Stora Enso will record non-recurring items of approx. EUR 21 million

January 17, 2012 by timbercommunity

Stora Enso will record non-recurring items (NRI) with a negative impact of approximately EUR 21 million on operating profit and a negative impact of approximately EUR 10 million on financial items in its fourth quarter 2011 results. The NRI will have a negative cash impact of EUR 20 million.

A NRI of approximately EUR -20 million relates to water purification and a water level adjustment provision at the former mine at Falun in Sweden and a NRI of approximately EUR -11 million relates to write-downs of Arktos Group shares and loan receivables. They are both reported in the segment Other and their impact on operating profit is specified in the table below.

The NRI detailed above and valuation of deferred tax assets have a beneficial tax impact of EUR 51 million.

In addition, there are other NRI-type items related to restructuring and impairment that do not fulfil the Group NRI criteria* and thus are netted out at Group level. However, the items are specified at segment level in the table below.