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Stora Enso raises valuation of forest areas by €777m

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Published in issue 7/2020
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On 31 December 2019 Finnish Stora Enso Oyj (Helsinki) adjusted the value of its forest areas in Finland and Sweden upwards by €777m prior to tax. This revaluation together with non-operative items will have a net effect of €600m on the group’s operating profit (IFRS) in the fourth quarter of 2019. At €499m, ...

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