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2016-11-17

Stora Enso Oyj: Stora Enso's Capital Markets Day: Solid performance, accelerated transformation

STORA ENSO OYJ STOCK EXCHANGE RELEASE 17 November 2016 at 14.50 EET

Stora Enso is hosting its Capital Markets Day in London today. The
focus is on strategy, performance, and the biomaterials and wood
products businesses.

Stora Enso's CEO Karl-Henrik Sundström says: "Stora Enso's asset
transformation is nearly completed and our focus is now on sales and
innovations. We have successfully completed several major investments
recently. We are now gradually decreasing our capital expenditure
(excluding investments to biological assets) to the level of
depreciation. In 2017, the estimated capital expenditure will be EUR
600-650 million, including EUR 100 million for biological assets.

Our consumer board mill in Beihai, China started up in May 2016, and
is ramping up ahead of plan. We expect it to reach EBITDA break-even
in the first quarter of 2018. Our kraftliner mill in Varkaus, Finland
started up in October 2015, and reached EBITDA break-even during the
third quarter of 2016. We expect it to reach EBIT break-even in the
second quarter of 2017.

Majority of our portfolio is aimed at growth, and the sales of our
growth businesses - Consumer Board, Packaging Solutions, Biomaterials
and Wood Products - are increasing steadily. For our Paper division,
the strategy is maximum cash generation, and currently it is well
above the long term target. All divisions contribute to the cash
flow, which supports our transformation into a renewable materials
company. Our balance sheet is strong and we have been able to pay
stable dividends also during our transformation period.

Today, our Capital Markets Day concentrates on two of our growth
businesses. Our Biomaterials division focuses on strengthening its
current pulp business. Demand for pulp keeps growing, especially in
the segments selected in Stora Enso strategy. Stora Enso is also
creating new platforms for growth with investments in extraction and
separation technologies for wood fibres. For instance lignin as
phenol replacement offers us big potential with attractive margins.

Our Wood Products division has transformed from a classic sawn
producer into a leading provider of innovative wood-based solutions.
As a leader in wooden building components and systems, we are in a
good position to drive growth."

Live webcast from Stora Enso's Capital Markets Day starts at 15.00 EET
(13.00 UK time). You are welcome to follow the presentations at
http://edge.media-server.com/m/p/ddmehd62.

For further information, please contact:
Ulrika Lilja, EVP Communications, tel. +46 72 221 9228

Investor enquiries:
Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 40 763 8767
Stora Enso is a leading provider of renewable solutions in packaging,
biomaterials, wooden constructions and paper on global markets. Our
aim is to replace fossil based materials by innovating and developing
new products and services based on wood and other renewable
materials. We employ some 26 000 people in more than 35 countries,
and our sales in 2015 were EUR 10.0 billion. Stora Enso shares are
listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A,
STE R). In addition, the shares are traded in the USA as ADRs (SEOAY)
on the International OTCQX over-the-counter market. storaenso.com
(http://www.storaenso.com/)

STORA ENSO OYJ

For further information, please contact:
Ulrika Lilja
EVP Communications
tel. +46 72 221 9228

Investor enquiries:
Ulla Paajanen-Sainio
SVP, Investor Relations
tel. +358 40 763 8767

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http://news.cision.com/stora-enso-oyj/r/stora-enso-s-capital-markets-day...

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