RICS:STERV.HE

Change in Stora Enso's Group Leadership Team

Retrieved on: 
Wednesday, March 29, 2023
STE, General counsel, Stora Enso, Lawyer, EVP, PwC, ADR Institute of Alberta, EUR, Sound, Management

HELSINKI, March 29, 2023 /PRNewswire/ -- Stora Enso has appointed Micaela Thorström as EVP, Legal and General Counsel and a member of the Group Leadership Team.

Key Points: 
  • HELSINKI, March 29, 2023 /PRNewswire/ -- Stora Enso has appointed Micaela Thorström as EVP, Legal and General Counsel and a member of the Group Leadership Team.
  • Micaela Thorström joined Stora Enso in 2015 as Legal Counsel and was appointed Vice President of Group Legal in April 2022.
  • "I am delighted to appoint Micaela as our General Counsel and welcome her to our Group Leadership Team.
  • "Stora Enso's legal team is a core function in enabling Stora Enso's transformation journey towards a regenerative future and work towards our sustainability strategy.

Stora Enso completes the divestment of its Maxau paper site to Schwarz Produktion

Retrieved on: 
Wednesday, March 1, 2023
Maxau Rhine Bridges, Schwarz Gruppe, Growth, Stora Enso, Cryptocurrency

HELSINKI, March 1, 2023 /PRNewswire/ -- Stora Enso has completed the divestment of its Maxau paper production site in Germany, and all related assets to Schwarz Produktion, part of Schwarz Group. The divestment announced on 13 September 2022 was completed today after regulatory approvals. The enterprise value of the transaction is approximately EUR 210 million.The transaction will reduce Stora Enso's annual SC (supercalendered) paper capacity by 530,000 tonnes. Based on the 2022 figures, the divestment is expected to reduce Stora Enso's annual sales by approximately EUR 385 million. Subject to closing date adjustments, Stora Enso will book a one-time disposal gain of approximately EUR 55 million in its IFRS operating profit in the first quarter of 2023, considered as an item affecting comparability.This transaction is part of the earlier announced plan to divest four of Stora Enso's five paper production sites. The plan was concluded earlier this year when Stora Enso signed an agreement to divest its paper production site in Hylte and discontinued the Anjala site divestment process. The divestment of the Nymölla paper site in Sweden was completed on 2 January with ownership transferred to Sylvamo. In line with its strategy, Stora Enso's focus is on long-term growth potential for its renewable products in packaging, building solutions and biomaterials innovations.About Schwarz ProduktionSchwarz Produktion is the umbrella brand for the production companies of Schwarz Group. In total, more than 4,500 employees in the Schwarz Produktion companies produce high-quality food as well as sustainable packaging and materials for the retail companies Lidl and Kaufland. In addition to mineral water and soft drinks, the Schwarz Produktion companies also produce chocolate, dried fruit, baked goods, coffee and ice cream. In addition, three plastic and recycling plants are a central component of a unique PET materials cycle. Further information about Schwarz Group here: gruppe.schwarz/en.Recent releases about Stora Enso's paper assets:27 January 2023: Stora Enso signs an agreement to divest its Hylte paper site and will discontinue the Anjala site divestment process2 January 2023: Stora Enso completes the divestment of its Nymölla paper site to Sylvamo13 September 2022: Stora Enso has signed an agreement to divest its Maxau paper site to Schwarz Produktion29 March 2022: Stora Enso plans to divest four paper sites to focus on strategic growth areasFor further information, please contact:Carl NorellPress officertel. +46 72 241 0349Investor enquiries:Anna-Lena ÅströmSVP Investor RelationsTel. +46 70 210 7691Part of the global bioeconomy, Stora Enso is a leading provider of renewable products in packaging, biomaterials and wooden construction, and one of the largest private forest owners in the world. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has approximately 21,000 employees and our sales in 2022 were EUR 11.7 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com/investorsSTORA ENSO OYJ

Key Points: 
  • HELSINKI, March 1, 2023 /PRNewswire/ -- Stora Enso has completed the divestment of its Maxau paper production site in Germany, and all related assets to Schwarz Produktion, part of Schwarz Group.
  • Based on the 2022 figures, the divestment is expected to reduce Stora Enso's annual sales by approximately EUR 385 million.
  • The plan was concluded earlier this year when Stora Enso signed an agreement to divest its paper production site in Hylte and discontinued the Anjala site divestment process.
  • The divestment of the Nymölla paper site in Sweden was completed on 2 January with ownership transferred to Sylvamo.

