2012-03-22 08:00:00 CET
2012-03-22 08:00:28 CET
REGULATED INFORMATION
Stora Enso Oyj - Company Announcement
Stora Enso’s historical figures according to new Business Area structure
Helsinki, Finland, 2012-03-22 08:00 CET (GLOBE NEWSWIRE) -- STORA ENSO OYJ
STOCK EXCHANGE RELEASE 22 March 2012 at 9.00 EET
As announced on 17 January 2012, Stora Enso has reorganised its Business Area
and Reporting Segment structure based on the different markets and customers
the Business Areas serve. The new reporting segments are Printing and Reading,
Biomaterials, Building and Living, Renewable Packaging, and Other.
The Printing and Reading Business Area comprises the former Newsprint and Book
Paper, Magazine Paper and Fine Paper reporting segments. The Biomaterials
Business Area comprises mainly tree plantations, the Group's joint-venture
Veracel and Montes del Plata pulp mills, and Nordic stand-alone pulp mills. The
Wood Products Business Area was renamed the Building and Living Business Area.
The Renewable Packaging Business Area comprises the former Consumer Board and
Industrial Packaging reporting segments, and includes the plantations in
Guangxi in China. The segment Other includes the Nordic forest equity accounted
investments, Stora Enso's shareholding in Pohjolan Voima, the operations
supplying wood to the Nordic mills and Group administration.
The historical figures according to the new Business Area structure are
presented in the tables below.
Sales by Segment
EUR 2011 Q4/11 Q3/11 Q2/11 Q1/11 2010 Q4/10
Q3/10 Q2/10 Q1/10
milli
on
--------------------------------------------------------------------------------
------------------
Printi 5 022.0 1 283.8 1 283.1 1 242.6 1 212.5 4 858.0 1 272.9 1
250.1 1 251.2 1 083.8
ng and
Readi
ng
Biomat 1 092.0 255.4 276.4 268.6 291.6 1 071.7 262.7
295.7 297.4 215.9
erials
Buildi 1 671.1 382.0 414.0 465.4 409.7 1 588.7 410.3
424.1 422.7 331.6
ng and
Livin
g
Renewa 3 194.6 756.6 800.6 829.6 807.8 2 971.9 776.0
744.5 763.9 687.5
ble
Packa
ging
Other 2 700.5 643.9 637.4 700.1 719.1 2 501.7 620.9
620.2 641.8 618.8
Inter- -2 715.3 -640.1 -672.2 -689.2 -713.8 -2 695.1 -657.6
-711.0 -684.8 -641.7
segmen
t
sales
--------
Total 10 964.9 2 681.6 2 739.3 2 817.1 2 726.9 10 296.9 2 685.2 2
623.6 2 692.2 2 295.9
================================================================================
===========
Operational EBITDA* by Segment
EUR 2011 Q4/11 Q3/11 Q2/11 Q1/11 2010 Q4/10 Q3/10 Q2/10 Q1/10
milli
on
--------------------------------------------------------------------------------
Printi 547.6 123.3 138.4 138.1 147.8 411.0 110.5 109.6 107.0 83.9
ng and
Readi
ng
Biomat 200.4 26.3 61.5 49.0 63.6 245.6 58.8 85.3 70.7 30.8
erials
Buildi 102.3 15.4 19.6 44.7 22.6 110.7 21.1 35.2 39.5 14.9
ng and
Livin
g
Renewa 495.8 82.7 122.0 142.6 148.5 464.1 107.7 121.7 120.0 114.7
ble
Packa
ging
Other -38.1 -4.8 -2.3 -16.8 -14.2 -14.9 -9.3 14.0 -7.4 -12.2
-------------------------------------------------------------------------
Operat 1 308.0 242.9 339.2 357.6 368.3 1 216.5 288.8 365.8 329.8 232.1
ional
EBITD
A
=========================================================================
*Excluding non-recurring items and fair valuations. Fair valuations include
equity incentive schemes, synthetic options net of realised and open hedges and
CO2 emission rights.
