Stora Enso's fourth quarter 2024 impairment test results
STORA ENSO OYJ ADR R SH (SEOAY)
NASDAQ:AMEX Investor Relations:
storaenso.com/investors
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Source: PR Newswire
STORA ENSO OYJ INVESTOR NEWS 18 December 2024 at 9:00 EETHELSINKI, Dec. 18, 2024 /PRNewswire/ -- Stora Enso will record non-cash impairments of approximately EUR 724 million in its IFRS operating result in the fourth quarter of 2024. The impairments will be reported as an item affecting comparability (IAC). Including the estimated positive tax effect of EUR 56 million, the net result impact will be approximately EUR 668 million negative.The impairment charges are allocated between the segments as follows:EUR millionGoodwillNon-current assetsTotal impairmentPackaging Materials59240299Packaging Solutions27693369Wood Products65156Total341384724The impairments in the Packaging Materials division mainly relate to the Beihai operations in China, and the division's containerboard operations; in the Packaging Solutions division to the operations in western Europe; and in the Wood Product division to the operations in northern Europe.The impairments are mainly a consequence of Stora Enso's pre
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