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Stora Enso Oyj (STEAV.HE)

STEAV.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Stora Refinances Its Revolving Credit Facility
9:00am EST 

Dec 12 (Reuters) - Stora Enso Oyj ::STORA ENSO REFINANCES ITS REVOLVING CREDIT FACILITY.SAYS ‍HAS SIGNED A NEW EUR 600 MILLION REVOLVING CREDIT FACILITY AGREEMENT WITH A SYNDICATE OF 13 BANKS TO REFINANCE ITS EXISTING EUR 700 MILLION FACILITY​.SAYS ‍NEW FACILITY MATURES IN JANUARY 2023 AND WILL BE USED AS A BACKUP FOR GENERAL CORPORATE PURPOSES​.  Full Article

Stora Enso intends to buy Bergvik Skog forest assets
Monday, 27 Nov 2017 02:00am EST 

Nov 27 (Reuters) - STORA ENSO OYJ ::STORA ENSO ANNOUNCES INTENT TO ACQUIRE FOREST ASSETS IN CONJUNCTION WITH PLANNED STRUCTURAL CHANGES IN BERGVIK SKOG AB.‍TRANSACTION WOULD RESULT IN A CASH OUT EFFECT OF EUR 250-300 MILLION​.‍STORA ENSO'S CURRENT DEBT WOULD INCREASE BY APPROXIMATELY EUR 800 MILLION​.‍NET DEBT TO EBITDA RATIO WOULD INCREASE BY APPROXIMATELY 0.6.​.‍FINAL AGREEMENTS ARE CURRENTLY UNDER NEGOTIATIONS BETWEEN PARTIES​.‍AIM IS TO INITIATE TRANSACTIONS DURING FIRST HALF OF 2018​.‍CAPITAL EMPLOYED WOULD INCREASE BY ABOUT EUR 1 BILLION, RESULTING IN A DECREASE IN ROCE OF ABOUT 1%-POINT​.  Full Article

Stora Enso divests sheeting centre business in Germany
Wednesday, 22 Nov 2017 08:00am EST 

Nov 22 (Reuters) - Stora Enso Oyj :Says to divest its sheeting centre business in Baienfurt, Germany, to Finnish converting firm Pyroll.Says ‍transaction is expected to be completed during Q1 of 2018​.Says divestment ‍not expected to have any significant effect on net debt or financials.Says sheeting centre employs approximately 60 people and had sales of 15 million euros ($17.61 million) in 2016.  Full Article

Stora Enso says in 2018, estimated capital expenditure to be EUR 550–600 mln
Tuesday, 7 Nov 2017 11:30am EST 

Nov 7 (Reuters) - Stora Enso Oyj - :Stora Enso introduces change in operational ebitda definition, higher strategic target for wood products division and capex for 2018.In 2018, estimated capital expenditure will be EUR 550–600 million, including eur 100 million for biological assets.Forecasted annual depreciation is EUR 490–510 million and operational decrease in value of biological assets EUR 50–70 million in 2018.  Full Article

Stora Enso to book a loss of $9 mln from Puumerkki divestment
Wednesday, 1 Nov 2017 03:01am EDT 

Nov 1 (Reuters) - Stora Enso Oyj :says to divest Puumerkki, a wholesaler of wooden building materials, to Mimir Invest AB.says will book a loss of 8 million euros ($9.3 million) in its operational EBIT in the fourth quarter of 2017.Puumerkki's sales in 2016 were approximately EUR 160 million, and it has approximately 170 employees.  Full Article

Stora Enso to invest $110 in renewable materials
Wednesday, 25 Oct 2017 02:29am EDT 

Oct 25 (Reuters) - Stora Enso Oyj :Says will invest 94 million euros ($110.58 million) to grow in renewable materials and to increase competitiveness in consumer board and biomaterials.Says 52 million euros will be invested to increase dissolving pulp production capacity at Enocell mill and 42 million euros to enhance availability of chemi-thermomechanical pulp at Imatra mills​.  Full Article

Sensodetect presents new strategy, launches new product in 2018
Monday, 25 Sep 2017 04:30am EDT 

Sept 25 (Reuters) - SENSODETECT AB ::SENSODETECT PRESENTS NEW STRATEGY AND LAUNCHES NEW PRODUCT IN 2018.‍FOR COMING 3 YRS CO WILL BE FOCUSED ON LAUNCHING A DIAGNOSTIC AID FOR MENTAL ILLNESS OF: ADHD, SCHIZOPHRENIA AND AUTISM​.‍TARGETS 2020: SEES SALES AT EUR 20-22 MILLION AND EBIT >45 %​.‍TARGETS 2024: SEES SALES AT > EUR 50 MILLION AND EBIT >50 %​.BERA 3.0 WILL BE LAUNCHED END OF SPRING 2018.  Full Article

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

UPDATE 2-Areva's Finland reactor to start in 2019 after another delay

* Finnish power price above Nordic level due to delays (Adds comments, detail)