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Stora Enso Oyj (STEAV.HE)

STEAV.HE on Helsinki Stock Exchange

29 Jun 2017
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€0.07 (+0.59%)
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Latest Key Developments (Source: Significant Developments)

Solidium increases its voting rights in Stora Enso
Wednesday, 28 Jun 2017 03:00am EDT 


Stora Enso shuts down paper machine at Kvarnsveden mill in Sweden
Thursday, 22 Jun 2017 03:05am EDT 

June 22 (Reuters) - Stora Enso Oyj :Says has shut down paper machine 8 (PM8) at Kvarnsveden Mill in Sweden due to structural weakening of magazine paper demand in Europe.Says machine had an annual capacity of 100 000 tonnes of super-calendered uncoated magazine paper.Says number of people affected by the reorganization of the mill and shutdown will be determined during Q3 2017.Says closure will not impact Stora Enso's SC paper offering.  Full Article

Stora Enso says pulp unit head Bueno to leave the company
Wednesday, 3 May 2017 02:00am EDT 

May 3 (Reuters) - Stora Enso Oyj :says has appointed Markus Mannstrom, currently CTO, as Executive Vice President for the pulp division as of 1 June.Mannstrom will replace Juan Carlos Bueno, who has led the division since its creation in 2012, and who will now leave Stora Enso to find new challenges outside the company .  Full Article

Paper maker Stora Enso Q1 profit slightly above market expectations
Thursday, 27 Apr 2017 06:00am EDT 

April 27 (Reuters) - Stora Enso Oyj :Q1 adjusted EBIT 215 million euros versus 203 million in a Reuters poll nL8N1HU0BS.Q1 sales 2.50 billion euros ($2.72 billion) versus 2.40 million in Reuters poll .Says ramp-up of Beihai mill in China is proceeding ahead of plan, and first commercial volumes of liquid packaging board and coated unbleached kraftboard were delivered to customers.Says Q2 sales are estimated to be similar to, or slightly higher than in Q1, and operational EBIT is expected to be in line with Q1.Says Q2 operational EBIT estimate includes the negative impact of the Beihai ramp-up, as well as annual maintenance shutdowns .shares fall 3.3 percent by 1013 GMT.  Full Article

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

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UPDATE 1-Finland's Solidium raises voting stake in Stora Enso

* Finnish state-owned investment fund Solidium says it has increased its voting rights in paper maker Stora Enso.