Stora Enso's fourth quarter 2023 impairment test results
HELSINKI, Dec. 12, 2023 /PRNewswire/ -- Stora Enso will record non-cash impairments of approximately EUR 514 million in its IFRS operating result in the fourth quarter of 2023. The impairments will be reported as an item affecting comparability (IAC). Including the estimated positive tax effect of EUR 65 million, the net result impact will be approximately EUR 449 million negative.
- The impairments are mainly a consequence of Stora Enso's predictions of a weaker outlook compared to previous estimates.
- As a result of the impairment booking, the annual depreciation will decrease by approximately EUR 40 million going forward.
- The impairments do not impact Stora Enso's full-year 2023 guidance.
- Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R).