Stockholm:STE-R

Stora Enso publishes its Annual Report 2023

Retrieved on: 
Tuesday, February 13, 2024
STE, The Annual Report, XHTML, Annual report, Financial statement, Part, Climate change, Global warming potential, PDF, EUR, Forest management, OTCQX, ISAE, Container, Bank statement, XBRL, Audit

HELSINKI, Feb. 13, 2024 /PRNewswire/ -- Stora Enso's Annual Report 2023 is published today at storaenso.com/annualreport. The report includes a strategy review, sustainability reporting, corporate governance, remuneration report and financial report.

Key Points: 
  • HELSINKI, Feb. 13, 2024 /PRNewswire/ -- Stora Enso's Annual Report 2023 is published today at storaenso.com/annualreport .
  • The report includes a strategy review, sustainability reporting, corporate governance, remuneration report and financial report.
  • Stora Enso publishes its annual financial statements in accordance with the European Single Electronic Format (ESEF) reporting requirements.
  • Stora Enso has approximately 20,000 employees and Group sales in 2023 of EUR 9.4 billion.

Stora Enso publishes its Annual Report 2023

Retrieved on: 
Tuesday, February 13, 2024
STE, The Annual Report, XHTML, Annual report, Financial statement, Part, Climate change, Global warming potential, PDF, EUR, Forest management, OTCQX, ISAE, Container, Bank statement, XBRL, Audit

HELSINKI, Feb. 13, 2024 /PRNewswire/ -- Stora Enso's Annual Report 2023 is published today at storaenso.com/annualreport. The report includes a strategy review, sustainability reporting, corporate governance, remuneration report and financial report.

Key Points: 
  • HELSINKI, Feb. 13, 2024 /PRNewswire/ -- Stora Enso's Annual Report 2023 is published today at storaenso.com/annualreport .
  • The report includes a strategy review, sustainability reporting, corporate governance, remuneration report and financial report.
  • Stora Enso publishes its annual financial statements in accordance with the European Single Electronic Format (ESEF) reporting requirements.
  • Stora Enso has approximately 20,000 employees and Group sales in 2023 of EUR 9.4 billion.

Stora Enso Oyj Financial Statement Release 2023: Focus on profit improvement, competitiveness, and cash flow

Retrieved on: 
Thursday, February 1, 2024
EPS, Annual, Pressure, FV, Carbon, Wood, Steiner's Taxonomy of Tasks, Risk, Acquisition, AGM, Sale, Construction, EUR, Lithium

Stora Enso finalised the restructuring actions to improve long-term competitiveness and profitability announced in June 2023.

Key Points: 
  • Stora Enso finalised the restructuring actions to improve long-term competitiveness and profitability announced in June 2023.
  • Stora Enso has initiated a new profit improvement programme targeting annualised EUR 80 million improvement of the operational EBIT.
  • During the second half of 2023, Stora Enso implemented significant restructuring measures to enhance its financial performance going forward.
  • Building on last year's cost-saving initiative, Stora Enso will further pursue profit turnaround and cash flow improvements to reduce costs and improve competitiveness.

Stora Enso Oyj Financial Statement Release 2023: Focus on profit improvement, competitiveness, and cash flow

Retrieved on: 
Thursday, February 1, 2024
EPS, Annual, Pressure, FV, Carbon, Wood, Steiner's Taxonomy of Tasks, Risk, Acquisition, AGM, Sale, Construction, EUR, Lithium

Stora Enso finalised the restructuring actions to improve long-term competitiveness and profitability announced in June 2023.

Key Points: 
  • Stora Enso finalised the restructuring actions to improve long-term competitiveness and profitability announced in June 2023.
  • Stora Enso has initiated a new profit improvement programme targeting annualised EUR 80 million improvement of the operational EBIT.
  • During the second half of 2023, Stora Enso implemented significant restructuring measures to enhance its financial performance going forward.
  • Building on last year's cost-saving initiative, Stora Enso will further pursue profit turnaround and cash flow improvements to reduce costs and improve competitiveness.

