Facts & Figures. Stora Enso 2012

Transcription

1 Facts & Figures Stora Enso Key figures 3 Stora Enso in brief 4 Business Areas 6 Map 8 Board of Directors and Group Executive Team 10 Extract of the Consolidated Financial Statements 14 Auditor s Report 15 Information for shareholders

2 Key figures Key figures Sales Operational EBIT* Operating profit (IFRS) Profit before tax excl. NRI** Profit before tax Net profit for the period excl. NRI** Net profit for the period Capital expenditure Operational ROCE, % Return on equity (ROE), % Debt/equity ratio Paper and board deliveries, tonnes Corrugated packaging deliveries, million m Wood products deliveries, m Average number of employees Stora Enso in brief Stora Enso is the global rethinker of the paper, biomaterials, packaging and wood products 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 people worldwide, and our sales in 2012 amounted to EUR 10.8 billion. Stora Enso s annual production capacity is 5.2 million tonnes of chemical pulp, 12.1 million tonnes of paper and board, 1.3 billion square metres of corrugated packaging and 6.0 million cubic metres of sawn wood products, including 3.0 million cubic metres of value-added products. The Group is listed in Helsinki and Stockholm. Employees by country 2012 Paper and board capacity by country 2013 Finland 23 % Finland 38 % Sweden 21 % Sweden 28 % Germany 8 % Germany 13 % Poland 7% China 4% Russia 4 % Brazil 2 % Other Europe 17 % Other countries 15% China 15% Other countries 5 % Sales and operational EBIT margin Chemical Pulp capacity by country 2013* Share information Earnings per share (EPS) excl. NRI**, EUR Earnings per share (EPS), EUR Finland 58 % Sweden 24 % Brazil 11 % Uruguay 5% Poland 2 % Cash earnings per share (CEPS) excl. NRI**, EUR Cash earnings per share (CEPS), EUR Dividend per share***, EUR Equity/share, EUR Payout ratio, excluding NRI**, % Sales EUR million Operational EBIT margin 5.7% Sales EUR million Operational EBIT margin 7.9% * Including Stora Enso's share of equity accounted investments Total market capitalisation at 31 December, EUR million Earnings and distribution per share CO 2 performance* * 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 include equity incentive schemes, synthetic options net of realised and open hedges, CO 2 emission rights and valuations of biological assets related to forest assets in EAI. ** NRI = Non-recurring items. These are exceptional transactions that are not related to normal business operations. The most common non-recurring items are capital gains, additional write-downs or reversals of write-downs, provisions for planned restructuring and penalties. Non-recurring items are normally specified individually if they exceed one cent per share. *** Board's proposal for dividend distribution. Excluding non-recurring items EUR Million tonnes kg/tonne Earnings per share Dividend per share Board's proposal for dividend Cash earnings per share Million tonnes kg/tonne * Covering direct and indirect (purchased electricity and heat) fossil CO 2 emissions from pulp, paper and board production facilities. Normalised figures are reported per unit sales production. Some of the figures have been recalculated from previous years due to changes in baseline and reporting errors Stora Enso Facts & Figures 2012 Stora Enso Facts & Figures

3 Business Areas in brief Stora Enso is a world-class responsible supplier of renewable paper solutions for print media and office use. Its customers publishers, retailers, printing houses, merchants, converters and office suppliers among others are served with products that best fit their purpose. The offering includes newsprint, book paper, super-calendered magazine paper, coated paper and office paper that are used for example in newspapers and supplements, books, magazines, brochures, notebooks, art books and an office environment. communication, learning and creative expression. is continuously developing its products and service offering with innovative solutions such as lightweight papers that achieve greater material efficiency and lower environmental impact without compromising on printing quality. has production facilities mainly in Europe, but it also has one mill in Brazil and two in China. Three of the 16 mills produce paper based on 100% recycled fibre. Stora Enso provides wood-based innovations and solutions for everyday living and housing needs. Its product range covers all areas of urban construction, from supporting structures to interior design and environmental construction. The