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Note 3 Segment information
Stora Enso’s reportable segments are formed by five divisions, Consumer Board, Packaging Solutions, Biomaterials, Wood Products and Paper as well as segment Other.

The activities of the reportable segments are:
Consumer Board
Consumer Board division develops and provides consumer packaging boards for printing and packaging applications. A wide board and barrier coating selection is suitable for the design and optimisation of packaging for liquid, food, pharmaceutical and luxury goods. We serve brand owners globally and are expanding in growth markets such as China and Asia Pacific to meet rising demand.
Packaging Solutions
Packaging Solutions division develops fibre-based packaging, and operates at every stage of the value chain from pulp production, material and packaging production to recycling. Our solutions serve leading converters, brand owners and retail customers helping to optimise performance, reduce total costs and enhance sales.
Biomaterials
Biomaterials division offers a variety of pulp grades to meet the demands of paper, board, tissue, textile and hygiene product producers. We also develop new ways to maximise the value extractable from wood, as well as other kinds of lignocellulosic biomasses. Sugars and lignin hold potential for use in applications in the specialty chemical, construction, personal care and food industries. We have a global presence with operations in Brazil, Finland, Laos, Sweden, Uruguay and the USA.
Wood Products
Wood Products division provides versatile wood-based solutions for building and housing. Our product range covers all areas of urban construction including massive wood elements, wood components and pellets. We also offer a variety of sawn timber goods. Our customers are mainly construction and joinery companies, merchandisers and retailers. Wood Products operates globally and has more than 20 production units in Europe.
Paper
Paper division provides best-in-class paper solutions for print media and office use. The wide selection covers papers made from recycled and fresh wood fibre. Our main customer groups include publishers, retailers, printing houses, merchants, converters and office suppliers. Our mills are located predominantly in Europe, with one mill in China. Three of the mills produce paper based on 100%-recycled fibre.
Other
The segment Other includes the Nordic forest equity accounted investments, Stora Enso’s shareholding in the energy company Pohjolan Voima, operations supplying wood to the Nordic mills and group shared services and administration.
Sales by segment
Year Ended 31 December
External Internal Total External Internal Total
EUR million 2016 2015
Consumer Board 2 331 11 2 342 2 331 9 2 340
Packaging Solutions 1 019 25 1 044 888 25 913
Biomaterials 981 395 1 376 1 001 483 1 484
Wood Products 1 488 107 1 595 1 497 106 1 603
Paper 3 175 70 3 245 3 526 104 3 630
Other 808 1 669 2 477 797 1 681 2 478
Elimination of internal sales - -2 277 -2 277 - -2 408 -2 408
Total 9 802 - 9 802 10 040 - 10 040
Sales include external service income of EUR 76 (EUR 71) million.
Segment share of operating profit/loss
Year Ended 31 December
Operating Profit/Loss
EUR million 2016 2015
Consumer Board 67 258
Packaging Solutions 42 80
Biomaterials 211 308
Wood Products 88 80
Paper 289 -179
Other 86 512
Total 783 1 059
Net financial items -242 -245
Profit before Tax 541 814
Income tax expense -134 -31
Net Profit 407 783
Intangible asset and property, plant and equipment (PPE), depreciations, impairments and reversals, disposal gains and losses and capital expenditure by segment
Year Ended 31 December
Intangible Assets and PPE Depreciations/Impairments/Reversals/Disposal gains and losses Capital Expenditure
EUR million 2016 2015 2016 2015 2016 2015
Consumer Board 1 639 1 526 158 144 312 487
Packaging Solutions 746 782 85 60 56 128
Biomaterials 2 108 2 028 109 107 92 115
Wood Products 403 361 30 29 72 63
Paper 945 1 163 -7 404 73 84
Other 188 171 23 19 33 35
Total 6 029 6 031 398 763 638 912
Goodwill by segment
Year Ended 31 December
Goodwill Impairment
EUR million 2016 2015 2016 2015
Consumer Board - - - -
Packaging Solutions 19 30 11 -
