Result for the second quarter of 2011: Sales EUR 660 million (Q1/2011: 685); Operating result excluding non-recurring items EUR 32 million (43). Operating result including non-recurring items EUR -32 million (46); Result before taxes excluding non-recurring items EUR 16 million (28) Result before taxes including non-recurring items EUR -53 million (31); Earnings per share from continuing operations excluding non-recurring items EUR 0.04 (0.07), and including non-recurring items EUR -0.17 (0.08).

Events during the second quarter of 2011: M-real announced plans to eliminate losses in the paper business, including divestments of or capacity closures at Alizay, Gohrsmühle and Reflex mills; Increase of Simpele mill’s folding boxboard capacity by 80,000 tonnes; Divestment of the Hallein sulphite pulp mill to Schweighofer Group.