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M-real: operating result down 77 % in 2003

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Published in issue 9/2004
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Last year, decreasing paper prices and the unfavourable development in the euro exchange rate gave rise to a sharp reduction in the financial results of the Finnish company M-real Corp. of Helsinki. At €73.8m (2002: €324.3m) the operating result last year was only 23 % of what it had been a year earlier. The ...

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