Stora Enso Oyj - Company Announcement

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

Helsinki, Finland, 2012-04-05 08:01 CEST (GLOBE NEWSWIRE) -- 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



Segment               EUR million
---------------------------------
Printing and Reading          -10
---------------------------------
Renewable Packaging           -15
---------------------------------
Total                         -25
---------------------------------


*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