Stora Enso: Non-recurring Items To Reduce Q4 Net Profit By EUR 172 Mln

(RTTNews) - Stora Enso Oyj (SEOAY.PK) announced the company will record non-recurring items with a negative net impact of approximately 225 million euros on operating profit and a positive impact of approximately 53 million euros on income tax in its fourth quarter 2014 results. The non-recurring items will decrease earnings per share by 0.22 euros.

The company said the impairment charges taken in the fourth quarter 2014 reduce quarterly depreciations by 7 million euros, starting from fourth quarter 2014.

Stora Enso will publish fourth quarter and full year 2014 results on 4 February 2015.