further-processed products include massive wood elements and housing modules, wood components and pellets. A variety of sawn timber goods complete the selection. serves public and private sector customers, such as construction companies, merchandisers and retailers. the Middle East and North Africa, and Asia Pacific. The products are made of renewable, high-quality European pine or spruce with 100% traceability. With carbon captured in the wood products, they offer a truly sustainable means of reducing climate change. The Business Area s mission is to inspire the world with sustainable paper, as it believes in the power of paper in has more than twenty production units in Europe and operates globally, with its main markets in Europe, Stora Enso offers a variety of pulp grades to meet the demands of paper, board and tissue producers. Pulp made from renewable resources in a sustainable manner is an excellent raw material with many different end uses. When the new Montes del Plata Pulp Mill in Uruguay starts operations in 2013, will have an even wider product offering, including northern bleached softwood kraft and bleached hardwood kraft pulp (birch and eucalyptus), which are used for a variety of paper grades, packaging paperboards and tissue, as well as fluff pulp for hygiene applications and dissolving pulp for the textile industry. The mission of is to find new, innovative ways to utilise the valuable raw material wood, while simultaneously running existing pulp and by-product businesses as efficiently as possible, based on the needs of its customers. operates the Nordic stand-alone pulp mills Enocell and Sunila in Finland, and Skutskär in Sweden, as well as the joint ventures Veracel in Brazil and Montes del Plata in Uruguay with corresponding plantations. also runs the plantations in Rio Grande do Sul in Brazil, the trial plantations in Laos, and the Pulp Competence Centre and the Biorefinery in Europe. Stora Enso offers fibre-based packaging materials and innovative packaging solutions for consumer goods and industrial applications. operates throughout the value chain, from pulp production to production of materials and packaging, to recycling. Consumer Board product range covers all major board categories and end-uses such as liquid packaging boards, cigarette boards, graphical boards and general packaging boards for packaging cosmetics and luxury products, chocolate and confectionery, pharmaceuticals and food. Solutions products include corrugated packaging for consumer and transport packages, containerboard, cores and coreboard, paper sacks, and sack and kraft paper. is expanding in growth markets such as China, India and Pakistan to meet the rising demand in these markets. plans to build an integrated board and pulp mill in Guangxi in southern China. production sites in Europe are located in Finland, Sweden, Spain and Eastern and Central Europe. External sales and operational EBIT* by segments Geographical distribution of external sales and market share Sales EUR million Operational EBIT EUR million Europe Latin America Asia Pacific Rest of the world Europe Asia Pacific North Africa Middle East 43% 5% 35% 13% Geographical distribution (% of sales) Market share % Geographical distribution (% of sales) Market share: Europe 4%, worldwide 2%. 15% 29 % Other 8%** 5% 44 % Other 3%** Europe Asia Pacific Rest of the world Geographical distribution (% of sales) Europe Asia Pacific Rest of the world Geographical distribution (% of sales) * See operational EBIT explanation on page 2 ** The segment Other includes the Nordic forest equity accounted investments, Stora Enso s shareholding in Pohjolan Voima, operations supplying wood to the Nordic mills and Group shared services and administration. General market share not applicable due to nature of the business. General market share not applicable due to nature of product portfolio. 4 Stora Enso Facts & Figures 2012 Stora Enso Facts & Figures

