühle and Reflex mills in Germany; 25 million Euros impairment of assets, write-downs and cost provisions in Consumer Packaging business area related to the restructuring at Äänekoski mill, including the closure of the mill's PM2; five million Euros additional cost provisions and adjustments to the sales price in Market Pulp and Energy related to the divestment of Hallein pulp mill in September 2011. Of the total non-recurring items approximately 190 million Euros will have an impact at the EBITDA level. The write offs will reduce M-real's annual depreciations by approximately two million Euros from 2012 onwards.M-real will announce the financial statements 2011 on 9 February.