Operational EBIT by Segments
EUR 2011 Q4/11 Q3/11 Q2/11 Q1/11 2010 Q4/10 Q3/10 Q2/10 Q1/10
millio
n
--------------------------------------------------------------------------------
Printin 285.3 55.6 72.3 72.2 85.2 152.7 43.0 45.0 42.5 22.2
g and
Readin
g
Biomate 169.2 27.2 57.3 31.2 53.5 218.1 47.9 81.9 60.6 27.7
rials
Buildin 62.8 6.0 9.8 35.2 11.8 70.9 10.2 25.2 30.1 5.4
g and
Living
Renewab 301.3 32.8 73.6 93.9 101.0 287.2 60.9 78.5 76.2 71.6
le
Packag
ing
Other 48.1 23.3 11.4 6.6 6.8 68.4 15.1 32.5 15.1 5.7
------------------------------------------------------------------------
Operati 866.7 144.9 224.4 239.1 258.3 797.3 177.1 263.1 224.5 132.6
onal
EBIT
Fair -27.5 45.6 -45.8 -26.9 -0.4 8.7 6.5 2.8 -6.1 5.5
valuat
ions
and
non-op eration
al
items*
Non-rec -79.9 -21.0 - -31.7 -27.2 180.2 202.2 5.4 -8.5 -18.9
urring
Items
------------------------------------------------------------------------
Operati 759.3 169.5 178.6 180.5 230.7 986.2 385.8 271.3 209.9 119.2
ng
Profit
(IFRS)
Net -338.4 -59.2 -193.4 -34.6 -51.2 -100.9 -21.7 -51.1 -22.6 -5.5
financ
ial
items
Profit/ 420.9 110.3 -14.8 145.9 179.5 885.3 364.1 220.2 187.3 113.7
Loss
before
Tax
Income -78.7 -10.1 -35.1 -9.9 -23.6 -116.0 -51.1 -25.9 -27.4 -11.6
tax
expens
e
---------------------- ------
Net 342.2 100.2 -49.9 136.0 155.9 769.3 313.0 194.3 159.9 102.1
Profit
/Loss
========================================================================
*Fair valuations and non-operational items include equity incentive schemes,
synthetic options net of realised and open hedges, CO2 emission rights and
valuations of biological assets related to forest assets in equity accounted
investments (EAI) and Group's share of tax and net financial items of EAI.
NRI by Segment
EUR 2011 Q4/11 Q3/11 Q2/11 Q1/11 2010 Q4/10 Q3/10 Q2/10 Q1/10
million
--------------------------------------------------------------------------------
Printing -29.1 3.7 - -27.5 -5.3 2.0 58.2 -44.4 -6.1 -5.7
and
Reading
Biomater 12.6 7.5 - -1.9 7.0 104.0 93.2 - 10.8 -
ials
Building -33.5 -4.6 - - -28.9 4.0 1.9 - 0.5 1.6
and
Living
Renewabl -8.9 -6.6 - -2.3 - 102.7 69.4 49.8 -3.3 -13.2
e
Packagi
ng
Other -21.0 -21.0 - - - -32.5 -20.5 - -10.4 -1.6
-----------------------------------------------------------------------
NRI on -79.9 -21.0 - -31.7 -27.2 180.2 202.2 5.4 -8.5 -18.9
Operati
ng
Profit
NRI on -138.3 -10.1 -128.2 - - - - - - -
Financi
al items
NRI on 62.2 50.8 - 3.6 7.8 -37.9 -37.9 - - -
tax
NRI on -156.0 19.7 -128.2 -28.1 -19.4 142.3 164.3 5.4 -8.5 -18.9
Net
Profit
=======================================================================
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.
Fair Valuations and Non-operational Items* by Segment
EUR million 2011 Q4/11 Q3/11 Q2/11 Q1/11 2010 Q4/10 Q3/10 Q2/10 Q1/10
--------------------------------------------------------------------------------
Printing -7.9 2.0 -0.3 -9.2 -0.4 1.3 2.0 -0.4 -0.1 -0.2
and
Reading
Biomaterial -18.5 2.7 -11.6 -5.4 -4.2 -1.0 5.1 -1.7 -0.4 -4.0
s
Building -1.8 - - -1.8 - - - - - -
and Living
Renewable -6.6 - - -6.6 - - - - - -
Packaging
Other 7.3 40.9 -33.9 -3.9 4.2 8.4 -0.6 4.9 -5.6 9.7
Fair -27.5 45.6 -45.8 -26.9 -0.4 8.7 6.5 2.8 -6.1 5.5
Valuations
and
Non-operat
ional Items
on
Operating
Profit
====================================================================
*Fair valuations and non-operational items include equity incentive schemes,
synthetic options net of realised and open hedges, CO2 emission rights and
valuations of biological assets related to forest assets in EAI and Group's
share of tax and net financial items of EAI.