4 Europe Most of Stora Enso s sales, production capacity and personnel are in Europe, where the Group is a leading producer of pulp, paper and board. Eastern and Central Europe are important areas for the manufacturing of corrugated packaging and wood products. Stora Enso has faced structural issues in Europe due to overcapacity in paper production. As a result, the Group is investing selectively in its mills with long-term potential in order to secure a competitive cost structure and renewable materials. USA 180 employees Wisconsin Rapids Brazil Latin America has become a cornerstone of Stora Enso s strategy of low-cost pulp from tree plantations. In Brazil, Stora Enso owns Veracel Celulose through a joint venture with the Brazilian company Fibria. Veracel Celulose produces 1.1 million tonnes of eucalyptus pulp annually. The company has of hectares of land, of which hectares is planted with eucalyptus. In addition, Stora Enso owns Arapoti magazine paper mill jointly with the Chilean company Arauco. In the state of Rio Grande do Sul, Stora Enso owns hectares of land, around half of which is planted with eucalyptus. 383 employees Arapoti Rio Grande do Sul Veracel France 472 employees Corbehem Saint Seurin sur l Isle Spain 300 employees Barcelona Tolosa Belgium 601 employees Langerbrugge Sweden employees Hylte Kvarnsveden Nymölla Skutskär Ala Gruvön Netherlands 108 employees Amsterdam Edam Bäckefors Fors Forshaga Jönköping Mohed Skene Skoghall Vikingstad Austria employees Bad St. Leonhard Brand Sollenau Ybbs Great Britain 155 employees Bolton Uruguay Finland employees Anjala Oulu Varkaus Veitsiluoto Enocell Sunila Honkalahti Kitee Pälkäne Uimaharju Varkaus Germany employees Kabel Maxau Sachsen Uetersen Pfarrkirchen Krefeld Heinola Imatra Ingerois Kristiinankaupunki Lahti Loviisa Pori Ruovesi Stora Enso and Arauco's joint venture company Montes del Plata started building a pulp mill at Punta Pereira in The new mill, producing 1.3 million tonnes of pulp per year, is expected to be operational by midyear Employees in Uruguay are working for the joint venture. The eucalyptus pulpwood will be sourced essentially from plantations on Montes del Plata s own approx hectares of land. Montes del Plata Estonia 687 employees Imavere Näpi Tallinn Latvia 274 employees Launkalne Riga Asia Lithuania 250 employees Alytus Kaunas Czech Republic 743 employees Planá Zdírec Poland employees Murow Łódz Mosina Ostrołęka Tychy Hungary 130 employees Komárom Russia employees Impilahti Nebolchi Arzamas Balabanovo Lukhovitsy The rapidly expanding Asian paper and paperboard market offers huge demand for Stora Enso s products. In March 2012, the company announced it plans to build plantation-based integrated board and pulp mills at Beihai city in Guangxi, southern China. The mill site will initially include a tonnes per year state-of-the-art paperboard machine and pulp capacity of tonnes per year, including necessary energy plant and auxiliary facilities. The board and pulp mills will be self-sufficiently integrated with wood supply from hectares of self-managed eucalyptus plantations. The Group s other operations in China include a tonnes per year coated fine paper mill in Suzhou, a tonnes per year uncoated magazine paper mill at Dawang, two core factories and majority shareholding in Inpac International, a packaging company with production operations in China and India, and service operations in Korea. The Group also has trial plantations in Laos. In September 2012 Stora Enso signed an agreement to establish a joint venture called Bulleh Shah (Private) Limited with Packages Ltd. of Pakistan. Stora Enso s initial shareholding is 35%. The joint venture will include the packaging operations of the Kasur mill and Karachi plant currently owned by Packages Ltd. Transaction is expected to be completed during the first quarter of Employees and production facilities Stora Enso is the global rethinker of the paper, biomaterials, wood products and packaging industry. The Group has employees and production facilities in more than 35 countries worldwide. Stora Enso focuses on four key areas: growth markets in Asia and Latin America, as well as fibre-based packaging, plantation-based pulp and competitive paper grades. China employees Dawang Suzhou Dongguan Foshan Guangxi Hangzhou Qian an Laos Trial plantation India 474 employees Chennai Pakistan* Kasur Karachi * The joint venture Bulleh Shah (Private) Limited will employ about 950 people. 6 Stora Enso Facts & Figures 2012 Stora Enso Facts & Figures

