Stora Enso

Financial highlights

Financial highlights 2003 2004
Sales, EUR million
12 172 12 396
Operating profit, EUR million
471 706
   excluding non-recurring items, EUR million 526 336
   % of sales 4.3 2.7
Profit before tax and minority interests, EUR million 211 639
   excluding non-recurring items, EUR million 319 269
Net profit for the period, EUR million 138 740
Capital expenditure, EUR million 1 248 980

Interest-bearing net liabilities, EUR million

3 919 3 052

Capital employed, EUR million

11 613 10 671
Return on capital employed (ROCE), % 4.0 6.3
   excluding non-recurring items, % 4.5 3.0

Return on equity (ROE), %

1.7 9.2

Debt/equity ratio

0.49 0.38

Earnings/share, EUR

0.16 0.89
   diluted, EUR 0.16 0.89
   excluding non-recurring items, EUR million 0.24 0.25

Cash earnings/share, EUR

1.57 2.01
   diluted, EUR 1.57 2.01
   excluding non-recurring items, EUR million 1.63 1.67

Dividend/share, EUR

0.45 0.45*

Equity/share, EUR

9.49 9.81

Payout ratio, %

180 180

Market capitalisation, EUR million, 31 Dec.

9 288 9 486

Deliveries of paper and board, 1 000 tonnes

13 551 14 409

Deliveries of wood products, 1 000 m3

5 822 6 664

Average number of employees

44 264 43 779
*Board's dividend proposal


 




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