United States

Stora Enso Oyj (STERV.HE)

STERV.HE on Helsinki Stock Exchange

21 Sep 2017
Change (% chg)

€0.22 (+1.90%)
Prev Close
Day's High
Day's Low
Avg. Vol
52-wk High
52-wk Low

Latest Key Developments (Source: Significant Developments)

Stora Enso to book 19 mln euro loss from Pakistan
Tuesday, 19 Sep 2017 01:54am EDT 

Sept 19 (Reuters) - Stora Enso Oyj :says has completed the divestment of Bulleh Shah Packaging in Pakistan.total cash consideration for divestment of shares is EUR 6 million, loss on disposal amounts in total to approximately EUR 19 million, will be recorded as an item affecting comparability in Q3 results.  Full Article

Stora Enso concludes negotiations on layoffs after Kvarnsveden mill closing
Wednesday, 13 Sep 2017 02:29am EDT 

Sept 13 (Reuters) - Stora Enso Oyj :Says negotiations at Stora Enso's Kvarnsveden paper mill concluded.Says number of people affected by closing will be 122.  Full Article

Stora Enso to divest stake in Bulleh Shah Packaging
Wednesday, 26 Jul 2017 02:30am EDT 

July 26 (Reuters) - Stora Enso Oyj :says has signed an agreement to divest its 35 percent holding in the equity accounted investment Bulleh Shah Packaging Ltd to the main owner Packages Ltd.transaction is expected to be completed in the third quarter of 2017, cash consideration for the divestment is 6 million euros.says loss on disposal amounts in total to approximately 19 million euros, to be recorded in third quarter results ."Due to a changing business environment in Pakistan, the Bulleh Shah Packaging asset with its product mix and related future outlook is a non-strategic fit in our consumer board roadmap," CEO Karl-Henrik Sundstrom says.  Full Article

Stora Enso IAC to have 8 mln negative impact on Q2 operating profit
Friday, 14 Jul 2017 02:00am EDT 

July 14 (Reuters) - Stora Enso Oyj :Says will record an item affecting comparability (IAC) with a negative impact of approximately 8 million euros ($9.13 million) on operating profit in Q2 2017.Says IAC is a provision related to environmental liabilities at Imatra in finland.Says IAC will decrease the taxes for the quarter by approximately EUR 1 million.  Full Article

Stora Enso to divest Swedish paperboard unit
Wednesday, 5 Jul 2017 08:00am EDT 

July 5 (Reuters) - Stora Enso Oyj :Divests the rigid paperboard business re-board in sweden.Stora enso has today signed an agreement to divest business and assets of its swedish subsidiary stora enso re-board ab.Transaction is expected to be closed during q3/2017 and will have no significant impact on stora enso sales and operational ebit.Transaction is subject to negotiations under swedish co-determination act (mbl).Once divestment is completed, employees of stora enso re-board ab will be offered to transfer to new owner..Agreement to divest business and assets of its swedish subsidiary stora enso re-board ab to culas ab, which is partially owned by current managing director of stora enso re-board.  Full Article

Stora Enso invests 45 mln euros in new production unit in Sweden
Tuesday, 4 Jul 2017 02:00am EDT 

July 4 (Reuters) - Stora Enso Oyj :Says has decided to invest 45 million euros ($51.06 million)in a new production unit for cross laminated timber (CLT) in connection with its Gruvon Mill in Sweden.Says production is scheduled to begin during Q1 of 2019.Says estimated yearly capacity of the production line will be approximately 100 000 m³ after ramp-up.Says investment is expected to generate annual sales of approximately 50 million euros when run at full capacity.  Full Article

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


Long-delayed Finnish reactor OL3 on track, fourth unit possible: TVO

EURAJOKI, Finland Finland's long-delayed Olkiluoto 3 nuclear reactor is on track to start production in December 2018 as it nears a comprehensive test phase, the plant's project director said on Thursday.