SOURCE: Stora Enso Oyj

July 13, 2007 02:01 ET

Stora Enso's non-recurring items in second quarter 2007

HELSINKI, FINLAND--(Marketwire - July 13, 2007) - Stora Enso Oyj News Release July 13, 2007 at 06.00 GMT

HELSINKI, Finland - Stora Enso (NYSE: SEO) today announced that it will record two non-recurring items with a total positive net effect of EUR 12.8 million on operating profit in its second quarter 2007 results. The non-recurring items had a positive tax impact of EUR 6.0 million and increased earnings per share by EUR 0.02. The non-recurring items are:

- A capital gain, net of provisions, of EUR 24.4 million from the sale of warehouses and office properties in Sweden and Denmark by Stora Enso's Papyrus paper merchant. The cash proceeds, net of provisions, were EUR 50 million.

- A non-cash actuarial valuation adjustment of USD -14.6 (EUR -11.6) million related to the previously announced non- recurring gain of USD 57.7 (EUR 44.0) million in the first quarter of 2007 due to labour agreements in the USA. The adjustment arises from pension and retiree health actuarial valuations and severance costs related to the last group of contract settlements for the maintenance groups.

Net impacts on operating profit by segment are:

Publication Paper             EUR -3.0 million
Fine Paper and Merchants      EUR 19.2 million
Packaging Boards              EUR -1.0 million
Other                         EUR -2.4 million
Total                         EUR 12.8 million
The Group's financial results for the second quarter of 2007 will be announced on 26 July 2007 at 13.00 Finnish time (12.00 CET).

For further information, please contact:
Tim Laatsch
Senior Vice President, Communications
Stora Enso North America
tel. 715 422 4023

www.storaenso.com
www.storaenso.com/investors

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