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Stora Enso to record negative non-recurring items in fourth quarter

Jan 17 2012  Stora Enso will record non-recurring items with a negative impact of approximately 21 million Euros on operating profit its fourth quarter results.

Stora Enso will record non-recurring items (NRI) with a negative impact of approximately 21 million Euros on operating profit and a negative impact of approximately ten million Euros on financial items in its fourth quarter results. The NRI will have a negative cash impact of 20 million Euros.A NRI of approximately -20 million Euros relates to water purification and a water level adjustment provision at the former mine at Falun in Sweden, and a NRI of approximately -11 million Euros relates to write-downs of Arktos Group shares and loan receivables.

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