5 Board of Directors Group Executive Team Karl-Henrik Sundström Juan Carlos Bueno Gunnar Brock Juha Rantanen Matti Vuoria Hans Stråberg Jouko Karvinen Lars Häggström Hannu Kasurinen First Lastneme Per Lyrvall Juha Vanhainen Mats Nordlander Marcus Wallenberg Hock Goh Mikael Mäkinen Birgitta Kantola Lauri Peltola Gunnar Brock Chairman of Stora Enso s Board of Directors since March Member of Stora Enso s Board of Directors since March Independent of the Company and the significant shareholders. Born M.Sc. (Econ.). Swedish citizen. Owns R shares in Stora Enso. Juha Rantanen Vice Chairman of Stora Enso s Board of Directors since March Member of Stora Enso s Board of Directors since March Independent of the Company and the significant shareholders. Born M.Sc. (Econ.). Finnish citizen. Owns R shares in Stora Enso. Hock Goh since April Independent of the Born in Bachelor s degree (honours) in Mechanical Engineering. Singaporean citizen. Owns R shares in Stora Enso. Birgitta Kantola since March Independent of the Born LL.M., Econ.Dr.H.C. Finnish citizen. Owns R shares in Stora Enso. Mikael Mäkinen since March Independent of the Born M.Sc. (Eng.). Finnish citizen. Owns R shares in Stora Enso. Hans Stråberg since April Independent of the Born M.Sc. (Eng.). Swedish citizen. Owns R shares in Stora Enso. Matti Vuoria since March Independent of the Born LL.M., B.Sc. (Arts). Finnish citizen. Owns R shares in Stora Enso. Marcus Wallenberg Member of Stora Enso s Board of Directors since December Independent of the Company.* Born B.Sc. (Foreign Service). Swedish citizen. Owns A and R shares in Stora Enso. * Marcus Wallenberg (member of the investment committee of Foundation Asset Management) is not independent of significant shareholders of the Company. The Board has evaluated that Marcus Wallenberg is independent of the Company despite his 14-year membership of the Board of Directors. The independence is evaluated in accordance with Recommendation 15 of the Finnish Corporate Governance Code. The full recommendation can be found at A significant shareholder according to the Recommendation is a shareholder that holds more than 10% of all company shares or the votes carried by all the shares or a shareholder that has the right or the obligation to purchase 10% of already issued shares. Jouko Karvinen Chief Executive Officer (CEO) of Stora Enso. Born M.Sc. (Eng.). Finnish citizen. Owns R shares and has ( ) options/synthetic options in Stora Enso. Karl-Henrik Sundström Chief Financial Officer (CFO) of Stora Enso. Born B.Sc. (Business Studies). Swedish citizen. Does not own any Stora Enso shares nor options. Juan Carlos Bueno Executive Vice President,, Head of Latin America. Born M.Sc. (Industrial Eng.). Colombian citizen. Does not own any Stora Enso shares nor options. Lars Häggström Executive Vice President, Global People and Organisation. Born B.Sc. (HR Development and Labour Relations). Swedish citizen. Owns R shares in Stora Enso. Hannu Kasurinen Executive Vice President,. Born M.Sc. (Econ.). Finnish citizen. Owns R shares and has ( ) options/synthetic options in Stora Enso. Per Lyrvall Executive Vice President, Global Ethics and Compliance, General Counsel. Born Swedish Master of Laws Degree. Swedish citizen. Owns R shares and ( ) options/synthetic options in Stora Enso. Mats Nordlander Executive Vice President,, Regional Head of Asia Pacific and Country Manager Sweden. Born Dipl.Eng. Swedish citizen. Owns R shares and has ( ) options/synthetic options in Stora Enso. Lauri Peltola Executive Vice President, Global Identity. Born CCJ. Finnish citizen. Owns R shares in Stora Enso. Juha Vanhainen Executive Vice President,, Country Manager Finland. Born M.Sc. (Eng.). Finnish citizen. Owns R shares and has ( ) options/synthetic options in Stora Enso. Hannu Alalauri, Executive Vice President, Fine Paper and Bernd Rettig, Executive Vice President, R&D, Technology, Energy, Logistics and Investments, were members of the Group Executive Team until the reorganisation of the company on 19 March Markus Rauramo, Chief Financial Officer (CFO) was a member of the Group Executive Team until his resignation on 31 July Options/synthetic options were issued annually between 1999 and Photos on the spread: Jenni-Justiina Niemi 8 Stora Enso Facts & Figures 2012 Stora Enso Facts & Figures

6 Extract of the Consolidated Financial Statements Consolidated Income Statement Year Ended 31 December Sales Other operating income Changes in inventories of finished goods and work in progress Change in net value of biological assets Materials and services Freight and sales commissions Personnel expenses Other operating expenses Share of results of equity accounted investments Depreciation, amortisation and impairment charges Operating Profit Financial income Financial expense Profit before Tax Income tax Net Profit for the Year Consolidated Statement of Comprehensive Income Year Ended 31 December Net profit for the period Other Comprehensive Income (OCI) Actuarial losses on defined benefit plans Available-for-sale financial assets Currency and commodity hedges Share of other comprehensive income of equity accounted