Stora Enso Oyj - Company Announcement

Stora Enso completes the divestments of its Barcelona mill and Komárom plant

Helsinki, Finland, 2015-10-02 08:00 CEST (GLOBE NEWSWIRE) -- STORA ENSO OYJ
STOCK EXCHANGE RELEASE 2 October 2015 at 09.00 EET 

Barcelona mill

Stora Enso has completed the divestment announced on 27 July 2015 of its
Barcelona mill, which produces recycled-fibre based consumer board, to the
private equity fund Quantum. The transaction is in line with Stora Enso's
strategy to focus its consumer board offering on high quality virgin-fibre
products. 

The total cash consideration for the divestment of the shares is EUR 10
million, subject to customary closing day adjustments. The transaction has no
material income statement impact. 

Based on the annual figures for 2014, the divestment reduces Stora Enso's
annual sales by EUR 117 million and simultaneously decreases Stora Enso's
annual board production capacity by approximately 195 000 tonnes from the
beginning of the fourth quarter 2015 onwards. The transaction does not have
material impact on Stora Enso's operational EBIT and cash flow going forward,
and it will improve the operational EBIT and EBITDA margins slightly. The
Barcelona mill employs approximately 220 people and was part of Consumer Board
division. 

Komárom plant

In addition, Stora Enso has completed the divestment announced on 31 August
2015 of its packaging plant in Komárom, Hungary, which produces offset printed
micro-flute packaging, to Van Genechten Packaging International S.A. 

The total cash consideration for the divestment of the shares is EUR 13
million, subject to customary closing day adjustments. The transaction has no
material income statement impact. 

Based on the annual figures for 2014, the divestment reduces Stora Enso's
annual sales by EUR 14 million and simultaneously decreases the annual
corrugated packaging converting capacity by approximately 15 million m2 from
the beginning of the fourth quarter 2015 onwards. The Komarom plant employs
approximately 90 people and was part of Packaging Solutions division. 


For further information, please contact:
Ulrika Lilja, EVP Global Communications, tel. +46 72 221 9228
Ulla Paajanen-Sainio, SVP Investor Relations, tel. +358 40 763 8767

Stora Enso is a leading provider of renewable solutions in packaging,
biomaterials, wood and paper on global markets. Our aim is to replace
non-renewable materials by innovating and developing new products and services
based on wood and other renewable materials. We employ some 27 000 people in
more than 35 countries, and our sales in 2014 were EUR 10.2 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) on the
International OTCQX over-the-counter market. www.storaenso.com 

STORA ENSO OYJ