Operating Profit/Loss by Segment
EUR 2011 Q4/11 Q3/11 Q2/11 Q1/11 2010 Q4/10 Q3/10 Q2/10 Q1/10
millio
n
--------------------------------------------------------------------------------
Printin 248.3 61.3 72.0 35.5 79.5 156.0 103.2 0.2 36.3 16.3
g and
Readin
g
Biomate 163.3 37.4 45.7 23.9 56.3 321.1 146.2 80.2 71.0 23.7
rials
Buildin 27.5 1.4 9.8 33.4 -17.1 74.9 12.1 25.2 30.6 7.0
g and
Living
Renewab 285.8 26.2 73.6 85.0 101.0 389.9 130.3 128.3 72.9 58.4
le
Packag
ing
Other 34.4 43.2 -22.5 2.7 11.0 44.3 -6.0 37.4 -0.9 13.8
------------------------------------------------------------------------
Operati 759.3 169.5 178.6 180.5 230.7 986.2 385.8 271.3 209.9 119.2
ng
Profit
(IFRS)
Net -338.4 -59.2 -193.4 -34.6 -51.2 -100.9 -21.7 -51.1 -22.6 -5.5
financ
ial
items
------------------------------------------------------------------------
Profit 420.9 110.3 -14.8 145.9 179.5 885.3 364.1 220.2 187.3 113.7
(Loss)
before
Tax
Income -78.7 -10.1 -35.1 -9.9 -23.6 -116.0 -51.1 -25.9 -27.4 -11.6
tax
expens
e
------------------------------------------
Net 342.2 100.2 -49.9 136.0 155.9 769.3 313.0 194.3 159.9 102.1
Profit
/Loss
========================================================================
Operational ROOC* for Segments, %
2011 Q4/11 Q3/11 Q2/11 Q1/11 2010 Q4/10 Q3/10 Q2/10 Q1/10
--------------------------------------------------------------------------------
Printing and 9.2 7.2 9.3 9.2 10.8 4.9 5.5 5.8 5.4 2.8
Reading
Biomaterials 12.0 7.7 17.1 9.5 16.1 17.9 14.9 26.2 20.0 10.0
Building and 10.9 4.2 6.7 23.9 8.0 12.3 6.8 16.8 20.5 3.8
Living
Renewable 14.2 6.1 13.7 17.5 19.1 14.9 12.0 15.9 15.8 15.5
Packaging
Other 2.6 5.0 2.3 1.3 1.4 3.9 3.3 7.9 3.7 1.4
===================================================================
Operational ROCE* for Group, %
2011 Q4/11 Q3/11 Q2/11 Q1/11 2010 Q4/10 Q3/10 Q2/10 Q1/10
-------------------------------------------------------------------------
------
Group 10.0 6.7 10.3 10.9 11.9 9.7 8.4 12.8 11.0 6.7
===================================================================
*Calculations of Operational ROOC and Operational ROCE
Operational return on operating capital, 100 x
Operational EBIT
operational ROOC (%)
Operating capital 1)
Operational return on capital employed,
operational ROCE (%) 100 x
Operational EBIT
Capital employed 1) 2)
1) Average for the financial period
2) Capital employed = Operating capital - Net tax liabilities
Operating Capital
EUR million 31 Dec 11 31 Dec 10
---------------------------------------------
Printing and Reading 3 071.4 3 140.9
Biomaterials 1 454.7 1 358.3
Building and Living 562.1 593.0
Renewable Packaging 2 152.9 2 085.9
Other 1 810.9 1 916.5
---------------------
Operating Capital Total 9 052.0 9 094.6
=====================
The first financial report according to the new reporting segment structure
will be the first quarter 2012 Interim Review to be released on 24 April 2012.
For further information, please contact:
Ulla Paajanen-Sainio, Head of 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
© 2024 Nasdaq, Inc. All Rights Reserved |