investments Currency translation movements on equity net investments (CTA) Currency translation movements on non-controlling interests Net investment hedges Income tax relating to components of other comprehensive income Other Comprehensive Income, net of tax Total Comprehensive Income Total Comprehensive Income Attributable to: Owners of the Parent Non-controlling interests Attributable to: Owners of the Parent Non-controlling Interests Net Profit for the Year Earnings per Share Basic and diluted earnings per share, EUR This financial information has been extracted from the audited financial statements included in a separate document, Financial Report This financial information has been extracted from the audited financial statements included in a separate document, Financial Report Stora Enso Facts & Figures 2012 Stora Enso Facts & Figures

7 Consolidated Statement of Financial Position As at 31 December Consolidated Cash Flow Statement Year Ended 31 December Assets Fixed Assets and Other Non-current Investments Goodwill O Other intangible fixed assets O Property, plant and equipment O Biological assets O Emission rights O Equity accounted investments O Available-for-sale: interest-bearing I Available-for-sale: operative O Non-current loan receivables I Deferred tax assets T Other non-current assets O Current Assets Inventories O Tax receivables T Current operative receivables O Interest-bearing receivables I Cash and cash equivalents I Total Assets Equity and Liabilities Equity Attributable to Owners of the Parent Share capital Share premium Treasury shares Other comprehensive income Cumulative translation adjustment Invested non-restricted equity fund Retained earnings Net profit for the period Non-controlling Interests Total Equity Non-current Liabilities Post-employment benefit provisions O Other provisions O Deferred tax liabilities T Non-current debt I Other non-current operative liabilities O Current Liabilities Current portion of non-current debt I Interest-bearing liabilities I Bank overdrafts I Current operative liabilities O Tax liabilities T Total Equity and Liabilities Cash Flow from Operating Activities Net profit for the year Result from the Statement of Other Comprehensive Income Adjustments and reversal of non-cash items: Taxes Depreciation and impairment charges Change in value of biological assets Change in fair value of options and TRS Share of results of equity accounted investments Profits and losses on sale of fixed assets and investments Net financial items Pension adjustment Dividends received from equity accounted investments Interest received Interest paid Income received on interest-bearing securities Other financial items, net Income taxes paid Change in net working capital, net of businesses acquired or sold Net Cash Provided by Operating Activities Cash Flow from Investing Activities Acquisition of subsidiary shares and business operations, net of acquired cash Acquisition of shares in equity accounted investments Acquisition of available-for-sale investments Capital expenditure Investment in biological assets Proceeds from disposal of shares in equity accounted investments and equity repayment Proceeds from disposal of available-for-sale investments Proceeds from sale of fixed assets Payment of/proceeds from non-current receivables, net Net Cash Used in Investing Activities Cash Flow from Financing Activities Proceeds from new long-term debt Repayment of long-term liabilities Change in current borrowings Dividends paid Equity injections less dividends to non-controlling interest Net Cash Provided by/used in Financing Activities Net Increase in Cash and Cash Equivalents Translation adjustment Cash and cash equivalents at beginning of year Net Cash and Cash Equivalents at Year End Cash and Cash Equivalents at Year End Bank Overdrafts at Year End Items designated "O" comprise Operative Capital, items designated "I" comprise Interest-bearing Net Liabilities, items designated "T" comprise Net Tax Liabilities. This financial information has been extracted from the audited financial statements included in a separate document, Financial Report This financial information has been extracted from the audited financial statements included in a separate document, Financial Report Stora Enso Facts & Figures 2012 Stora Enso Facts & Figures

