The structural change on the markets for graphic paper left distinct marks in Stora Enso's business results for 2013. The company recorded a net loss of €71 m in the last fiscal year, mainly as a result of non-recurring expenditure and costs. Development varied greatly in the individual divisions, however. As was to be expected, the results in the graphic paper segment (Printing and Reading) were hardest hit by the reduction in consumption. In this segment alone, extensive impairment on fixed assets and other non-recurring items had to be incurred, amounting to €644m. This segment consequently posted an operating loss of €608m. In contrast, the second high-revenue segment, Renewable Packaging, generated an operating profit of€437m.
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