Stora Enso OYJ (ADR) (PK:SEOAY)
Business Focus: Paper Packaging
| Sector: Basic Materials | Industry: Paper Packaging |
| Company Contact | |
| Address: | Salmisaarenaukio 2 HELSINKI 00180 |
| Tel: | 46-210-7691 |
| Website: | https://www.storaenso.com |
| IR: | See website |
| Key People | ||
| Hans Sohlstom President, Chief Executive Officer, Member of the Group Leadership Team | Ad Smit Executive Vice President - Packaging Solutions Division, Member of the Group Leadership Team | Seppo Parvi Deputy Chief Executive Officer, Chief Financial Officer, Country Manager Finland, Member of the Group Leadership Team |
| Hakan Buskhe Vice Chairman of the Board | Micaela Thorstrom Executive Vice President - Legal, General Counsel, Member of Group Leadership Team | Katariina Kravi Executive Vice President - People and Communication, Member of the Group Leadership Team |
| Tobias Baarnman Executive Vice President - Strategy and Sustainability, Members of the Group Leadership Team | Johanna Hagelberg Executive Vice President - Biomaterials Division, Member of the Group Leadership Team | Hannu Kasurinen Executive Vice President - Packaging Materials Division, Member of the Group Leadership Team | Per Lyrvall Executive Vice President - Forest Division, Member of the Group Leadership Team, Country Manager, Sweden |
| Business Overview |
| Stora Enso Oyj is a Finland-based provider of renewable solutions in packaging, biomaterials, wooden construction and paper industries. The Company has six divisions: the Packaging Materials division provides renewable packaging materials based on both virgin and recycled fiber, the Packaging Solutions division develops and sells premium fiber-based packaging products and services; the Biomaterials division offers a variety of pulp grades to the paper, board, tissue, textile and hygiene product producers; the Wood Products division is a sawn wood producer and a provider of wood-based solutions to the construction industry; the Forest division manages Stora Enso's forest assets in Sweden and is responsible for wood sourcing for Stora Enso's Nordic, Baltic and Russian operations and the Paper division, that provides paper products made from recycled and virgin fiber. Stora Enso Oyj operates worldwide. |
| Financial Overview |
| For the three months ended 31 March 2024, Stora Enso OYJ (ADR) revenues decreased 20% to EUR2.16B. Net income decreased 55% to EUR85M. Revenues reflect Packaging Materials segment decrease of 82% to EUR221M, Biomaterials segment decrease of 30% to EUR298M, Wood Products segment decrease of 24% to EUR315M. Net income also reflects Other segment loss totaling EUR4M vs. income of EUR104M, Biomaterials segment income decrease of 36% to EUR58M. |
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