Stora Enso’s non-recurring items in first quarter 2012

STORA ENSO OYJ STOCK EXCHANGE RELEASE 5 April 2012 at 9.01 EET

Stora Enso will record non-recurring items (NRI) with a negative impact of approximately EUR 25 million on operating profit and a positive impact of approximately EUR 14 million on financial items in its first quarter 2012 results. The NRI will have a positive tax impact of EUR 5 million and a negative future cash impact of EUR 23 million.

The NRI are:

• NRI with approximately EUR 14 million positive impact on financial items due to reversal of a provision relating to the NewPage Stevens Point Mill paper machine lease Stora Enso recorded in the third quarter of 2011.
• NRI with approximately EUR 10 million negative impact on operating profit due to plans to streamline Swedish maintenance operations, as announced on 8 February 2012. The restructuring measures would reduce annual costs by approximately EUR 21 million, starting gradually from late 2012 onwards.
• NRI with approximately EUR 6 million negative impact on operating profit due to plans to restructure coated magazine paper operations in the Printing and Reading Business Area, as announced on 8 February 2012. The restructuring measures would reduce annual costs by approximately EUR 48 million, with the full impact achieved from the third quarter of 2013 onwards.
• NRI with approximately EUR 9 million negative impact on operating profit due to Renewable Packaging Business Area restructuring plans, including the plans announced in a separate release today. Renewable Packaging would reduce annual costs by approximately EUR 7 million, starting gradually from the fourth quarter of 2012 onwards.
   

Allocation of NRI at operating profit level between segments

*NRI = Non-recurring items. These are exceptional transactions that are not related to normal business operations. The most common non-recurring items are capital gains, additional write-downs, or reversals of write-downs, provisions for planned restructuring and penalties. Non-recurring items are normally specified individually if they exceed one cent per share.

Stora Enso will publish its first quarter results on 24 April 2012 at 13.00 EET (12.00 CET).

For further information, please contact:
Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 2046 21242

www.storaenso.com
www.storaenso.com/investors

Stora Enso is the global rethinker of the paper, biomaterials, wood products and packaging industry. We always rethink the old and expand to the new to offer our customers innovative solutions based on renewable materials. Stora Enso employs some 30 000 people worldwide, and our sales in 2011 amounted to EUR 11.0 billion. Stora Enso shares are listed on NASDAQ OMX Helsinki (STEAV, STERV) and Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) in the International OTCQX over-the-counter market.

STORA ENSO OYJ