Stora Enso falls well short of 2011 result

Stora Enso generated a net result in the second quarter of 2012 of €69.5m representing year-on-year decline of roughly 49%. Without taking into account one-off items the net result would have even been much lower, at €13.5m. The operating result to IFRS was down to €152.7m and EBITDA plunged by 31% to €248.1m (in the second quarter. In contrast, at €2.704bn, group turnover was maintained at the level of the previous year.