Stora Enso's non-recurring items in first quarter 2011

STORA ENSO OYJ STOCK EXCHANGE RELEASE 22 March 2011 at 9.01 EET

Stora Enso will record non-recurring items (NRI) with a negative impact of approximately EUR 27 million on operating profit in its first quarter 2011 results. The NRI will have a negative cash impact of EUR 7 million and a beneficial tax impact of EUR 8 million.

A NRI of EUR -29 million relates to closure of the Kopparfors Sawmill, as announced in a separate release today. The other NRI, totalling net EUR 2 million, are related to other restructuring actions and updates of existing provisions.

Allocation of NRI between segments
 

The Group’s financial results for the first quarter of 2011 will be announced on 20 April 2011 at 13.00 EET.

For further information, please contact:
Markus Rauramo, CFO, tel. +358 2046 21121
Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 2046 21242

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


Stora Enso is a global paper, packaging and wood products company producing newsprint and book paper, magazine paper, fine paper, consumer board, industrial packaging and wood products. The Group is the world leader in forest industry sustainability. We offer our customers solutions based on renewable raw materials. Our products provide a climate-friendly alternative to many non-renewable materials, and have a smaller carbon footprint. Stora Enso is listed in the Dow Jones Sustainability Index and the FTSE4Good Index. Stora Enso employs some 26 000 people worldwide, and our sales in 2010 amounted to EUR 10.3 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.


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