Stora Enso Oyj said its normalized net income for the fourth quarter came to 38 euro cents per share, compared with the S&P Capital IQ consensus estimate of 17 cents per share.
EPS fell 31.1% year over year from 55 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €296.9 million, a decline of 31.0% from €430.1 million in the year-earlier period.
The normalized profit margin dropped to 11.9% from 16.9% in the year-earlier period.
Total revenue fell year over year to €2.49 billion from €2.54 billion, and total operating expenses declined 7.7% year over year to €2.17 billion from €2.36 billion.
Reported net income decreased 77.8% from the prior-year period to €94.8 million, or 12 cents per share, from €426.5 million, or 54 cents per share.
For the year, the company's normalized net income totaled 79 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 67 cents.
EPS declined from 95 cents in the prior year.
Normalized net income was €624.1 million, a decline from €751.5 million in the prior year.
Full-year total revenue declined on an annual basis to €9.86 billion from €10.09 billion, and total operating expenses fell year over year to €8.91 billion from €9.23 billion.
The company said reported net income declined on an annual basis to €466.0 million, or 59 cents per share, in the full year, from €805.6 million, or €1.02 per share.
