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Stora Enso’s items affecting comparability in Q1 2017

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STORA ENSO OYJ INVESTOR NEWS 13 April 2017 at 9.00 EEST

Stora Enso will record items affecting comparability (IAC) with a negative net impact of approximately EUR 27 million on operating profit in the first quarter 2017. The IAC will decrease the taxes for the quarter by approximately EUR 6 million.

The IACs are: 

  • a negative IAC of EUR 17 million, of which EUR 14 million will be cash costs, due to the restructuring charges related to the earlier announced planned closure of the paper machine 8 at Kvarnsveden Mill in Sweden.  
  • a devaluation of EUR 10 million related to Green Certificates. 

Allocation of the IAC between segments  

EUR million 
Consumer Board   -3
Packaging Solutions -3
Biomaterials  -3
Wood Products  -
Paper  -18
Other  -
IAC on Operating Profit  -27
IAC on income tax  6
IAC on Net Profit for the Period  -21

Stora Enso’s Q1 2017 results will be published on 27 April 2017.

For further information, please contact:
Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 40 763 8767

Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. Our aim is to replace fossil-based materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 25 000 people in more than 35 countries, and our sales in 2016 were EUR 9.8 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com 

STORA ENSO OYJ 

For further information, please contact:
Ulla Paajanen-Sainio
SVP, Investor Relations
tel. +358 40 763 8767

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