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Stora Enso OYJ

STERV.HE

Latest Trade

12.56EUR

Change

-0.52(-3.94%)

Volume

2,336,010

Today's Range

12.54

 - 

12.98

52 Week Range

7.25

 - 

14.78

As of on the Helsinki Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Stora Enso Q3 Operational EBIT At EUR 175 Mln

Oct 20 (Reuters) - Stora Enso Oyj <STERV.HE>::STORA ENSO OYJ INTERIM REPORT JANUARY-SEPTEMBER 2020.Q3 SALES DECREASED BY 13.5% TO EUR 2 079 (2 402) MILLION, DUE TO LOWER DELIVERIES AND PRICES.Q3 OPERATIONAL EBIT DECREASED TO EUR 175 (245) MILLION. IMPACT OF LOWER SALES WAS PARTLY OFFSET BY CONTINUED COST MANAGEMENT..REFINITIV POLL: STORA ENSO Q3 REVENUE SEEN AT SEK 2,121 MILLION, ADJ. EBIT AT SEK 142.21 MILLION.Q3 OPERATING PROFIT (IFRS) WAS EUR 145 (170) MILLION..Q3 OPERATIONAL EBIT MARGIN WAS 8.4% (10.2%)..OUTLOOK 2020: CO HAS DISCONTINUED ITS QUARTERLY GUIDANCE AND ANNUAL OUTLOOK UNTIL FURTHER NOTICE, DUE TO UNCERTAINTY IN GLOBAL ECONOMY.MARKET ALSO REMAINS CHALLENGING FOR BIOMATERIALS, WITH LOW PRICING.ON A POSITIVE NOTE, EXCLUDING PAPER, OUR OPERATIONAL EBIT MARGIN INCREASED TO 11.8%, A SIGN OF RESILIENCE OF OUR GROWTH BUSINESSES AND GOOD COST MANAGEMENT.PANDEMIC'S BIGGEST EFFECT CONTINUES TO BE ON OUR PAPER BUSINESS.PRELIMINARY ESTIMATIONS INDICATE THAT VALUE OF OUR FOREST ASSETS IS EXPECTED TO BE BETWEEN EUR 6.5 BILLION AND EUR 7.0 BILLION, COMPARED WITH END OF Q3/2020 BOOK VALUE OF EUR 5.4 BILLION.IN SHORT-TERM OUTLOOK, WE CAN SEE PANDEMIC INCREASING AND ONCE AGAIN CREATING UNCERTAINTY IN PACE AND STRENGTH OF GLOBAL FINANCIAL RECOVERY.WE HAVE ALSO IDENTIFIED ADDITIONAL SAVINGS OPPORTUNITIES AND WILL INCREASE SAVING TARGET FURTHER TO EUR 400 MILLION..DURING Q4/2020 THERE WILL BE ANNUAL MAINTENANCE SHUTDOWNS AT SEVEN MILLS.

Stora Enso Q3 Operational EBIT At EUR 175 Mln

Oct 20 (Reuters) - Stora Enso Oyj <STERV.HE>::STORA ENSO OYJ INTERIM REPORT JANUARY-SEPTEMBER 2020.Q3 SALES DECREASED BY 13.5% TO EUR 2 079 (2 402) MILLION, DUE TO LOWER DELIVERIES AND PRICES.Q3 OPERATIONAL EBIT DECREASED TO EUR 175 (245) MILLION. IMPACT OF LOWER SALES WAS PARTLY OFFSET BY CONTINUED COST MANAGEMENT..REFINITIV POLL: STORA ENSO Q3 REVENUE SEEN AT EUR 2,121 MILLION, ADJ. EBIT AT EUR 142.21 MILLION.Q3 OPERATING PROFIT (IFRS) WAS EUR 145 (170) MILLION..Q3 OPERATIONAL EBIT MARGIN WAS 8.4% (10.2%)..OUTLOOK 2020: CO HAS DISCONTINUED ITS QUARTERLY GUIDANCE AND ANNUAL OUTLOOK UNTIL FURTHER NOTICE, DUE TO UNCERTAINTY IN GLOBAL ECONOMY.MARKET ALSO REMAINS CHALLENGING FOR BIOMATERIALS, WITH LOW PRICING.ON A POSITIVE NOTE, EXCLUDING PAPER, OUR OPERATIONAL EBIT MARGIN INCREASED TO 11.8%, A SIGN OF RESILIENCE OF OUR GROWTH BUSINESSES AND GOOD COST MANAGEMENT.PANDEMIC'S BIGGEST EFFECT CONTINUES TO BE ON OUR PAPER BUSINESS.PRELIMINARY ESTIMATIONS INDICATE THAT VALUE OF OUR FOREST ASSETS IS EXPECTED TO BE BETWEEN EUR 6.5 BILLION AND EUR 7.0 BILLION, COMPARED WITH END OF Q3/2020 BOOK VALUE OF EUR 5.4 BILLION.IN SHORT-TERM OUTLOOK, WE CAN SEE PANDEMIC INCREASING AND ONCE AGAIN CREATING UNCERTAINTY IN PACE AND STRENGTH OF GLOBAL FINANCIAL RECOVERY.WE HAVE ALSO IDENTIFIED ADDITIONAL SAVINGS OPPORTUNITIES AND WILL INCREASE SAVING TARGET FURTHER TO EUR 400 MILLION..DURING Q4/2020 THERE WILL BE ANNUAL MAINTENANCE SHUTDOWNS AT SEVEN MILLS.

