Latest news with #HansSohlström
Yahoo
2 days ago
- Business
- Yahoo
Stora Enso inaugurates modern packaging production line at Oulu mill in Finland
Finnish pulp and paper manufacturer Stora Enso has inaugurated its modern consumer packaging board production line at its Oulu mill in Finland, following a €1.1bn ($1.2bn) investment. The investment is part of a larger €1.7bn investment in the site since 2019. This strategic move has enabled the conversion of former paper machines into state-of-the-art board lines, decreasing the mill's environmental impact by slashing carbon dioxide emissions by 90%. The new production line at the Oulu mill incorporates Stora Enso's patented FiberLight Tec fibre processing technology. This technology allows for the creation of lighter yet stronger and more durable boards, including folding boxboard, kraftliners, paper bag material, and unbleached softwood pulp. The Oulu mill's output caters to a variety of packaging needs, including frozen and dry food products, pharmaceuticals, and beverage multipacks. The majority of the mill's output is destined for export, according to the company. Stora Enso president and CEO Hans Sohlström said: "The Oulu production site is a strategically significant investment as it strengthens our leading position in high-added-value renewable packaging materials and increases Finland's export revenue significantly. 'Consumer packaging made from wood fibres has great potential to replace plastic packaging and our materials are designed for existing recycling streams. The nearly carbon-neutral production site in Oulu is a prime example of an investment in bioeconomy, and it concretely contributes to the transition from fossil materials to renewable and recyclable packaging.' Looking ahead, Stora Enso anticipates that the new consumer packaging board line at the Oulu mill will achieve its full production capacity of 750,000 tonnes (t) by 2027. By this time, the mill's annual sales are expected to reach approximately €800m. Stora Enso Oulu business unit head Matti Lielahti said: 'Our folding boxboard can be up to a third lighter than traditional boards, the material is efficient and durable and helps our customers to reduce the consumption of packaging material and at the same time reduce their transport emissions. "This means also that they have very high added value. Our mill's location next to the deep port enables efficient logistics worldwide throughout the year. It is important for us to be involved in mitigating climate change." Stora Enso has roots in the Oulu region, with the mill's history stretching back to the 1930s. "Stora Enso inaugurates modern packaging production line at Oulu mill in Finland" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-07-2025
- Business
- Yahoo
Invitation to Stora Enso's Q2 2025 results webcast on 23 July 2025
STORA ENSO OYJ INVESTOR NEWS 9 July 2025 at 9:00 EEST HELSINKI, July 9, 2025 /PRNewswire/ -- Stora Enso will publish its Q2 results and Half-year Report for January–June 2025 on Wednesday 23 July at approximately 8:30 EEST (7:30 CEST). Analysts, investors, and media are invited to participate in the webcast with a teleconference at 11:00 am EEST (10:00 CEST, 9:00 BST, 4:00 EDT) on the same day. The results will be presented by President and CEO Hans Sohlström and CFO Niclas Rosenlew. The presentation can be followed live via the link: The webcast link will also be available on Stora Enso's website: 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. A recording of the presentation will be available at and on Media representatives who wish to ask questions after the publication of the Interim Report may contact Carl Norell, SVP Corporate Communications at Stora Enso on +46 72 241 0349. Stora Enso The forest is at the heart of Stora Enso, and we believe that everything made from fossil-based materials today can be made from a tree tomorrow. We are the leading provider of renewable products in packaging, biomaterials, and wooden construction, and one of the largest private forest owners in the world. Stora Enso has approximately 19,000 employees and our sales in 2024 were EUR 9 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 on OTC Markets (OTCQX) as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF). STORA ENSO OYJ Media enquiries:Carl NorellSVP Corporate Communicationstel. +46 72 241 0349Investor enquiries:Jutta MikkolaSVP Investor Relationstel. +358 50 544 6061 This information was brought to you by Cision View original content:
Yahoo
18-06-2025
- Business
- Yahoo
Stora Enso initiates a strategic review of its Swedish forest assets (Inside information)
