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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Stora Enso Corporation (QX) | USOTC:SEOAY | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.62 | -4.33% | 13.70 | 13.47 | 13.99 | 13.77 | 13.68 | 13.73 | 19,285 | 21:01:55 |
HELSINKI, Finland, April 23, 2014 (GLOBE NEWSWIRE) --
Q1/2014 (compared with Q1/2013)*
Q1/2014 (compared with Q4/2013)*
Transformation
Restructuring
* Data for the comparative periods have been restated.
Summary of First Quarter Results*
EUR million | Q1/14 | Q1/13 | Change % Q1/14– Q1/13 | Q4/13 | Change % Q1/14– Q4/13 | 2013 |
Sales | 2 568 | 2 672 | -3.9 | 2 612 | -1.7 | 10 563 |
Operational EBITDA | 302 | 254 | 18.9 | 260 | 16.2 | 1 090 |
Operational EBIT | 182 | 118 | 54.2 | 152 | 19.7 | 578 |
Operating profit (IFRS) | 195 | 21 | n/m | -210 | 192.9 | 50 |
Profit before tax excl. NRI | 106 | 56 | 89.3 | 111 | -4.5 | 350 |
Profit/loss before tax | 130 | -35 | n/m | -281 | 146.3 | -189 |
Net profit/loss for the period | 100 | -16 | n/m | -160 | 162.5 | -71 |
Operational ROCE, % | 8.6 | 5.1 | 7.0 | 6.5 | ||
Earnings per share (EPS) excl. NRI, EUR | 0.09 | 0.07 | 0.15 | 0.40 | ||
EPS (basic), EUR | 0.13 | -0.02 | -0.18 | -0.07 | ||
Cash earnings per share (CEPS) excl. NRI, EUR | 0.27 | 0.27 | 0.31 | 1.16 |
* Data for the comparative periods have been restated following adoption of the new IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entities standards. Data for the comparative periods have been restated in all tables affected.
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 and non-operational items include equity incentive schemes, synthetic options net of realised and open hedges, CO2 emission rights and valuations of biological assets and the Group's share of tax and net financial items of EAI.
Near-term Outlook
Second quarter 2014 sales are forecast to be similar to the EUR 2 568 million and operational EBIT in line with the EUR 182 million in the first quarter of 2014. Biomaterials is expected to be negatively impacted by maintenance costs at Veracel and Sunila pulp mills and Renewable Packaging by maintenance at Imatra Pulp Mill and Ostrołęka Mill, where a one-time maintenance shutdown in the Polish national electricity grid will extend the mill maintenance shutdown to two weeks.
For further information, please contact: Jouko Karvinen, CEO, tel. +358 2046 21410 Seppo Parvi, CFO, tel. +358 2046 21205 Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 2046 21242
The full-length version of the Stora Enso interim review is available on the Stora Enso website at www.storaenso.com/investors.
Stora Enso's second quarter 2014 results will be published on 21 July 2014. Stora Enso is the global rethinker of the paper, biomaterials, wood products and packaging industry. We always rethink the old and expand to the new to offer our customers innovative solutions based on renewable materials. Stora Enso employs some 29 000 people worldwide, and our sales in 2013 amounted to EUR 10.6 billion. Stora Enso shares are listed on NASDAQ OMX Helsinki (STEAV, STERV) and Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) in the International OTCQX over-the-counter market. www.storaenso.com www.storaenso.com/investors STORA ENSO OYJ
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