8 Auditor s Report Information for shareholders To the Annual General Meeting of Stora Enso Oyj We have audited the accounting records, the financial statements, the report of the Board of Directors, and the administration of Stora Enso Oyj for the year ended 31 December, The financial statements comprise the consolidated income statement, statement of comprehensive income, statement of financial position, cash flow statement, statement of changes in equity and notes to the consolidated financial statements, as well as the parent company s income statement, balance sheet, cash flow statement and notes to the financial statements. Responsibility of the Board of Directors and the Chief Executive Officer The Board of Directors and the Chief Executive Officer are responsible for the preparation of consolidated financial statements that give a true and fair view in accordance with International Financial Reporting Standards (IFRS) as adopted by the EU, as well as for the preparation of financial statements and the report of the Board of Directors that give a true and fair view in accordance with the laws and regulations governing the preparation of the financial statements and the report of the Board of Directors in Finland. The Board of Directors is responsible for the appropriate arrangement of the control of the company s accounts and finances, and the Chief Executive Officer shall see to it that the accounts of the company are in compliance with the law and that its financial affairs have been arranged in a reliable manner. Auditor s Responsibility Our responsibility is to express an opinion on the financial statements, on the consolidated financial statements and on the report of the Board of Directors based on our audit. The Auditing Act requires that we comply with the requirements of professional ethics. We conducted our audit in accordance with good auditing practice in Finland. Good auditing practice requires that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and the report of the Board of Directors are free from material misstatement, and whether the members of the Board of Directors of the parent company or the Chief Executive Officer are guilty of an act or negligence which may result in liability in damages towards the company or have violated the Limited Liability Companies Act or the articles of association of the company. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements and the report of the Board of Directors. The procedures selected depend on the auditor s judgment, including the assessment of the risks of material misstatement, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity s preparation of financial statements and report of the Board of Directors that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements and the report of the Board of Directors. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion on the consolidated financial statements In our opinion, the consolidated financial statements give a true and fair view of the financial position, financial performance, and cash flows of the group in accordance with International Financial Reporting Standards (IFRS) as adopted by the EU. Opinion on the company s financial statements and the report of the Board of Directors In our opinion, the financial statements and the report of the Board of Directors give a true and fair view of both the consolidated and the parent company s financial performance and financial position in accordance with the laws and regulations governing the preparation of the financial statements and the report of the Board of Directors in Finland. The information in the report of the Board of Directors is consistent with the information in the financial statements. Other opinions We support that the financial statements should be adopted. The proposal by the Board of Directors regarding the treatment of distributable funds is in compliance with the Limited Liability Companies Act. We support that the Board of Directors of the parent company and the Chief Executive Officer should be discharged from liability for the financial period audited by us. Helsinki, 5 February 2013 Deloitte & Touche Oy Authorized Public Audit Firm Mikael Paul APA Annual General Meeting (AGM) Stora Enso Oyj s AGM will be held at (Finnish time) on Tuesday 23 April 2013 at the Marina Congress Center, Katajanokanlaituri 6, Helsinki, Finland. Nominee-registered shareholders wishing to attend and vote at the AGM must be temporarily registered in the Company s register of shareholders on the record date, 11 April Instructions for submitting notice of attendance will be given in the invitation to the AGM, which can be consulted on the Company s website at AGM and dividend in April Record date for AGM 23 April