Stora Enso publishes its 2022 Annual Report

Retrieved on: 
Tuesday, February 14, 2023
Bank statement, XHTML, STE, Climate change, Financial statement, Remuneration, EUR, Annual report, XBRL, Stora Enso, Container, ADR rose, Forest management, Global warming potential, ESEF, ISAE, Sustainability Accounting Standards Board, Audit

HELSINKI, Feb. 14, 2023 /PRNewswire/ -- Stora Enso's 2022 Annual Report is available at storaenso.com/annualreport. For 2022, Stora Enso publishes one combined Annual Report, which includes our strategy, sustainability reporting, corporate governance, remuneration and financials. The official audited financial statements in Finnish and Swedish can be downloaded at storaenso.com/annualreport.Stora Enso publishes its annual financial statement in accordance with the European Single Electronic Format (ESEF) reporting requirements. The format of the report is Extensible Hypertext Markup Language (xHTML). In line with the ESEF requirements, the primary financial statements have been labelled with XBRL tags. The audit firm PricewaterhouseCoopers Oy has provided an independent auditor's reasonable assurance report on Stora Enso's ESEF Financial Statements in Finnish in accordance with ISAE 3000 (Revised). The ESEF files are attached to this release and can be downloaded at storaenso.com/annualreport.Stora Enso also reports against the SASB's Sustainability Accounting Standards for Forest Management and Containers & Packaging. The specific standard indicators are available in the online SASB Content Index, with references to the locations of these disclosures in Stora Enso's annual reporting. The Group's sustainability reporting has been assured by PricewaterhouseCoopers Oy with a level of Limited Assurance with GRI Standards as criteria. Given the Group's commitment to climate change mitigation and related emission data reliability, a level of Reasonable Assurance with GHG Protocol as criteria has been provided for direct and indirect fossil CO2e emissions (scope 1 and 2).Please note that the Annual Report is only provided as a downloadable pdf, it is available at storaenso.com/annualreport.

Key Points: 
  • For 2022, Stora Enso publishes one combined Annual Report, which includes our strategy, sustainability reporting, corporate governance, remuneration and financials.
  • Stora Enso publishes its annual financial statement in accordance with the European Single Electronic Format (ESEF) reporting requirements.
  • Stora Enso has approximately 21,000 employees and Group sales in 2022 of EUR 11.7 billion.
  • Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R).

Stora Enso Oyj's share-based long-term incentive plan for 2023-2025

Retrieved on: 
Friday, February 10, 2023
EPS, Biophysical environment, Stora Enso, Total shareholder return, EUR, ESG, Earnings per share, TSR, Social, Employment, Tax, Social Security Government Pension Offset, Renewable energy

HELSINKI, Feb. 10, 2023 /PRNewswire/ --  The Board of Directors of Stora Enso has decided on a new plan for 2023–2025 under the Company's share-based long-term incentive programme. The purpose of the plan is to incentivise and align management with shareholder interests and the long-term strategy of the Company. This will be done through setting measurable and long-term financial, strategic and ESG (Environmental, Social and Governance) targets.

Key Points: 
  • HELSINKI, Feb. 10, 2023 /PRNewswire/ -- The Board of Directors of Stora Enso has decided on a new plan for 2023–2025 under the Company's share-based long-term incentive programme.
  • The long-term incentive plan consists of performance shares (Performance Share Plan) with a three-year vesting period, and selectively restricted shares (Restricted Share Plan) with a three-year retainment period.
  • The long-term incentive plan includes ESG targets in order to strengthen the leadership's long-term commitment to the Company's sustainability agenda.
  • The long-term incentive plan for members of the Stora Enso Group Leadership Team consists of performance shares only.

Notice to the Annual General Meeting of Stora Enso Oyj

Retrieved on: 
Tuesday, January 31, 2023
Remuneration, Clorox, Mass meeting, Section, Person, Post office box, Marina, Address, Annual, STE, Legislation, AGM, Audit, Finance, Colgate-Palmolive, ADR, Beiersdorf, Culture Committee of the Parliament of Georgia, Chair, Citibank, MBA, Audit committee, C.3, Ethics, Skin, EUR, Legal Department (Hong Kong), ADR Institute of Alberta, Article 16, APA, Chapter Five, Companies' Remuneration Reports Bill, Congress Center, Proxy, Swanson v. Citibank N.A., Pandemic, Name, R, Exercise, Article, Sustainability, Holding company, Auction, Security (finance), Management, Car rental, Financial adviser, Internet service provider, Stora Enso, Shareholder, Euroclear, Business

HELSINKI, Jan. 31, 2023 /PRNewswire/ -- The Board of Directors of Stora Enso Oyj has decided to convene the Annual General Meeting to be held on Thursday 16 March 2023.

Key Points: 
  • HELSINKI, Jan. 31, 2023 /PRNewswire/ -- The Board of Directors of Stora Enso Oyj has decided to convene the Annual General Meeting to be held on Thursday 16 March 2023.
  • Notice is given to the shareholders of Stora Enso Oyj ("Stora Enso" or the "Company") to the Annual General Meeting (the "AGM") to be held on Thursday 16 March 2023 at 16 p.m. Finnish time at Marina Congress Center, Katajanokanlaituri 6, Helsinki, Finland.
  • The proposals for decisions relating to the agenda of the AGM and this notice are available on Stora Enso Oyj's website at storaenso.com/agm.
  • (ii) Request temporary registration in the shareholders' register of Stora Enso Oyj maintained by Euroclear Finland Oy.

