STORA ENSO OYJ Stora Enso Oyj
Company Announcement Stora Enso's NRI in the first quarter 2015 have a EUR 8 million positive impact on operating profit
Helsinki, Finland, 2015-04-14 08:00 CEST (GLOBE NEWSWIRE) -- STORA ENSO OYJ STOCK EXCHANGE RELEASE 14 April 2015 at 9.00 EET
Stora Enso will record a non-recurring item (NRI) with a positive cash impact of EUR 8 million on its first quarter 2015 operating profit. The NRI is related to a compensation received from a supplier for a historical claim.
ALLOCATION OF NRI BETWEEN SEGMENTS
| Segment | EUR million |
| Consumer Board | 2.0 |
| Packaging Solutions | - |
| Biomaterials | 3.0 |
| Wood Products | - |
| Paper | 2.0 |
| Other | 1.0 |
| NRI on Operating Profit | 8.0 |
| NRI on financial items | - |
| NRI on Profit before Tax | 8.0 |
| NRI on tax | - |
| NRI on Profit for the Period | 8.0 |
Stora Enso's first quarter 2015 results will be published on 22 April 2015.
For further information, please contact:
Seppo Parvi, CFO, tel. +358 2046 21205
Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 2046 21242
www.storaenso.com
www.storaenso.com/investors
Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wood and paper on global markets. Our aim is to replace non-renewable materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 27 000 people in more than 35 countries, and our sales in 2014 were EUR 10.2 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) on the International OTCQX over-the-counter market.
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