Stora Enso Changes Its Forest Assets Valuation Method

Oct 20 (Reuters) - Stora Enso Oyj <STERV.HE>::STORA ENSO IS CHANGING ITS FOREST ASSETS VALUATION METHOD.TO START USING A VALUATION METHOD FOR ITS FOREST ASSETS IN NORDICS BASED ON MARKET TRANSACTION DATA AND CHANGE ACCOUNTING POLICY FROM Q4 2020 ONWARDS.PRELIMINARY ESTIMATIONS, BASED ON TRANSACTIONS IN THOSE AREAS IN WHICH STORA ENSO HAS FOREST LAND, INDICATE THAT VALUE OF GROUP'S FOREST ASSETS, INCLUDING LEASED LAND, WILL BE BETWEEN EUR 6.5 BILLION AND EUR 7.0 BILLION, COMPARED WITH END OF Q3/2020.END OF Q3/2020 BOOK VALUE WAS EUR 5.4 BLN.

Stora Enso Completes Co-Determination Negotiations At Hylte Mill In Sweden

Oct 14 (Reuters) - Stora Enso Oyj <STERV.HE>::STORA ENSO COMPLETES CO-DETERMINATION NEGOTIATIONS AT HYLTE MILL IN SWEDEN.MAXIMUM PERSONNEL IMPACT IS 140 PEOPLE.PM3 WILL BE SHUT DOWN BY END OF 2020 AND DIP LATEST IN Q2 2021.NEGOTIATIONS ON ORGANIZATIONAL RESTRUCTURING, INCLUDING RISK ANALYSIS, HAVE STARTED.CLOSURE OF HYLTE MILL PM3 WILL NOT IMPACT STORA ENSO'S NEWSPRINT PRODUCT OFFERING.

Stora Enso Plans To Shut Down One Standard Newsprint Paper Machine In Sweden

Sept 16 (Reuters) - Stora Enso Oyj <STERV.HE>::STORA ENSO PLANS TO SHUT DOWN ONE STANDARD NEWSPRINT PAPER MACHINE IN SWEDEN.STORA ENSO OYJ - WILL START CODETERMINATION NEGOTIATIONS WITH EMPLOYEES AT ITS HYLTE MILL IN SWEDEN REGARDING A PLAN TO REORGANISE MILL.STORA ENSO OYJ - REORGANIZATION OF MILL INCLUDES PERMANENT CLOSURE OF PAPER MACHINE PM3 AND DEINKING PLANT (DIP.STORA ENSO OYJ - PLANNED CLOSURE OF PM3 AND REORGANISATION OF MILL WOULD IMPACT A MAXIMUM OF 140 PERSONS.STORA ENSO OYJ - PM3 IS PLANNED TO BE CLOSED BY END OF 2020 AND DIP LATEST IN Q2 2021.STORA ENSO OYJ - PLAN WOULD RESULT IN ANNUAL COST SAVINGS OF EUR 14 MILLION.STORA ENSO OYJ - WILL BOOK RESTRUCTURING COSTS OF APPROXIMATELY EUR 12 MILLION AS AN ITEM AFFECTING COMPARABILITY (IAC) IN ITS Q3 2020 RESULTS.STORA ENSO OYJ - PLANNED CLOSURE WOULD NOT HAVE MATERIAL IMPACT ON STORA ENSO'S SALES OR OPERATIONAL EBIT.STORA ENSO OYJ - CLOSURE OF HYLTE MILL PM3 WOULD NOT IMPACT STORA ENSO'S NEWSPRINT PRODUCT OFFERING.STORA ENSO OYJ - AFTER PLANNED RESTRUCTURING, MILL WOULD RUN ON 100% THERMOMECHANICAL PULP (TMP).

Stora Enso Invests About EUR 10 Mln In Forshaga

Sept 15 (Reuters) - Stora Enso Oyj <STERV.HE>::INVESTS ABOUT EUR 10 MILLION IN FORSHAGA.NEW TECHNOLOGY EXPECTED TO BE IN USE IN Q2 2021.

