Jan 13, 2011. /Lesprom Network/. M-real Corporation starts a new profit improvement programme for the year 2011. The programme focuses on improving the paper business profitability as well as decreasing variable costs of all businesses, as the company said in a press release received by Lesprom Network. The planned measures are expected to improve M-real's annual operating result by Euro 70 million with full effect from 2012 onwards. The planned measures would improve 2011 result by approximately Euro 30 million. The result in 2011 is thus expected to improve in total by approximately Euro 90 million including the impact of the new programme and the previous years' profit improvement programmes. “M-real has good possibility to mostly cover the accelerated cost inflation by own profit improvement measures. In addition to the earlier implemented measures and this new programme, further profit improvement actions will be searched. The focus of the earlier profit improvement programmes has been on decreasing fixed costs. M-real has, in upcoming years, significant profit improvement potential especially in variable costs, concerning primarily chemical, energy and logistic costs”, says Mikko Helander, CEO of M-real. M-real will continue the actions to eliminate the losses of its paper businesses that would result as a rise in the company’s profitability to a new improved level.