Stora Enso Oyj Financial Statement Release 2022

Retrieved on: 
Tuesday, January 31, 2023
Regulation (EU) No. 305/2011, Stora Enso, Development, Ensō, Polestar, Bank statement, Environment, Maintenance, Biodiversity, Partnership, EU, International Financial Reporting Standards, EV, Growth, Continental Packaging Solutions, New European, Biomaterial, Forest, Weakness, Waste framework directive, Acquisition, Wood, Carbon, EBIT, Webcast, ID, Cryptocurrency, Renewable energy, Lumber, Management

Stora Enso's President and CEO Annica Bresky comments on the fourth quarter 2022 results:

Key Points: 
  • Stora Enso's President and CEO Annica Bresky comments on the fourth quarter 2022 results:
    "After what has been an exceptional year in many ways, I am proud that we have delivered against our financial guidance for 2022 despite a disruptive, highly inflationary, and challenging environment.
  • We will continue on this path also going forward until we recover the profitability as we see that 2023 will be a weaker year than in 2022.
  • Media representatives who wish to ask questions after the publication of the Financial Report, may contact Carl Norell, press officer at Stora Enso on +46 72 2410349.
  • This release is a summary of Stora Enso's Financial Statement Release 2022.

Stora Enso Oyj Financial Statement Release 2022

Retrieved on: 
Tuesday, January 31, 2023
Regulation (EU) No. 305/2011, Stora Enso, Development, Ensō, Polestar, Bank statement, Environment, Maintenance, Biodiversity, Partnership, EU, International Financial Reporting Standards, EV, Growth, Continental Packaging Solutions, New European, Biomaterial, Forest, Weakness, Waste framework directive, Acquisition, Wood, Carbon, EBIT, Webcast, ID, Cryptocurrency, Renewable energy, Lumber, Management

Stora Enso's President and CEO Annica Bresky comments on the fourth quarter 2022 results:

Key Points: 
  • Stora Enso's President and CEO Annica Bresky comments on the fourth quarter 2022 results:
    "After what has been an exceptional year in many ways, I am proud that we have delivered against our financial guidance for 2022 despite a disruptive, highly inflationary, and challenging environment.
  • We will continue on this path also going forward until we recover the profitability as we see that 2023 will be a weaker year than in 2022.
  • Media representatives who wish to ask questions after the publication of the Financial Report, may contact Carl Norell, press officer at Stora Enso on +46 72 2410349.
  • This release is a summary of Stora Enso's Financial Statement Release 2022.

Stora Enso signs an agreement to divest its Hylte paper site and will discontinue the Anjala site divestment process

Retrieved on: 
Friday, January 27, 2023
BofA Securities, Stora Enso, CFO, EUR, Growth, Continental Packaging Solutions, Pulp and paper industry, Cryptocurrency, Maxau Rhine Bridges

Concerning the Anjala paper site in Finland, Stora Enso has decided to discontinue the divestment process.

Key Points: 
  • Concerning the Anjala paper site in Finland, Stora Enso has decided to discontinue the divestment process.
  • The Hylte site transaction, along with the discontinuation of the Anjala divestment, concludes Stora Enso's plan announced in March 2022 to divest four of Stora Enso's five paper production sites.
  • The Anjala paper site, together with the retained Langerbrugge paper site in Belgium, were integrated into the Packaging Materials division on 1 January 2023.
  • The agreement to divest the Hylte paper site to Sweden Timber has no immediate impact on production nor customer deliveries.

Stora Enso changes its segment reporting

Retrieved on: 
Friday, January 27, 2023
STE, Paper, EUR, ADR (treaty), Maxau Rhine Bridges, Continental Packaging Solutions, Rare-earth element, Segment

HELSINKI, Jan. 27, 2023 /PRNewswire/ -- Stora Enso's segment reporting was changed on 1 January 2023 due to the ongoing reorganisation of the Paper division's operations and changes in the reporting of emerging businesses in the Packaging Solutions division.The Paper division was discontinued as of 1 January 2023 and will not be reported as a separate segment going forward. From 1 January 2023, the Maxau and Hylte sites are reported in Segment Other until the completion of the divestments. The retained Langerbrugge and Anjala sites are reported as part of the Packaging Materials division.From 1 January 2023, the reporting of the emerging businesses in the Packaging Solutions division, including Formed Fiber, Circular Solutions (biocomposites), and Selfly Stores, was transferred to Segment Other.Restated comparative figures will be published prior to the publication of the Q1/2023 Interim Report.For further information, please contact:Carl NorellPress officertel. +46 72 241 0349Investor enquiries:Anna-Lena ÅströmSVP Investor Relationstel. +46 70 210 7691

Key Points: 
  • HELSINKI, Jan. 27, 2023 /PRNewswire/ -- Stora Enso's segment reporting was changed on 1 January 2023 due to the ongoing reorganisation of the Paper division's operations and changes in the reporting of emerging businesses in the Packaging Solutions division.
  • From 1 January 2023, the Maxau and Hylte sites are reported in Segment Other until the completion of the divestments.
  • Stora Enso has approximately 22,000 employees and our sales in 2021 were EUR 10.2 billion.
  • Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R).