Biomaterials 32 31 - -
Wood Products 104 104 - -
Paper 83 83 - -
Other - - - -
Total 238 248 11 -
Average personnel
Year Ended 31 December Year Ended 31 December
Segment 2016 2015 Location 2016 2015
Consumer Board 4 118 4 239 Austria 912 890
Packaging Solutions 7 372 7 141 Baltic States 1 203 1 177
Biomaterials 1 797 1 655 Belgium 536 536
Wood Products 3 937 3 824 Czech Republic 810 736
Paper 5 786 6 810 Finland 6 667 6 589
Other 3 259 3 114 France 45 71
Total 26 269 26 783 Germany 1 465 1 711
Poland 1 930 1 856
Russia 1 093 1 086
Spain 15 190
Sweden 5 091 4 975
Other Europe 221 291
Total Europe 19 988 20 108
Brazil 475 714
China (incl. Hong Kong) 5 156 5 114
India - 234
USA 88 52
As at 31 December Uruguay 344 334
2016 2015 Other countries 218 227
Year-End Personnel 25 447 25 680 Total 26 269 26 783
External sales by destination and origin
Year Ended 31 December
Sales by Destination Sales by Origin Balance of Trade
EUR million 2016 2015 2016 2015 2016 2015
Austria 279 250 357 348 78 98
Baltic States 237 224 266 264 29 40
Belgium 160 146 257 255 97 109
Czech Republic 146 161 243 250 97 89
Denmark 138 133 21 17 -117 -116
Finland 730 647 3 694 3 653 2 964 3 006
France 467 474 8 10 -459 -464
Germany 1 378 1 454 626 726 -752 -728
Italy 326 338 - - -326 -338
Netherlands 240 257 23 14 -217 -243
Poland 498 468 421 375 -77 -93
Russia 280 266 180 175 -100 -91
Spain 295 342 - 87 -295 -255
Sweden 981 995 2 704 2 613 1 723 1 618
UK 510 575 18 21 -492 -554
Other Europe 808 810 101 139 -707 -671
Total Europe 7 473 7 540 8 919 8 947 1 446 1 407
Australia / New Zealand 175 208 21 25 -154 -183
Brazil 72 140 276 423 204 283
China (incl. Hong Kong) 712 694 272 302 -440 -392
Japan 284 282 - - -284 -282
Middle East 240 269 - - -240 -269
Uruguay 28 23 306 336 278 313
USA 128 112 2 2 -126 -110
Other countries 690 772 6 5 -684 -767
Total 9 802 10 040 9 802 10 040 - -
Total assets, capital employed and shareholders' equity by location
As at 31 December
Total Assets Capital Employed Shareholders' Equity
EUR million 2016 2015 2016 2015 2016 2015
Austria 169 172 99 114 104 123
Baltic States 106 115 76 91 160 143
Belgium 276 313 182 214 208 298
Czech Republic 150 151 122 125 108 109
Finland 3 663 3 228 2 169 2 078 1 358 1 068
Germany 406 523 31 109 77 100
Poland 548 583 450 473 267 275
Russia 178 130 99 81 133 77
Sweden 2 783 3 013 1 814 2 089 879 854
Other Europe 110 52 46 -5 211 -11
Total Europe 8 389 8 280 5 088 5 369 3 505 3 036
Brazil 530 574 502 517 462 406
China (incl. Hong Kong) 1 386 1 562 1 143 1 114 480 730
Uruguay 1 781 1 750 1 703 1 630 1 181 1 087
USA 145 99 114 84 127 85
Other countries 95 96 44 39 51 44
Total 12 326 12 361 8 594 8 753 5 806 5 388
Total capital employed represents operating capital less net tax liabilities
Reconciliation of operating capital to total assets
As at 31 December
EUR million 2016 2015
Operating Capital 8 650 8 800
Operative liabilities 2 405 2 352
Interest-bearing receivables 1 048 957
Tax receivables 223 252
Total Assets 12 326 12 361
Operating capital (“O” items) is designated thus on the Balance Sheet and represents the sum of Intangible Asset and Property, Plant and Equipment and biological assets, emission rights, unlisted shares, other non-current assets, inventories, current operative receivables and liabilities, provisions and other non-current operative liabilities.
Intangible asset and property, plant and equipment (PPE), capital expenditure and depreciations, impairments and reversals, disposal gains and losses by location
Year Ended 31 December
Intangible Assets and PPE Depreciations/Impairments/Reversals/Disposal gains and losses Capital Expenditure
EUR million 2016 2015 2016 2015 2016 2015
Austria 107 109 6 6 5 23
Baltic States 45 49 6 8 4 3
Belgium 222 260 50 113 12 8
Czech Republic 111 113 5 4 3 5
Finland 1 227 1 190 175 149 214 262
Germany 314 377 35 89 12 14
Poland 409 430 27 27 21 34
Russia 67 54 7 8 7 5
Sweden 765 898 181 224 82 61
Other Europe 12 4 -6 7 -1 1
Total Europe 3 279 3 484 486 635 359 416
Brazil 306 255 24 58 11 14
China (incl. Hong Kong) 890 782 -157 27 218 407
Uruguay 1 426 1 419 41 40 15 42
USA 126 89 3 2 35 33
Other countries 2 2 1 1 - -
Total 6 029 6 031 398 763 638 912

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