Pulp & Paper News

Stora Enso to take Euro 655 million hit from non-recurring items in 3Q



HELSINKI , Oct. 16, 2009 (Globe Newswire) - Stora Enso will record non-recurring items (NRI) with a negative impact of approximately EUR 655 million on operating profit, including a EUR 71 million future cash impact, in its third quarter 2009 results. The first two NRIs below, totalling EUR 604 million were announced in August 2009. The NRIs will have a beneficial impact of EUR 43 million on tax, net of tax impairment. The impact of NRIs on earnings per share is negative EUR 0.78. The non-recurring items are:

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