Stora Enso Oyj - Company Announcement

Stora Enso completes the divestment of its coreboard and core manufacturer Corenso

Helsinki, 2014-12-01 10:30 CET (GLOBE NEWSWIRE) -- STORA ENSO OYJ STOCK
EXCHANGE RELEASE 1 December 2014 at 11.30 EET 

Stora Enso has completed the divestment announced 30 September 2014 of its
Corenso business operations to the Finnish packaging materials company
Powerflute Oyj. The enterprise value of the transaction is approximately EUR 90
million, and the all cash consideration approximately EUR 102 million. The
transaction is estimated to result in a capital gain of approximately EUR 12
million that will be reported as a positive non-recurring item in Stora Enso's
fourth quarter 2014 operating profit. 

Corenso was part of the Stora Enso Renewable Packaging Division. Stora Enso is
focusing on select packaging segments in Packaging Solutions and Consumer
Board, and further developing and investing in these businesses. The divestment
is a natural step in streamlining the business and transforming Stora Enso into
a customer-focused renewable materials company. 

Corenso is one of the world's leading integrated producers of high-performance
core and high-quality coreboard. It employs about 920 employees in 10 countries
in Europe, Asia and North America, and has its head office in Lahti, Finland.
In 2013, Corenso's net sales were EUR 211 million and operational EBIT EUR 26
million. In the first three quarters of 2014, Corenso's net sales were EUR 146
million and operational EBIT EUR 14 million. 

For further information, please contact:

Ulla Paajanen-Sainio, SVP Investor Relations, Stora Enso, tel. +358 40 763 8767

Tommy Borglund, SVP Communications, Stora Enso Renewable Packaging, tel. +46
1046 71709 



www.storaenso.com/investors

renewablepackaging.storaenso.com

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 29 000 people worldwide, and our sales in 2013 amounted to
EUR 10.6 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