STORA ENSO OYJ INSIDE INFORMATION 18 June 2025 at 19:00 EEST HELSINKI, Finland, June 18, 2025 /PRNewswire/ -- As part of its stronger focus on renewable packaging, Stora Enso is initiating a strategic review of its Swedish forest assets. The review includes assessing a potential separation and public listing of the forest assets through a partial demerger. The initiative aims to further increase business focus, streamline operations, and fully unlock the value of both the forest assets and Stora Enso's core packaging business. As part of this review, Stora Enso will explore various options, including a potential separation and listing of the forest business through a partial demerger into a new company that would be wholly owned by all Stora Enso shareholders. This move aims to establish two robust and independent entities, each with heightened focus and strategic agility. Stora Enso would continue to lead in renewable packaging, with strong market positions and more flexible, integrated, and cost-competitive production. Meanwhile, the Swedish forest business would emerge as Europe's largest listed pure forest company, owning a unique class of assets with anticipated long-term value appreciation and potential for significant new revenue streams. Following the recent agreement to divest approximately 175,000 hectares of Swedish forestland for an enterprise value of EUR 900 million, in line with book value, Stora Enso retains ownership of over 1.2 million hectares (1.0 million hectares of productive forestland) in Sweden, with a fair value of approximately EUR 5.8 billion as of 31 March 2025. While these assets are integral to Stora Enso's wood supply chain, they possess a distinct operational, financial, and strategic profile."Our Swedish forest assets exemplify excellence in sustainable forestry operations and environmental stewardship," stated Hans Sohlström, President and CEO of Stora Enso. "Initiating this strategic review underscores our commitment to maximising shareholder value while ensuring alignment with our long-term strategic objectives. By evaluating various strategic options, we aim to enhance business focus, reduce complexity, and unlock the full potential of both our forest and industrial assets." Stora Enso plans to provide an update on the strategic review by the end of 2025. All changes are subject to co-determination negotiations and other potential legal procedures in all impacted countries. Webcast on Thursday 19 June 2025Stora Enso will organise a webcast regarding the strategic review on Thursday 19 June at 11.00 EEST / 10.00 CEST. The webcast will be held in English, and it can be accessed at More information is available on The forest is at the heart of Stora Enso, and we believe that everything made from fossil-based materials today can be made from a tree tomorrow. We are the leading provider of renewable products in packaging, biomaterials, and wooden construction, and one of the largest private forest owners in the world. In 2024, Stora Enso had approximately 19,000 employees, and the Group sales were EUR 9 billion. Stora Enso's 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 OTC Markets (OTCQX) as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF). STORA ENSO OYJ CONTACT: For further information, please contact: Carl Norell SVP Corporate Communications tel. +46 72 241 0349 Investor enquiries:Jutta Mikkola SVP Investor Relations tel. +358 50 544 6061 This information was brought to you by Cision The following files are available for download: Aerial forest listimage View original content: Sign in to access your portfolio
Yahoo
28-04-2025
- Business
- Yahoo
Stora Enso reports 9.1% sales increase in Q1 FY25
Stora Enso, a Finnish packaging company, has reported sales of €2.36bn ($2.68bn) in the first quarter (Q1) of fiscal year 2025 (FY25), a 9.1% increase from the same period of the previous fiscal year. In the interim report for the period of January to March 2025, the company attributed this increase primarily to elevated prices and deliveries. The company's adjusted earnings before interest and taxes (EBIT) rose for the fourth consecutive quarter on a year-on-year basis to €175m in Q1 FY25, which is a 17.7% uptick from the €149m posted in the corresponding quarter of the previous year. The adjusted EBIT margin also saw an improvement, climbing to 7.4% in Q1 FY25 compared to 6.9% in Q1 FY24. Higher prices, volumes, and positive impacts from net currency exchange rates and depreciations more than offset higher fibre costs, stated the company. During Q1 FY25, Stora Enso's operating result witnessed an increase of 21.7%, reaching €171m compared to €141m reported in Q1 FY24. The company's pretax result indicates a 40.8% rise to €132m in Q1 FY25 from the €94m in Q1 FY24. The net result for the period grew 40% year-over-year to €107m. The company's basic earnings per share for Q1 FY25 stood at €0.14, up 43.5% from €0.10 reported in the same period of the previous year. Stora Enso president and CEO Hans Sohlström said: 'This improvement primarily resulted from higher prices, alongside increased volumes, favourable foreign exchange rates, and the positive impact of cost-saving and value-creation initiatives, which helped mitigate continued high fibre costs.' Looking ahead, Stora Enso expects its adjusted EBIT for the entirety of FY25 to be adversely affected by around €100m due to the ramping up of its new packaging board line in Oulu, Finland, with a significant portion of this impact anticipated in Q2. For FY25, the group has projected its capital expenditures to be between €730m and €790m. In Q2 FY25, it also anticipates maintenance costs to surpass the first quarter by roughly €20m. Within its Packaging Materials division, Stora Enso predicts a stable containerboard market with ongoing price increments from Q1 to Q2. The demand for consumer board is expected to be seasonally stronger, and output from the company's new consumer packaging board line is set to gradually boost delivery volumes. The Packaging Solutions division, meanwhile, is anticipating heightened demand in Western Europe, driven by the seasonal fruit and vegetable market. Last week, Stora Enso announced plans to reorganise its structure into seven profit and loss accountable business areas, emphasising the significance of its renewable packaging operations. "Stora Enso reports 9.1% sales increase in Q1 FY25" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
25-04-2025
- Business
- Yahoo
Stora Enso to implement restructure with seven business areas
Finnish packaging company Stora Enso is set to reorganise its structure into seven profit and loss (P&L) accountable business areas, emphasising the significance of its renewable packaging operations. This restructuring aims to enhance customer engagement, operational efficiency by increasing integration and simplifying processes. The new structure will see Stora Enso's renewable packaging segment divided into four P&L responsible areas, namely food service and liquid board, cartonboard, containerboard, and packaging solutions. Generating around 60% of Stora Enso's annual revenue, these sectors will support clients in minimising their ecological footprint while capitalising on sustainability trends, leveraging leading market positions, and fostering innovation. Each business unit will provide a range of renewable, fibre-based packaging solutions, including cartons, boxes, trays, cups, and bags, to various industries. The remaining 40% of Stora Enso's projected annual revenue will be managed by three other P&L accountable divisions: biomaterials, wood products, and forest. Besides their respective businesses, they will contribute to Stora Enso's renewable packaging by supplying essential raw materials through sustainable wood sourcing. Under the new organisation structure, Nordic sawmills and building solutions sites will be operationally linked to the geographically nearest board or pulp production facility to improve operational and supply chain synergies. However, Central European counterparts will stay under the Wood Products division and maintain the company's global sales and customer service network. The planned organisational changes include removing a layer of management and further decentralising P&L responsibility to align more closely with customer needs and operational activities. Consequently, Stora Enso will have seven P&L accountable business areas encompassing a total of 21 P&L units. Stora Enso president and CEO Hans Sohlström said: "Our planned new organisation has been carefully structured to maximise customer and business focus, operational efficiency and synergies, ensure the benefits of supply chain integration, and ultimately reflect our performance and results-oriented culture.' The company appointed Markku Luoto to lead the Food Service and Liquid Board, Andreas Birmoser for Cartonboard, and Hannu Kasurinen for Containerboard. Luoto and Birmoser are set to join the group leadership team as executive vice presidents on 1 July 2025. Other divisions such as packaging solutions, biomaterials, wood products, and forest will retain their current leadership with Carolyn Wagner, Johanna Hagelberg, Lars Völkel, and Tuomas Hallenberg at the helm, respectively. The implementation of the new structure is scheduled for 1 July 2025. This transition is contingent upon co-determination negotiations and compliance with legal requirements in all affected countries. Last month, Stora Enso began the production ramp-up of its new consumer packaging board line at the Oulu site in Finland. "Stora Enso to implement restructure with seven business areas" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