Stora Enso resolved on two new long-term incentive plans for key employees

Retrieved on: 
Thursday, February 1, 2024
EPS, Social Security, Tax, Reward, CO2, Employment, EUR, STE, Remuneration, TSR, Management

HELSINKI, Feb. 1, 2024 /PRNewswire/ -- The Board of Directors of Stora Enso Oyj has resolved to establish two new share-based incentive plans for the key employees of the Group and its subsidiaries.

Key Points: 
  • HELSINKI, Feb. 1, 2024 /PRNewswire/ -- The Board of Directors of Stora Enso Oyj has resolved to establish two new share-based incentive plans for the key employees of the Group and its subsidiaries.
  • Stora Enso's goal is to offer remuneration that motivates, encourages, attracts, and retains top-tier employees.
  • The purpose of the plans is to align the key employees' interests with those of the shareholders to increase the Company's value in the long term, as well as to retain the key employees and offer them competitive share-based incentive schemes.
  • In the plan, the target group has an opportunity to be rewarded Stora Enso Oyj shares based on performance.

Stora Enso resolved on two new long-term incentive plans for key employees

Retrieved on: 
Thursday, February 1, 2024
EPS, Social Security, Tax, Reward, CO2, Employment, EUR, STE, Remuneration, TSR, Management

HELSINKI, Feb. 1, 2024 /PRNewswire/ -- The Board of Directors of Stora Enso Oyj has resolved to establish two new share-based incentive plans for the key employees of the Group and its subsidiaries.

Key Points: 
  • HELSINKI, Feb. 1, 2024 /PRNewswire/ -- The Board of Directors of Stora Enso Oyj has resolved to establish two new share-based incentive plans for the key employees of the Group and its subsidiaries.
  • Stora Enso's goal is to offer remuneration that motivates, encourages, attracts, and retains top-tier employees.
  • The purpose of the plans is to align the key employees' interests with those of the shareholders to increase the Company's value in the long term, as well as to retain the key employees and offer them competitive share-based incentive schemes.
  • In the plan, the target group has an opportunity to be rewarded Stora Enso Oyj shares based on performance.

Invitation to Stora Enso's Q4 2023 results webcast on 1 February 2024

Retrieved on: 
Thursday, January 18, 2024
Teleconference, EET, Interim, Stora Enso

The results will be presented by President and CEO Hans Sohlström and CFO Seppo Parvi.

Key Points: 
  • The results will be presented by President and CEO Hans Sohlström and CFO Seppo Parvi.
  • The presentation can be followed live via the link: https://stora-ensos-q4-fy-2023-results.open-exchange.net/ The webcast link will also be available on Stora Enso's website: storaenso.com/investors .
  • During the webcast presentation, analysts and investors will also have the possibility to ask questions.
  • To participate in the teleconference, please choose the "Teleconference" option on the homepage of the webcast.

Proposals of the Shareholders' Nomination Board to Stora Enso Oyj's Annual General Meeting 2024

Retrieved on: 
Wednesday, January 10, 2024
Senior, OP Financial Group, Annual general meeting, Master, Mass meeting, Economics, Chair, AGM, Shareholder, Remuneration

HELSINKI, Jan. 10, 2024 /PRNewswire/ -- The Shareholders' Nomination Board, established by Stora Enso's Annual General Meeting (AGM), will propose to the AGM to be held on 20 March 2024 that the Company's Board of Directors shall have eight (8) members.

