Stora Enso’s items affecting comparability in Q2 2017
STORA ENSO OYJ INVESTOR NEWS 14 July 2017 at 9.00 EEST
Stora Enso will record an item affecting comparability (IAC) with a negative impact of approximately EUR 8 million on operating profit in the second quarter 2017. The IAC is a provision related to environmental liabilities at Imatra in Finland. The IAC will decrease the taxes for the quarter by approximately EUR 1 million.
Allocation of the IAC between segments
| EUR million | |
| Consumer Board | -8 |
| Packaging Solutions | - |
| Biomaterials | - |
| Wood Products | - |
| Paper | - |
| Other | - |
| IAC on Operating Profit | -8 |
| IAC on income tax | 1 |
| IAC on Net Profit for the Period | -7 |
Stora Enso’s January–June 2017 results will be published on 26 July 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