Stora Enso Interim Review January--September 2012

Stora Enso Interim Review January--September 2012

Stable Performance in Weak Europe, Preparing for the Future

  *Operational EBIT EUR 34 million higher than in Q2 2012 at EUR 175 (EUR
    141) million mainly due to lower costs, EUR 50 million lower year-on-year.
  *Cash flow from operations EUR 312 (EUR 362) million and liquidity EUR 1
    700 (EUR 1 181) million.
  *Ratio of net debt to the last twelve months' operational EBITDA 2.8 (2.7
    in Q2 2012).
  *New packaging joint-venture to be established in Pakistan.
  *New profitability improvement actions planned across all Business Areas,
    estimated annual cost savings EUR 36 million and 520 employees affected.
  *Q4 2012 sales expected to be at roughly similar level and operational EBIT
    in line with or slightly lower than Q3 2012.

HELSINKI, Finland, Oct. 23, 2012 (GLOBE NEWSWIRE) --

Summary of Third Quarter Results

                                      Q3/12   Q2/12   Q3/11
Sales                       EUR million 2 694.1 2 720.4 2 739.3
Operational EBITDA          EUR million 299.6   248.1   339.2
Operational EBIT*           EUR million 174.7   141.2   224.4
Operating profit (IFRS)     EUR million 161.3   152.7   178.6
Profit before tax excl. NRI EUR million 102.2   31.8    113.4
Profit/loss before tax      EUR million 102.2   85.9    -14.8
Net profit excl. NRI        EUR million 81.3    13.5    78.3
Net profit/loss             EUR million 81.3    69.5    -49.9
EPS excl. NRI               EUR         0.10    0.02    0.10
EPS                         EUR         0.10    0.09    -0.06
CEPS excl. NRI              EUR         0.29    0.20    0.27
Operational ROCE            %           8.0     6.5     10.3

*The Group has adopted operational EBIT as a key operative non-IFRS measure
starting from the fourth quarter of 2011.

Operational EBIT comprises the operating profit excluding NRI and fair
valuations of the segments and Stora Enso's share of the operating profit
excluding NRI and fair valuations of its equity accounted investments (EAI).
Fair valuations include equity incentive schemes, synthetic options net of
realised and open hedges, CO[2] emission rights and valuations of biological
assets related to forest assets in EAI.

Near-term Outlook

In the fourth quarter of 2012 Group sales are expected to be at roughly
similar level and the operational EBIT in line with or slightly lower than the
third quarter of 2012.Mill maintenance will have a negative impact on
Renewable Packaging and Biomaterials during the quarter.

The full-length version of the Stora Enso interim review is available on the
Stora Enso website at

Stora Enso's full year 2012 results will be published on 5 February 2013.
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.

It should be noted that certain statements herein which are not historical
facts, including, without limitation those regarding expectations for market
growth and developments; expectations for growth and profitability; and
statements preceded by "believes", "expects", "anticipates", "foresees", or
similar expressions, are forward-looking statements within the meaning of the
United States Private Securities Litigation Reform Act of 1995. Since these
statements are based on current plans, estimates and projections, they involve
risks and uncertainties, which may cause actual results to materially differ
from those expressed in such forward-looking statements. Such factors include,
but are not limited to: (1) operating factors such as continued success of
manufacturing activities and the achievement of efficiencies therein,
continued success of product development, acceptance of new products or
services by the Group's targeted customers, success of the existing and future
collaboration arrangements, changes in business strategy or development plans
or targets, changes in the degree of protection created by the Group's patents
and other intellectual property rights, the availability of capital on
acceptable terms; (2) industry conditions, such as strength of product demand,
intensity of competition, prevailing and future global market prices for the
Group's products and the pricing pressures thereto, price fluctuations in raw
materials, financial condition of the customers and the competitors of the
Group, the potential introduction of competing products and technologies by
competitors; and (3) general economic conditions, such as rates of economic
growth in the Group's principal geographic markets or fluctuations in exchange
and interest rates.


CONTACT:  For further information, please contact:
          Jouko Karvinen, CEO,
           tel. +358 2046 21410
          Karl-Henrik Sundstrom, CFO,
           tel. +46 1046 71660
          Ulla Paajanen-Sainio, SVP, Investor Relations,
           tel. +358 2046 21242
          Sanna Lahti, SVP, Global Communications,
           tel. +358 2046 21251
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