ニュースリリースのリリースコンテナ第一倉庫 Stora Enso's Non-recurring Items in First Quarter 2007

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2007'04.18.Wed

Stora Enso's Non-recurring Items in First Quarter 2007

April 18, 2007


    SHANGHAI, China, April 18 /Xinhua-PRNewswire/ -- Stora
Enso will record two non-cash, non-recurring items
affecting operating profit totalling positive net EUR 32
million in its first quarter 2007 results.  The
non-recurring items will increase tax expenses by EUR 16.7
million.  There will be a positive impact of EUR 0.02 on
earnings per share. 

    As previously announced, a new five-year labour
agreement was signed in January 2007 with United
Steelworkers in Central Wisconsin, USA.  Subsequently, the
Group signed new agreements with other unions in the paper
industry in the USA.  Therefore, in addition to the earlier
announced USD 40.8 million income, the Group is recording
USD 16.9 million of income relating to the new agreements. 
The total non-recurring income of USD 57.7 (EUR 44.0)
million will correspondingly reduce personnel expenses in
the first quarter of 2007. 

    As announced on 7 March 2007, the Company will also
record a write-down and restructuring provision totalling
about EUR 12 million related to closure of Sauga Sawmill in
Estonia. 

    Net impacts on operating profit by segment are:

     Publication Paper EUR 13.3 million
     Fine Paper  EUR 19.2 million
     Packaging Boards EUR 4.3 million
     Wood Products EUR -12.0 million
     Other  EUR 7.2 million
     Total  EUR 32.0 million

    Stora Enso is an integrated paper, packaging and forest
products company producing publication and fine paper,
packaging board and wood products - all areas in which the
Group is a global market leader.  Stora Enso's sales
totalled EUR 14.6 billion in 2006.  The Group has some 44
000 employees in more than 40 countries on five continents.
 Stora Enso has an annual production capacity of 16.5
million tonnes of paper and board and 7.4 million cubic
metres of sawn wood products, including 3.2 million cubic
metres of value-added products.  Stora Enso's shares are
listed in Helsinki, Stockholm and New York.


    For more information, please contact:

     Hannu Ryopponen, CFO
     Tel:   +44-207-016-3114

     Keith B Russell, SVP, 
     Investor Relations
     Tel:   +44-777-578-8659

     Ulla Paajanen-Sainio, VP, 
     Investor Relations and Financial Communications
     Tel:   +358-2046-21242
 
     Web:   http://www.storaenso.com
            http://www.storaenso.com/investors