Key Developments: Stora Enso Oyj (STEAV.HE)

STEAV.HE on Helsinki Stock Exchange

1 Jul 2015
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Latest Key Developments (Source: Significant Developments)

Stora Enso Oyj to close its packaging unit in Chennai, India
Monday, 22 Jun 2015 02:04am EDT 

Stora Enso Oyj:Says plans to permanently shut down the Group's corrugated packaging converting unit in Chennai, India, due to unprofitability and a major decrease in local market demand.Says the mill closure will involve negotiations with the local employees' union.Says the mill employs 350 people, who will receive compensation and other support including training, medical care and assistance in finding new employment.  Full Article

Stora Enso sets new financial targets for Group and divisions
Thursday, 28 May 2015 07:00am EDT 

Stora Enso Oyj:Says sets new financial targets for the group and divisions.Says targets are defined to be ambitious but reachable within a five year planning horizon.Says plans to pay dividend 50 pct of net income over cycle.Says targets ROCE >13 pct, net debt/operational EBITDA <3.0x, fixed costs/sales ratio <20 pct, debt/equity ratio <80pct.Says targets Consumer Board ROOC >20 percent, Packaging Solutions ROOC >20 percent, Biomaterials ROOC >15 percent, Wood Products ROOC >18 percent, Paper - free cash flow to sales >7 percent.  Full Article

Stora Enso, NXP to develop smart packaging
Wednesday, 27 May 2015 08:00pm EDT 

Stora Enso Oyj:Stora Enso and NXP to develop intelligent packaging solutions.Says the development will focus on integrating RFID (Radio frequency identification) into packages for consumer engagement and supply chain purposes.Says the collaboration will also focus on brand protection and the development of tamper evidence applications.  Full Article

Stora Enso says Uruguay arbitration case settled
Monday, 27 Apr 2015 08:00pm EDT 

Stora Enso Oyj:Says arbitration case in Montes del Plata settled.Says settlement agreement results in a USD 44 million cash payment to be made by Montes del Plata of which Stora Enso's share is 50%.  Full Article

Stora Enso Oyj announces early redemption of 2016 bond
Friday, 24 Apr 2015 02:00am EDT 

Stora Enso Oyj:Announces early redemption of entire $389 million 2016 bond.Says reason is to manage cash efficiently and proactively.Bond will be redeemed on May 26, 2015.  Full Article

Stora Enso Oyj declares dividend
Wednesday, 22 Apr 2015 11:32am EDT 

Stora Enso Oyj:Declared a dividend of 0.30 Euros per share for fiscal 2014.The dividend shall be paid to shareholders on May 13, with a record date of April 24.  Full Article

Stora Enso Oyj plans cuts in Building Solutions
Thursday, 26 Mar 2015 06:00am EDT 

Stora Enso Oyj:Says plans to rationalise operational model in Building Solutions Finland and starts co-determination negotiations with all employees within this unit.Says co-determination negotiations will include a possible reduction in personnel by about 50 people and a possible closure of Palkane production unit.Says will redefine the unit's business model with a plan to focus production into one line.  Full Article

Stora Enso Oyj completes divestment of Uetersen Mill
Wednesday, 18 Feb 2015 02:00am EST 

Stora Enso Oyj:Says it has completed the divestment announced on Dec. 13, 2014 of its Uetersen specialty and coated fine paper mill in Germany to a company mainly owned by the private equity fund Perusa Partners Fund 2.The loss on disposal amounted to about 30 mln Euros and was recorded as a non-recurring item in the company's Q4 2014 operating profit.  Full Article

Stora Enso proposes FY 2014 dividend of EUR0.30/share
Wednesday, 4 Feb 2015 06:00am EST 

Stora Enso Oyj:Says dividend proposal stable.Proposes to distribute 0.30 euro per share for FY 2014.  Full Article

Stora Enso Oyj gives Q1 2015 outlook
Wednesday, 4 Feb 2015 06:00am EST 

Stora Enso Oyj:Expects Q1 2015 sales to be roughly similar to the amount of 2,552 mln Euros in Q4 2014.Expects Q1 2015 operational EBIT to be in line with the amount of 209 mln Euros recorded in Q4 2014.  Full Article

BRIEF-Stora Enso, NXP to develop smart packaging

* Stora Enso and NXP to develop intelligent packaging solutions

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