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Stora Enso Q3 Sales Rise To EUR 2.6 Bln
Stora Enso Signs Agreement With Paperiliitto For Over Two Years
Stora Enso Completes The Union Negotiations In Kvarnsveden
Stora Enso Oyj is a provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. The Company's segments include Consumer Board, Packaging Solutions, Biomaterials, Wood Products, Paper and Other. The Consumer Board segment develops and provides consumer packaging boards for printing and packaging applications. The Packaging Solutions segment develops fiber-based packaging, and operates at every stage of the value chain from pulp production, material and packaging production to recycling. The Biomaterials segment offers pulp grades for paper, board, tissue, textile and hygiene product producers. The Wood Products segment provides wood-based solutions for building and housing. The Paper segment provides paper solutions for print media and office use. The Other segment includes the Nordic forest equity accounted investments. It serves publishers, retailers, printing houses, merchants, converters and joinery, and construction companies.
Paper & Paper Products
P.O. Box 309
Independent Chairman of the Board
President, Chief Executive Officer, Member of the Group Leadership Team
Deputy Chief Executive Officer, Chief Financial Officer, Country Manager Finland, Member of the Group Leadership Team
Independent Vice Chairman of the Board
Executive Vice President - Legal, General Counsel, Country Manager Sweden, Member of the Group Leadership Team
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Finnish forestry firm Stora Enso on Wednesday reported stronger than expected second-quarter core earnings and revenue as higher prices helped to drive strong profit growth in pulp, packaging and wood products.
Finnish forestry firm Stora Enso posted on Wednesday a bigger-than-expected rise in its second-quarter operating profit and said its full-year core result for 2021 remains on track to exceed last year's earnings.
(Corrects description of material used in bottle lining in 5th paragraph)
Finnish forestry firm Stora Enso posted a bigger-than-expected jump in first quarter operating profit on Friday but said its paper division fell to a loss as sales dropped 28% from last year.
Finnish forestry company Stora Enso will permanently close two paper mills, it said on Tuesday, putting around 1,100 jobs at risk as the COVID-19 pandemic accelerates a shift from printed materials to digital devices.
Finnish forestry company Stora Enso on Tuesday said it will permanently close two paper mills citing decreasing demand for paper in Europe.
A venture part-owned by Finnish forestry group Stora Enso, Sweden's H&M and IKEA said on Tuesday it was set to build a demonstration plant in Sweden for a new, more sustainable wood-based textile fibre after years of research.
Quarterly profits at Finnish forestry products maker UPM fell less than expected as a surge in demand for labels for online shopping and packaged goods partly offset the hit from coronavirus lockdowns in other areas, such as office paper.
Finnish forestry firm Stora Enso Oyj reported a better-than-expected underlying profit in April to June on Tuesday and said tight cost control helped it mitigate some of the impact of the coronavirus crisis.
Stora Enso Oyj Chief Executive Annica Bresky told analyst call after Q1 report:
Finnish forestry firm Stora Enso <STERV.HE> reported a 46% drop in first-quarter profit as business closures to tackle the coronavirus pandemic hit demand for office paper and struggling publishers stopped producing free daily newspapers.
Finland's Stora Enso said its biodegradable drinking straws aimed at tackling the world's plastic waste were now on sale to European customers, while its developer, Sulapac, had raised funds to expand production.
A Swedish district court on Monday acquitted Finnish paper firm Stora Enso of responsibility for causing Sweden's largest wildfire in 40 years, instead fining a subcontractor.
* Raises savings target to 275 mln eur from 200 mln (Adds industry outlook, comment)
Finland's Stora Enso Oyj, one of the largest paper and board makers in the world, said on Wednesday its capital expenditure will increase to 800-850 million euros ($884-939 million) in 2020 as it revamps its operations.
Finnish paper firm Stora Enso <STERV.HE> reported a bigger than forecast fall in quarterly profits on Friday and said it expected demand to deteriorate due to global trade tensions and Britain potentially crashing out of the European Union.
Finland's Stora Enso will invest 350 million euros ($391 million) at its Oulu mill to boost output of kraftliner board used in packaging and reduce glossy magazine paper production, the company said on Tuesday.
Finnish paper firm Stora Enso reported higher-than-expected first quarter profit on Thursday helped by its pulp division.
Stora Enso reported weaker-than-expected fourth quarter profit on Friday as rising costs outweighed gains from higher prices, knocking the Finnish paper maker's shares.
Finland's Stora Enso, one of the world's largest pulp and paper makers, said on Tuesday it had joined forces with local startup Sulapac to develop renewable and biodegradable straws to combat the global plastic waste problem.
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