Stora Enso Oyj - Company Announcement

Stora Enso’s non-recurring items in fourth quarter 2011

Helsinki, Finland, 2012-01-17 08:00 CET (GLOBE NEWSWIRE) -- STORA ENSO OYJ
STOCK EXCHANGE RELEASE 17 January 2012 at 9.00 EET 

Stora Enso will record non-recurring items (NRI) with a negative impact of
approximately EUR 21 million on operating profit and a negative impact of
approximately EUR 10 million on financial items in its fourth quarter 2011
results. The NRI will have a negative cash impact of EUR 20 million. 

A NRI of approximately EUR -20 million relates to water purification and a
water level adjustment provision at the former mine at Falun in Sweden and a
NRI of approximately EUR -11 million relates to write-downs of Arktos Group
shares and loan receivables. They are both reported in the segment Other and
their impact on operating profit is specified in the table below. 

The NRI detailed above and valuation of deferred tax assets have a beneficial
tax impact of EUR 51 million. 

In addition, there are other NRI-type items related to restructuring and
impairment that do not fulfil the Group NRI criteria* and thus are netted out
at Group level. However, the items are specified at segment level in the table
below. 


Allocation of NRI at operating profit level between segments



Segment               EUR million
---------------------------------
Consumer Board                  5
---------------------------------
Industrial Packaging           -7
---------------------------------
Magazine Paper                  3
---------------------------------
Fine Paper                      4
---------------------------------
Wood Products                  -5
---------------------------------
Other                         -21
---------------------------------
Total                         -21
---------------------------------



*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 fourth quarter and full year 2011 results on 8
February 2012 at 13.00 EET (12.00 CET). 

For further information, please contact:
Markus Rauramo, CFO, tel. +358 2046 21121
Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 40 763 8767

www.storaenso.com

www.storaenso.com/investors



Stora Enso is the global rethinker of the packaging, paper and wood products
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 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. 



STORA ENSO OYJ