Stora Enso Invests In CLT Production In Czech Republic

Sept 7 (Reuters) - Stora Enso Oyj <STERV.HE>::STORA ENSO INVESTS IN CROSS LAMINATED TIMBER (CLT) PRODUCTION IN CZECH REPUBLIC.PRODUCTION IS SCHEDULED TO BEGIN DURING Q3 OF 2022.TO INVEST APPROXIMATELY EUR 79 MILLION IN A NEW PRODUCTION LINE FOR CROSS LAMINATED TIMBER (CLT) AT ITS ŽDÍREC SAWMILL IN CZECH REPUBLIC.ESTIMATED ANNUAL PRODUCTION CAPACITY WILL BE APPROXIMATELY 120 000 M³ AFTER RAMP-UP.INVESTMENT IS EXPECTED TO GENERATE ANNUAL SALES OF APPROXIMATELY EUR 70 MILLION WHEN RUN AT FULL CAPACITY.CONSTRUCTION IS EXPECTED TO START DURING Q1 OF 2021.INVESTMENT IS ESTIMATED TO INCREASE NUMBER OF EMPLOYEES AT MILL BY APPROXIMATELY 110 FTES.

Stora Enso Q2 Net Profit At EUR 144 Mln

July 21 (Reuters) - Stora Enso Oyj <STERV.HE>::STORA ENSO OYJ HALF-YEAR REPORT JANUARY-JUNE 2020.AT END OF Q2/2020, CASH AND CASH EQUIVALENTS WERE AT EUR 1 062 MILLION..HAS UNDRAWN COMMITTED CREDIT FACILITIES OF EUR 1 000 MILLION, ANDPOSSIBILITY TO HAVE EUR 950 MILLION STATUTORY PENSION PREMIUM LOANS IN FINLAND.Q2 SALES EUR 2.11 BILLION (REFINITIV POLL EUR 2.12 BILLION).ANNUAL MILL MAINTENANCE SHUTDOWNS WERE POSTPONED FROM FIRST HALF UNTIL SECOND HALF OF 2020..DURING Q3/2020 THERE WILL BE ANNUAL MAINTENANCE SHUTDOWNS AT SIX MILLS..TOTAL NEGATIVE IMPACT OF MAINTENANCE IS ESTIMATED TO BE EUR 45 MILLION MORE COMPARED TO Q2/2020 AND SIMILAR TO Q3/2019.OPERATIONAL EBIT EXCLUDING PAPER WAS EUR 216 MILLION, MUCH STRONGER THAN DURING Q1 (EUR 159 MILLION).STRONG PERFORMANCES IN PACKAGING MATERIALS AND FOREST DIVISIONS,.WOOD PRODUCTS DIVISION DELIVERING A BETTER RESULT THAN EXPECTED..PANDEMIC'S BIGGEST EFFECT ON OUR BUSINESS HAS BEEN IN PAPER DIVISION, ACCELERATING STRUCTURAL DECLINE IN ALL PAPER GRADES.EXCLUDING PAPER, OUR OPERATIONAL EBIT MARGIN STAYED AT 13%,.OULU MILL CONVERSION TO KRAFTLINER PRODUCTION WILL START IN Q4 THIS YEAR..MARKET REMAINS CHALLENGING FOR BIOMATERIALS WITH LOW PRICES AND A DECLINE IN GRAPHICAL PAPER END USES..Q2 NET PROFIT EUR 144 MILLION (REFINITIV POLL EUR 83.0 MILLION).RESULTS ARE SIGNIFICANTLY LOWER, DRIVEN BY A DECLINE IN DELIVERIES AND SALES, MAINLY IN PAPER AND BIOMATERIALS.MARKET OUTLOOK FOR OUR OTHER BUSINESSES WILL CONTINUE TO BE MIXED.

Stora Enso Issues New SEK 1,700 Million Green Bond

April 23 (Reuters) - Stora Enso Oyj <STERV.HE>::STORA ENSO ISSUES A NEW SEK 1 700 MILLION GREEN BOND.STORA ENSO ISSUES A NEW SEK 1 700 MILLION GREEN BOND.THERE ARE NO FINANCIAL COVENANTS FOR BONDS.BONDS WILL BE LISTED ON LUXEMBOURG STOCK EXCHANGE..

Stora Enso Proposes Dividend Of EUR 0.15 Per Share For 2019

April 21 (Reuters) - Stora Enso Oyj <STERV.HE>::STORA ENSO'S NEW DIVIDEND PROPOSAL AND ANNUAL GENERAL MEETING DATE.PROPOSES THAT A DIVIDEND OF EUR 0.15 PER SHARE BE DISTRIBUTED FOR YEAR 2019.DIVIDEND IS PLANNED TO BE PAID ON OR ABOUT 15 JUNE 2020.IT IS PROPOSED THAT AGM WOULD AUTHORISE BOARD TO DECIDE ON PAYMENT OF DIVIDEND UP TO A MAXIMUM OF EUR 0.35 PER SHARE AT LATER STAGE.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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