Stora Enso’s fourth quarter 2023 impairment test results

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 fixed asset impairments in the Packaging Materials division mainly relate to the Business Unit Containerboard and in the Biomaterials division to the Nordic production units. The impairments are mainly a consequence of Stora Enso’s predictions of a weaker outlook compared to previous estimates.
details at: https://www.storaenso.com/en/newsroom/regulatory-and-investor-releases/2023/12/stora-ensos-fourth-quarter-2023-impairment-test-results

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