Key Points: 
  • HELSINKI, Jan. 10, 2024 /PRNewswire/ -- The Shareholders' Nomination Board, established by Stora Enso's Annual General Meeting (AGM), will propose to the AGM to be held on 20 March 2024 that the Company's Board of Directors shall have eight (8) members.
  • The Shareholders' Nomination Board proposes that Kari Jordan be elected Chair and Håkan Buskhe be elected Vice Chair of the Board of Directors.
  • This recommendation is based on the fact that at Stora Enso, in line with a good Nordic governance model, the Shareholders' Nomination Board is separate from the Board of Directors.
  • The Shareholders' Nomination Board proposes to the AGM that the annual remuneration for the Chair, Vice Chair and members of the Board of Directors be increased by 3% and be paid as follows:

Proposals of the Shareholders' Nomination Board to Stora Enso Oyj's Annual General Meeting 2024

Retrieved on: 
Wednesday, January 10, 2024
Senior, OP Financial Group, Annual general meeting, Master, Mass meeting, Economics, Chair, AGM, Shareholder, Remuneration

HELSINKI, Jan. 10, 2024 /PRNewswire/ -- The Shareholders' Nomination Board, established by Stora Enso's Annual General Meeting (AGM), will propose to the AGM to be held on 20 March 2024 that the Company's Board of Directors shall have eight (8) members.

Key Points: 
  • HELSINKI, Jan. 10, 2024 /PRNewswire/ -- The Shareholders' Nomination Board, established by Stora Enso's Annual General Meeting (AGM), will propose to the AGM to be held on 20 March 2024 that the Company's Board of Directors shall have eight (8) members.
  • The Shareholders' Nomination Board proposes that Kari Jordan be elected Chair and Håkan Buskhe be elected Vice Chair of the Board of Directors.
  • This recommendation is based on the fact that at Stora Enso, in line with a good Nordic governance model, the Shareholders' Nomination Board is separate from the Board of Directors.
  • The Shareholders' Nomination Board proposes to the AGM that the annual remuneration for the Chair, Vice Chair and members of the Board of Directors be increased by 3% and be paid as follows:

Stora Enso Oyj's share-based long-term incentive plan for the President and CEO

Retrieved on: 
Wednesday, October 25, 2023
Policy, Tax, Remuneration, Employment, EUR, Annual report, Management, Stora Enso

HELSINKI, Oct. 25, 2023 /PRNewswire/ -- The Board of Directors of Stora Enso has decided on a CEO Performance Share Plan for 2023–2025 under the Company's share-based long-term incentive programme. This plan aims to support the long-term shareholder value creation and considers the change in leadership. Due to the CEO change on 18 September 2023, there are deviations from Stora Enso's Remuneration Policy 2022.  The long-term incentive plan consists of performance shares (Performance Share Plan) with a two-year vesting period. The long-term incentive plan includes targets related to balance sheet, capital expenditure, strategy and sustainability. The potential payout is based on the Company's performance in relation to the targets over the two-year plan period. Share reward will be paid in Stora Enso R shares. The maximum value of the plan is set at EUR 2 million at grant, which corresponds to approximately 169,420 shares at the share price on 18 September 2023.  No new shares will be issued in connection with the execution of the plan, and there is no dilutive effect on the number of Stora Enso's registered shares. Besides attainment of the performance criteria, the share reward is subject to continuation of employment. The share rewards earned within the CEO Performance Share Plan for 2023–2025 will be delivered in the fourth quarter of 2025. Applicable taxes will be deducted before shares are delivered.Further details about the CEO remuneration and deviation from the policy will be published in Stora Enso's Remuneration Report 2023 which will be part of the Annual Report.

Key Points: 
  • HELSINKI, Oct. 25, 2023 /PRNewswire/ -- The Board of Directors of Stora Enso has decided on a CEO Performance Share Plan for 2023–2025 under the Company's share-based long-term incentive programme.
  • Due to the CEO change on 18 September 2023, there are deviations from Stora Enso's Remuneration Policy 2022.
  • The long-term incentive plan consists of performance shares (Performance Share Plan) with a two-year vesting period.
  • The share rewards earned within the CEO Performance Share Plan for 2023–2025 will be delivered in the fourth quarter of 2025.