Friday 16. October 2009
Stora Enso’s non-recurring items in third quarter 2009
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: – impairment charge of EUR 353 million related to goodwill and fixed asset impairment testing undertaken during the third quarter of 2009. The impairment charge was announced on 19 August 2009;