Stable performance in weak Europe, preparing for the future
Helsinki, Finland, 2012-10-23 12:00 CEST (GLOBE NEWSWIRE) --
STORA ENSO OYJ INTERIM REVIEW 23 October 2012 at 13.00
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
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
Summary of Third Quarter Results
Operating profit (IFRS)
Profit before tax excl. NRI
Profit/loss before tax
Net profit excl. NRI
EPS excl. NRI
CEPS excl. NRI
*The Group has adopted operational EBIT as a key
operative non-IFRS measure starting from the fourth quarter
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, CO2 emission rights
and valuations of biological assets related to forest assets
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
For further information, please contact:
Jouko Karvinen, CEO, tel.+358 2046 21410
Karl-Henrik Sundström, CFO, tel. +46 1046 71660
Ulla Paajanen-Sainio, SVP, Investor Relations, tel.+358 2046 21242
Sanna Lahti, SVP, Global Communications, tel. +358 2046
Stora Enso's full year 2012 results will be published
on 5 February 2013.
PRESS CONFERENCE IN STOCKHOLM
13.00 local time today (14.00 EET)
World Trade Center Stockholm, plan 4, sektion
Jouko Karvinen, CEO
Karl-Henrik Sundström, CFO
The conference will be held in English. Questions can
be addressed to Jouko Karvinen and Karl-Henrik Sundström
after the presentation.
ANALYST CONFERENCE CALL CEO Jouko Karvinen, CFO Karl-Henrik Sundström and SVP
Investor Relations Ulla Paajanen-Sainiowill be
hosting a combined conference call and webcast today
(15.00CET,14.00UK time,09.00US Eastern time).