Annual General Meeting (AGM) 24 April Ex-dividend date 26 April Record date for dividend 15 May Dividend payment effective Dividend The Board of Directors proposes to the AGM that a dividend of EUR 0.30 per share be paid to the shareholders for the fiscal year ending 31 December The dividend payable on shares registered with Euroclear Sweden will be forwarded by Euroclear Sweden AB and paid in Swedish krona. The dividend payable to ADR holders will be forwarded by Deutsche Bank Trust Company Americas (DBTCA) and paid in US dollars. Publication dates for February Financial results for February Annual Report April Interim Review for January March 19 July Interim Review for January June 22 October Interim Review for January September Distribution of financial information Stora Enso s Annual Report is comprised of four separate reports: Rethink Stora Enso 2012, Financial Report 2012, Corporate Governance Report 2012 and Global Responsibility Report Rethink Stora Enso 2012 is published in English, Finnish and Swedish, and distributed to shareholders registered with Euroclear Finland and Euroclear Sweden who have requested a copy. Rethink Stora Enso 2012 is downloadable as a PDF file from the Company s website. Financial Report is published in English and downloadable as a PDF file from the Company s website. The Official Financial Statements (in Finnish), an English translation of the Parent Company Financial Statements and the list of principal subsidiaries can be found on the Company s website. Corporate Governance Report 2012 is published in English and downloadable as a PDF file from the Company's website. A Finnish translation of the report can be found on the Company s website. Global Responsibility Report is published in English and downloadable as a PDF file from the Company s website. Printed Interim Reviews (in English, Finnish and Swedish) are distributed to shareholders registered with Euroclear Finland and Euroclear Sweden who have requested a copy. Interim Reviews are published in English, Finnish and Swedish on the Company s website, from where they can be downloaded as PDF files. Mailing lists for financial information Finnish and Swedish shareholders: Changes of address are updated automatically based on the population registers in Finland and Sweden. Please request addition to or removal from mailing lists by group.communications@storaenso.com, by mail Stora Enso Oyj, Global Communications, P.O. Box 309, FI Helsinki or by tel Registered ADR holders should contact DBTCA. Beneficial owners of Stora Enso ADRs should contact their broker. Other stakeholders: see details for Finnish and Swedish shareholders. Information for holders of American Depositary Receipts (ADRs) The Stora Enso dividend reinvestment and direct purchase plan is administered by Deutsche Bank Trust Company Americas. The plan makes it easier for existing ADR holders and first-time purchasers of Stora Enso ADRs to increase their investment by reinvesting cash distributions or by making additional cash investments. The plan is intended for US residents only. Further information on the Stora Enso ADR programme is available at Contact information for Stora Enso ADR holders Deutsche Bank Shareholder Services c/o American Stock Transfer & Trust Company Peck Slip Station P.O. Box 2050, New York, NY , USA Toll-Free number (within the USA only): DB@amstock.com Contacts Ulla Paajanen-Sainio SVP, Investor Relations Stora Enso Oyj, P.O. Box 309, FI Helsinki, Finland Tel , ulla.paajanen-sainio@storaenso.com This Auditor s Report is a copy of the Auditor s Report included in a separate document, Financial Report Stora Enso Facts & Figures 2012 Stora Enso Facts & Figures

9 Global Responsibility Report Financial Report Stora Enso 2012 Stora Enso 2012 Stora Enso Global Responsibility Report 2012 Find out more about Stora Enso s performance on issues related to sustainability in this in-depth report, which follows guidelines defined by the Global Reporting Initiative (GRI). Stora Enso Financial Report 2012 Contains detailed information on Stora Enso s financial performance and corporate governance, as well as the capital markets. This includes consolidated financial statements and notes, and the report of the Board of Directors. Stora Enso Oyj P.O. Box 309 FI Helsinki, Finland Visiting address: Kanavaranta 1 Tel Stora Enso AB P.O. Box SE Stockholm, Sweden Visiting address: World Trade Center Klarabergsviadukten 70 Tel storaenso.com facebook.com/storaenso twitter.com/storaenso group.communications@storaenso.com