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Market NASDAQ Helsinki
Symbol STERV, STEAV
List Large Cap
Industry Basic Resources

Company presentation

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Part of the global bioeconomy, Stora Enso is a leading provider of renewable products in packaging, biomaterials, and wooden construction, and one of the largest private forest owners in the world. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. This forms the core of our strategy and is the foundation of our innovation growth agenda. Stora Enso’s growth strategy is to focus on leading positions and accelerated growth in three focus areas: Packaging, Building Solutions and Biomaterials Innovations.

The Group has approximately 20,000 employees and our sales in 2023 were EUR 9.4 billion, with an operational EBIT of EUR 342 million. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in the USA on OTC Markets (OTCQX) as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF).

Share development

 

*) Stora Enso shares listed in Stockholm are nominee registered in Euroclear Finland, and therefore
the market cap is already reflected in the market cap in Helsinki.

Key figures

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Key figures 2021 2022 2023
Sales, EUR million 10,164 11,680 9,396
Operational EBIT*, EUR million 1,528 1,891 342
Profit/Loss before tax, EUR million 1,419 1,858 -495
Net Profit/Loss for the year, EUR million 1,268 1,536 -431
Operational ROCE excl. Forest, % 17.7 20.4 1.0
Debt/equity ratio 0.22 0.15 0.29
Dividend per share, EUR 0.55 0.60 0.1**
Payout ratio, %*** 46.3 38.6 -13.7
Capital expenditure, EUR million 666 778 1,125
Earnings per share (EPS), EUR excluding FV*** 1.19 1.55 -0.73
Average number of employees (FTE) 22,369 21,790 20,822

* Operational EBIT = Operating profit/loss excluding items affecting comparability (IAC).
Items affecting comparability are exceptional transactions that are not related to recurring business operations. IACs may include capital gains and losses, impairments, disposal gains and losses,
provisions for planned restructurings, environmental provisions, changes in depreciation due to restructuring and penalties.

** The Board of Directors proposes to the AGM that a dividend of EUR 0.10 per share is to be distributed for 2023. In addition, the Board of Directors proposes that the AGM would authorise the Board of Directors to decide at its discretion on the payment of an additional dividend up to a maximum of EUR 0.20 per share.

***Excluding fair valuations

  • Sales (MEUR) 2019–2023

    Title Sales MEUR
    2019 10055
    2020 8553
    2021 10164
    2022 11680
    2023 9396

  • Operational EBIT 2019–2023

    Label Value
    2019 953
    2020 650
    2021 1528
    2022 1891
    2023 342

  • Net debt/last 12 months’ operational EBITDA 2019–2023

    Label Value
    2019 2.1
    2020 2.3
    2021 1.1
    2022 0.7
    2023 3.2

  • Ownership distribution 31 December 2023

    Label Value
    Solidium Oy* 10.7
    FAM AB** 10.2
    Social Insurance Institution of Finland (KELA) 3.0
    Finnish institutions (excl. Solidium and KELA) 11
    Swedish institutions (excl. FAM) 1.1
    Finnish private shareholders 3.9
    Swedish private shareholders 3.0
    ADR holders 1.6
    Under nominee names (non-Finnish/non-Swedish shareholders) 55.4

    * Entirely owned by the Finnish state.
    ** As confirmed to Stora Enso.

  • Sales by segment (external) 2023

    Label Value
    Packaging Materials 46
    Packaging Solutions 11
    Biomaterials 15
    Wood Products 15
    Forest 11
    Other 2

Financial calendar

20 Mar
25 Apr
24 Jul
24 Oct

For full list of events, please visit Stora Enso Investor calendar

IR contacts

Anna-Lena Åström
SVP, Head of investor relations
Tel: +46 70 210 76 91
E-mail: [email protected]

Stora Enso Oyj

Stora Enso Oyj
Salmisaarenaukio 2
P.O.Box 309 FI-00101 Helsinki
Phone: +358 2046 111

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