Stora Enso Oyj in its AGM held on April 23, 2013, approved a dividend of EUR 0.30 per share for the year 2012. The dividend shall be paid to shareholders that on the dividend record date, 26 April 2013, are recorded in the shareholders' register maintained by Euroclear Finland Ltd. or in the separate register of shareholders maintained by Euroclear Sweden AB for Euroclear Sweden registered shares. Dividends payable for Euroclear Sweden registered shares will be forwarded by Euroclear Sweden AB and paid in Swedish krona. Dividends payable to ADR holders will be forwarded by Deutsche Bank Trust Company Americas and paid in US dollars. The meeting also appointed Elisabeth Fleuriot and Anne Brunila as new members of the Board of Directors for the same term of office. Anne Brunila (chairwoman) and Birgitta Kantola were elected as members of the new Global Responsibility and Ethics Committee that focuses on responsibility and ethics matters.

Stora Enso Oyj reported earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported sales of EUR 2,667 million compared to EUR 2,673 million a year ago. Operational EBITDA was EUR 240 million compared to EUR 265 million a year ago. Operational EBIT was EUR 118 million compared to EUR 150 million a year ago. Operating profit was EUR 20 million compared to EUR 127 million a year ago. Loss before tax was EUR 36 million compared to profit before tax of EUR 90 million a year ago. Net loss was EUR 16 million or EUR 0.02 per share compared to net profit of EUR 74 million or EUR 0.09 per share a year ago. Operational ROCE was 5.4% compared to 6.9% a year ago. Cash flow from operations was EUR 101 million. The company provided earnings guidance for the second quarter of 2013. For the second quarter of 2013, the group sales are expected to be slightly higher and operational EBIT in line with or slightly higher than the first quarter of 2013. The company expects statutory tax rates of 24% to 26% and effective tax rate somewhere between 14% and 16% for fiscal 2013 and 2014 respectively.

Stora Enso plans to launch a Group streamlining and structure simplification project intended to achieve annual fixed cost savings of EUR 200 million, including the earlier announced EUR 30 million in the Building and Living Business Area, with the full impact starting from the second quarter of 2014. The project is planned to include all Business Areas and corporate functions. In addition to reducing costs, the planned project would reduce interdependencies between businesses and enable a stronger focus on growth in value creating businesses. It is planned to change from four Business Areas to three Divisions by integrating the current Building and Living Business Area with the Printing and Reading Business Area in a new Division mainly focusing on mature businesses and geographies. The other two Divisions would be the existing Renewable Packaging and Biomaterials Business Areas, which would remain as they are and concentrate on growth markets and businesses, as well as innovation. It is planned that the Divisions and corporate functions would undergo organisational streamlining. Further outsourcing alternatives in Group shared services and sale of non-core assets will be considered. As far as possible, it is planned to centralise functions in one location instead of several. The planned new Division combining the current Building and Living Business Area with the Printing and Reading Business Area would be led by Karl-Henrik Sundstrom, currently Chief Financial Officer of Stora Enso. The company will immediately begin the process of recruiting a new CFO. The leadership of the two other Divisions will remain as it is today, with Mats Nordlander heading Renewable Packaging and Juan Bueno heading Biomaterials. The segment reporting will remain as before to give the markets continued transparency. The plans announced concerning the Division structure would be in effect by 1 July 2013. All detailed plans are subject to the outcome of co-determination negotiations.