Ad-hoc: Impairment requirements impact profit for the financial year 2025

The annual valuation of assets in accordance with IFRS for the MM Group has resulted in a projected non-cash asset impairment of EUR  65 – 75  million¹⁾ for the financial year 2025.

This relates to an asset impairment within the MM Board & Paper division and is primarily due to weaker long-term cash flow projections compared with previous assumptions.

The impairment impacts the profit for the financial year 2025, which is projected at EUR  74 – 90  million (operating profit in accordance with IFRS EUR  215 – 235  million). It does not affect 2025 adjusted EBITDA, which is expected in a range of EUR  400 – 440  million, nor the adjusted operating profit, which is expected at EUR  190 – 205  million.

This earnings outlook is based on current assessments, which are subject to uncertainties. As previously announced, financial results for 2025 will be published on 17 March, 2026.

¹⁾ Subject to further changes arising from the ongoing audit.