Stora Enso's NRI in the third quarter 2015 have a EUR 16 million positive impact on operating profit

HELSINKI, Finland, Oct. 12, 2015 (GLOBE NEWSWIRE) -- Stora Enso will record non-recurring items (NRI) with a positive non-cash impact of EUR 16 million on its third quarter 2015 operating profit. These NRI's are reversals of earlier made environmental provisions. The NRIs do not have impact on the operational EBIT in the third quarter.

ALLOCATION OF NRI BETWEEN SEGMENTS

Segment EUR million
Consumer Board -
Packaging Solutions -
Biomaterials -
Wood Products -
Paper 6.0
Other 10.0
NRI on Operating Profit 16.0
NRI on financial items -
NRI on Profit before Tax -
NRI on tax -
NRI on Profit for the Period 16.0

Stora Enso will announce its third quarter 2015 results on Friday 23 October 2015.

For further information, please contact:

Seppo Parvi, CFO, tel. +358 2046 21205

Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 2046 21242

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. www.storaenso.com

STORA ENSO OYJ

Source:Stora Enso Oyj