RICS:STER.ST

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).

Invitation to Stora Enso's Q4 2022 results webcast on 31 January 2023

Retrieved on: 
Tuesday, January 17, 2023
Paper, Stora Enso, Nasdaq Stockholm, EUR, Webcast, ID, ADR Institute of Alberta, International Financial Reporting Standards, STE, Nasdaq Helsinki

The results will be presented by President and CEO Annica Bresky and CFO Seppo Parvi.

Key Points: 
  • The results will be presented by President and CEO Annica Bresky and CFO Seppo Parvi.
  • During the webcast presentation, analysts and investors will also have the possibility to ask questions.
  • The link to the webcast will be also available on Stora Enso's website: storaenso.com/investors .
  • Stora Enso shares are listed on (NASDAQ Helsinki Oy: STEAV), (NASDAQ Helsinki Oy: STERV) and (NASDAQ Stockholm AB: STE A), (NASDAQ Stockholm AB: STE R).

Stora Enso completes the acquisition of De Jong Packaging Group

Retrieved on: 
Friday, January 6, 2023
Continental Packaging Solutions, Acquisition, Stora Enso, Benelux

HELSINKI, Jan. 6, 2023 /PRNewswire/ -- Stora Enso has completed the acquisition of the Netherland-based company De Jong Packaging Group, one of the largest corrugated packaging producers in the Benelux countries. The acquisition announced in September 2022 with an enterprise value of approximately EUR 1,020 million was closed today following regulatory clearances and employee consultation.

Key Points: 
  • HELSINKI, Jan. 6, 2023 /PRNewswire/ -- Stora Enso has completed the acquisition of the Netherland-based company De Jong Packaging Group, one of the largest corrugated packaging producers in the Benelux countries.
  • With the acquisition, Stora Enso's Packaging Solutions division will increase its corrugated packaging capacity by approximately 1,200 million m2 to more than 2,000 million m2, including De Jong Packaging Group's ongoing expansion projects.
  • "I am pleased to officially welcome De Jong Packaging Group as part of Stora Enso.
  • This acquisition advances Stora Enso's strategic direction by accelerating revenue growth and building market share in renewable packaging in Europe," says Annica Bresky, President and CEO at Stora Enso.

Stora Enso completes the divestment of its Nymölla paper site to Sylvamo

Retrieved on: 
Monday, January 2, 2023
Communication, Education, Growth, NYSE, Stora Enso, SLVM, Cryptocurrency

HELSINKI, Jan. 2, 2023 /PRNewswire/ -- Stora Enso has completed the divestment of its Nymölla paper production site in Sweden, and all related assets to Sylvamo, a US-based global producer of uncoated paper. The divestment announced on 15 September 2022 was closed today after regulatory approvals. The enterprise value of the transaction is approximately EUR 150 million.

Key Points: 
  • HELSINKI, Jan. 2, 2023 /PRNewswire/ -- Stora Enso has completed the divestment of its Nymölla paper production site in Sweden, and all related assets to Sylvamo, a US-based global producer of uncoated paper.
  • The Nymölla site's capacity is 485,000 metric tonnes of woodfree uncoated office papers, with Multicopy as the leading paper brand.
  • Based on the 2021 figures, the divestment is expected to reduce Stora Enso's annual sales by approximately EUR 290 million.
  • This transaction is part of the earlier announced plan to divest four of Stora Enso's five paper production sites.

Inside information: Stora Enso plans to divest its consumer board production site and forestry operations in China

Retrieved on: 
Friday, December 16, 2022
STE, ADR Institute of Canada, Eucalyptus, Ensō, Paper, Stora Enso, EUR, International Finance Corporation, Acquisition, Recycling

HELSINKI, Dec. 16, 2022 /PRNewswire/ --Stora Enso has initiated a sales process for a possible divestment of its consumer board production site in Beihai, China.

Key Points: 
  • HELSINKI, Dec. 16, 2022 /PRNewswire/ --Stora Enso has initiated a sales process for a possible divestment of its consumer board production site in Beihai, China.
  • The divestment would also include the Group's forestry operations in the surrounding region, which supply raw material to the Beihai site.
  • The divestment of the board mill and forestry operations would be conducted separately or as a combined unit.
  • Stora Enso owns approximately 80% of the production site and forest operations, and its local partners and International Finance Corporation (IFC) own the remaining share.

Stora Enso invests to strengthen focus on specialised pulp grades

Retrieved on: 
Tuesday, December 13, 2022
NBSK, Stora Enso, Carbon footprint, EUR, Investment, UKP, Pulp (paper)

HELSINKI, Dec. 13, 2022 /PRNewswire/ --Stora Enso strengthens its focus on specialised pulp grades by investing EUR 38 million in unbleached kraft pulp (UKP) production at its Enocell site in Finland and EUR 42 million in fluff pulp production improvement at its Skutskr site in Sweden.

Key Points: 
  • HELSINKI, Dec. 13, 2022 /PRNewswire/ --Stora Enso strengthens its focus on specialised pulp grades by investing EUR 38 million in unbleached kraft pulp (UKP) production at its Enocell site in Finland and EUR 42 million in fluff pulp production improvement at its Skutskr site in Sweden.
  • By increasing the share of UKP in the pulp portfolio, Stora Enso continues on its strategic path to develop more specialised Nordic pulp grades while optimising its share in standard market pulp.
  • The investment in fluff pulp production improvement at the Skutskr site strengthens Stora Enso's position as the leading fluff pulp producer in Europe.
  • "Through optimising our pulp portfolio, we advance the more specialised pulp offering, while also improving production and sustainability performance.

Stora Enso received approval for the acquisition of De Jong Packaging Group

Retrieved on: 
Thursday, December 1, 2022
STE, Ensō, Nasdaq Stockholm, European Commission, Nasdaq Helsinki, EUR, Acquisition, Paper, ADR (treaty), Airline

HELSINKI, Dec. 1, 2022 /PRNewswire/ --Stora Enso has received regulatory approval from the EU Commission to proceed with the acquisition of De Jong Packaging Group, announced in September 2022.

Key Points: 
  • HELSINKI, Dec. 1, 2022 /PRNewswire/ --Stora Enso has received regulatory approval from the EU Commission to proceed with the acquisition of De Jong Packaging Group, announced in September 2022.
  • Part of the global bioeconomy, Stora Enso is a leading provider of renewable products in packaging, biomaterials, wooden construction and paper, and one of the largest private forest owners in the world.
  • 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), (NASDAQ Helsinki Oy: STERV) and (NASDAQ Stockholm AB: STE A), (NASDAQ Stockholm AB: STE R).