Stora Enso Oyj reported a third-quarter net profit of 80 million EUR.

The company had a net loss of 50 million EUR in the same period last

year, when it recorded a nonrecurring cost of 193 million. Sales at EUR

2,7 million EUR were EUR 45 million lower than a year ago.Markets overall varied from weak in Europe in printing and reading and wood products, to a mixed picture in renewable packaging. Stora Enso plans profitability improvement actions across all Business Areas and the company plans restructuring of its operations through the permanent shutdown of paper machine 1 at Hylte Mill in Sweden and the permanent closure of the corrugated packaging plant at Ruovesi in Finland. In addition, the company plans efficiency improvements at several other mills. The profitability improvement actions are planned to reduce annual costs by EUR 36 million and reduce the number of employees by approximately 520 altogether.Stora Enso will also examine the possibility of selling Corbehem Paper Mill in France. The annual capacity of the mill is 330 000 tonnes of light-weight coated magazine paper.In the fourth quarter of 2012 Group sales are expected to be at roughly similar level and the operational EBIT in line with or slightly lower than the third quarter of 2012.