Stora Enso Oyj - Company Announcement

Stora Enso will record an additional non-recurring item in its fourth quarter 2010 operating profit with EUR 21 million negative impact

Helsinki, Finland, 2011-01-25 08:00 CET (GLOBE NEWSWIRE) -- STORA ENSO OYJ
STOCK EXCHANGE RELEASE 25 January 2011 at 09.00 EET 

Stora Enso will record on its operating profit, in addition to the EUR 223
million positive non-recurring items (NRI) announced on 20 December 2010, a EUR
21 million negative NRI in its fourth quarter 2010 results related to
performance-based rewards that were not paid due to illegal strikes in Finland
in 2005-2009. This new NRI is a provision with cash impact. The NRIs in the
fourth quarter of 2010 total a positive EUR 202 million. 

On 22 December 2010 the Finnish Supreme Court gave a precedent ruling obliging
Stora Enso to pay performance-based rewards also to those employees who had
taken part in illegal industrial action in May 2006. Stora Enso will follow the
ruling and voluntarily pay all unpaid performance-based rewards from
2005-2009,including interest, on the same basis as that covered by the
precedent. 

Allocation of NRI between segments, EUR million



Segment               Announced 25 Jan   Announced 20 Dec   Q4 2010 NRIs - Group
                      2011               2010               total               
--------------------------------------------------------------------------------
Newsprint and Book                 -1.1                 --                  -1.1
Paper                                                                           
--------------------------------------------------------------------------------
Magazine Paper                     -1.1                 --                  -1.1
--------------------------------------------------------------------------------
Fine Paper                         -4.4               64.8                  60.4
--------------------------------------------------------------------------------
Consumer Board                     -5.6              173.2                 167.6
--------------------------------------------------------------------------------
Industrial Packaging               -2.3               -2.7                  -5.0
--------------------------------------------------------------------------------
Wood Products                      -1.0                2.9                   1.9
--------------------------------------------------------------------------------
Other                              -5.2              -15.3                 -20.5
--------------------------------------------------------------------------------
Total                             -20.7              222.9                 202.2
--------------------------------------------------------------------------------


The negative tax impact of EUR 38 million from NRIs announced on 20 December
2010 will remain unchanged. 



For further information, please contact:

Lauri Peltola, Head of Group Communications and Global Responsibility, tel.
+358 2046 21380 
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 27 000 people worldwide, and our sales in 2009 amounted to
EUR 8.9 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