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Stora Enso Oyj (SEOAY.PK)

SEOAY.PK on OTC Markets Group

24 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Stora Enso says restructuring costs cut Q1 profit
Thursday, 13 Apr 2017 02:12am EDT 

Stora Enso Oyj : says will record items affecting comparability with a negative net impact of approximately EUR 27 million on operating profit in Q1 2017 . says a cost of EUR 17 million is due to the restructuring charges related to the planned closure of a Swedish paper machine Further company coverage: [STERV.HE] (Helsinki Newsroom) ((news@reuters.fi; +358 9 6805 0244)).  Full Article

Stora Enso plans paper capacity cuts in Sweden
Thursday, 16 Feb 2017 03:00am EST 

Stora Enso Oyj : says plans to shut down one SC paper machine at Kvarnsveden mill in Sweden due to declining market demand . Says planned actions would affect a maximum of 140 employees, annual cost savings seen at 12 million euros . Stora Enso will book restructuring charges of approximately 17 million euros in Q1 results . "We plan to reorganise Kvarnsveden Mill to ensure its competitiveness in the structurally declining paper market," says Kati ter Horst, head of Stora's paper division .Production at Kvarnsveden Mill would continue on two lines.  Full Article

Stora Enso proposes dividend of 0.37 euros
Friday, 3 Feb 2017 06:13am EST 

Stora Enso Oyj :Says proposes annual dividend of 0.37 euros ($0.3974) per share, versus 0.35 euros in Reuters poll.  Full Article

Finland's Stora Enso misses market expectations in Q4
Friday, 3 Feb 2017 06:00am EST 

Stora Enso Oyj : Says Q4 adjusted EBIT 191 million euros ($205 million), below 213 million seen in Reuters poll . Says Q4 sales 2.44 billion euros, versus 2.44 billion in seen Reuters poll . Says Q1 operational EBIT is expected to be in line with 191 million euros recorded in Q4 2016 . Says Q1 sales are estimated to be similar to amount of 2,44 billion euros . Says Beihai mill ramp-up is proceeding ahead of plan relating to both quality and production volumes, expected to reach full production within 18-24 months from start-up which was in May 2016 . Says will start a profit improvement programme targeting to decrease annual costs by 50 million euros with full annualised impact in 2018 .Shares fall 9.1 percent.  Full Article

Stora Enso IAC to have EUR 34 million negative impact on operating profit
Thursday, 19 Jan 2017 02:00am EST 

Stora Enso Oyj : Says items affecting comparability (IAC) in Q4 2016 had a 34 million euro ($36.18 million) negative net impact on operating profit . Says IAC will increase taxes by approximately 11 million euros in the fourth quarter . Says annual changes in fair valuations of biological assets in Guangxi, Tornator and Bergvik skog had a positive net impact of 30 million euros .Says net increase in fair values of the items will be recorded in the group's operating profit, increases do not impact operational EBIT.  Full Article

Stora Enso invests 9.1 mln euros in microfibrillated cellulose product development
Wednesday, 11 Jan 2017 04:00am EST 

Stora Enso Oyj : Stora Enso invests in the further commercialisation of microfibrillated cellulose in paperboard packaging . Says is investing a total of 9.1 million euros into its consumer board mills in Imatra and Ingerois, Finland, and Fors, Sweden, to continue commercialisation of microfibrillated cellulose (MFC) and to accelerate product development .says new MFC applications will include barrier layers for grease and oxygen and biodegradable film as replacement for aluminum in paperboard packaging.  Full Article

Stora Enso invests 12 mln euros in biocomposite granule line in Sweden
Wednesday, 11 Jan 2017 04:00am EST 

Stora Enso Oyj : invests in biocomposite granules in Hylte, Sweden .says is investing 12 million euros to build a new production line that will manufacture biocomposite granules at Hylte mill.  Full Article

Stora Enso expects Beihai mill to break even in Q1 of 2018
Thursday, 17 Nov 2016 07:50am EST 

Stora Enso Oyj : Says expects consumer board mill in Beihai, China, to reach EBITDA break-even in Q1 of 2018 . Says expects kraftliner mill in Varkaus, Finland, to reach EBIT break-even in Q2 of 2017 .Says in 2017 estimated capital expenditure will be 600-650 million euros ($1.34 billion), including eur 100 million for biological assets.  Full Article

Stora Enso: changes in forest asset values
Monday, 14 Nov 2016 06:59am EST 

Stora Enso Oyj : Says Tornator Oyj in Finland and Bergvik Skog Ab in Sweden increase IFRS fair value of their biological assets, i.e. growing trees . Says Stora's shares of increases are approximately EUR 87 million for Tornator and approximately SEK 490 million (EUR 50 million) for Bergvik Skog, totalling EUR 137 million . Says impact on Stora Enso's IFRS operating profit in Q4 of 2016 will be approximately EUR 27 million negative, subject to year-end exchange rates; no impact on operational EBIT . Says Stora's share is expected to be approximately EUR 515 million in Tornator and SEK 22 516 million (EUR 2 282 million) in Bergvik Skog. . Stora owns 41 pct of shares in Tornator and a stake of 49 percent in Bergvik Further company coverage: [STERV.HE] (Helsinki Newsroom) ((news@reuters.fi; +358 9 6805 0244)).  Full Article

Stora Enso completes paper mill divestment
Thursday, 1 Sep 2016 08:06am EDT 

Stora Enso Oyj : says has completed the divestment of its Kabel coated mechanical paper mill in Germany, to Kabel Premium Pulp & Paper GmbH . total cash consideration for divestment is approximately EUR 25 million, subject to final closing adjustments . The loss on disposal amounts in total EUR 15 million, effect on operating profit approximately EUR 5 millionFurther company coverage: [STERV.HE] (Helsinki Newsroom) ((news@reuters.fi; +358 9 6805 0244;)).  Full Article

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