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Stora Enso Approves Demerger Plan

By Reuters News

Oct 30 (Reuters) - Stora Enso Oyj STERV.HE:

  • STORA ENSO'S BOARD OF DIRECTORS APPROVES DEMERGER PLAN TO SEPARATE BERGSLAGETS SKOGAR INTO A NEW LISTED COMPANY, ANNOUNCING STRATEGIC TARGETS AND DIVIDEND POLICY

  • STRATEGIC TARGETS FOR BERGSLAGETS SKOGAR: NET STANDING STOCK VOLUME SHALL GROW BY 1 PERCENT PER YEAR ON AVERAGE

  • STRATEGIC TARGETS FOR BERGSLAGETS SKOGAR: LONG-TERM GENERATE AN ANNUAL FREE CASH FLOW RETURN OF 2 PERCENT

  • AS ORDINARY DIVIDEND, BERGSLAGETS SKOGAR INTENDS TO DISTRIBUTE BETWEEN 80 TO 100 PERCENT OF ADJUSTED NET INCOME

  • DEMERGER IS NOT EXPECTED TO HAVE A MATERIAL IMPACT ON STORA ENSO'S REPORTED SALES

  • OPERATING PROFIT (IFRS) WILL LARGELY DECREASE BY AMOUNT CORRESPONDING TO BERGSLAGETS SKOGAR'S OPERATING PROFIT

Further company coverage: STERV.HE

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