Dec 08, 2011. /Lesprom Network/. M-real Corporation expected in connection to the 3Q 2011 result announcement that its operating result, excluding non-recurring items, will in the 4Q 2011 be roughly at the 3Q 2011 level. The 3Q 2011 operating result, excluding non-recurring items, was Euro 6 million, as the company said in a press release received by Lesprom Network. The delivery volumes of pulp and paper have however been lower than expected and the pulp price has decreased more than anticipated. Also the board delivery volumes have been somewhat lower than expected as a result of rapid inventory reduction in different parts of the delivery chain. Due to these facts the 4Q 2011 operating result, excluding non-recurring items, will be clearly weaker than in 3Q 2011. M-real will publish the financial results for 2011 on 9 February 2012. M-real is Europe’s leading primary fibre paperboard producer and a major paper supplier.