Stora Enso Oyj
OMXH:STERV
Stora Enso Oyj
Stora Enso Oyj, nestled in the heart of Helsinki, is one of the world’s leading forces in the transformation of paper and packaging sectors. With roots stretching back multiple centuries, it has weathered the storms of industrial evolution to emerge as a sustainability-fronting juggernaut. The company operates through divisions such as Packaging Solutions, Biomaterials, Wood Products, and Paper. Its diversified operations thrive on converting raw materials, primarily wood and biomass, into renewable, recyclable, and biodegradable solutions. By transforming by-products like lignin and cellulose into composite materials and bio-based chemicals, Stora Enso not only reduces waste but also diversifies its revenue streams into eco-friendly territories.
A clear market player in fostering a circular economy, Stora Enso’s business model integrates forestry operations with robust research and development initiatives. This symbiotic relationship between sustainable forestry and cutting-edge innovation forms the backbone of its operations. The company's adeptness at tailoring products to meet customer needs allows it to capture market share across various sectors including consumer packaging, building solutions, and the industrial sector. Through continuous improvement and customer-centric innovation, Stora Enso ensures a steady inflow of revenue, enhancing shareholder value while contributing to an accountable environmental footprint. Its operations are a testament to successfully marrying industrial heritage with future-facing sustainability efforts, underpinning its global market relevance.
Stora Enso Oyj, nestled in the heart of Helsinki, is one of the world’s leading forces in the transformation of paper and packaging sectors. With roots stretching back multiple centuries, it has weathered the storms of industrial evolution to emerge as a sustainability-fronting juggernaut. The company operates through divisions such as Packaging Solutions, Biomaterials, Wood Products, and Paper. Its diversified operations thrive on converting raw materials, primarily wood and biomass, into renewable, recyclable, and biodegradable solutions. By transforming by-products like lignin and cellulose into composite materials and bio-based chemicals, Stora Enso not only reduces waste but also diversifies its revenue streams into eco-friendly territories.
A clear market player in fostering a circular economy, Stora Enso’s business model integrates forestry operations with robust research and development initiatives. This symbiotic relationship between sustainable forestry and cutting-edge innovation forms the backbone of its operations. The company's adeptness at tailoring products to meet customer needs allows it to capture market share across various sectors including consumer packaging, building solutions, and the industrial sector. Through continuous improvement and customer-centric innovation, Stora Enso ensures a steady inflow of revenue, enhancing shareholder value while contributing to an accountable environmental footprint. Its operations are a testament to successfully marrying industrial heritage with future-facing sustainability efforts, underpinning its global market relevance.
Sales: Stora Enso reported 2025 sales of EUR 9.3 billion, showing resilience despite market headwinds.
EBIT: Full-year EBIT was EUR 528 million, weighed down by a EUR 140 million negative from the Oulu ramp-up.
Oulu Ramp-up: Oulu had a negative impact of EUR 31 million in Q4; it's expected to remain a drag in Q1 2026 (EUR 15–30 million negative EBIT), with full ramp-up targeted for 2027.
Debt Reduction: Net debt to adjusted EBITDA improved to 2.8x, aided by a EUR 900 million Swedish forest land divestment.
Sustainability: Scope 1 and 2 emissions were reduced by 61% from 2019 levels, surpassing the 2030 target.
Dividend: The board will propose a EUR 0.25 per share dividend at the March 2026 AGM.
Strategic Actions: The company is separating its Swedish forest assets, reviewing Central European sawmills, and focusing on value creation actions with EUR 500–700 million profit initiatives in progress.
Guidance & Outlook: Market conditions are expected to stay subdued in 2026, but management remains focused on margin expansion, cost efficiency, and disciplined capex.
