Contact Products Sustainability Investors MAIN MENU INTERNATIONAL SEARCH Regulatory and investor releases SEARCH CATEGORIES MONTH YEAR CLEAR Stora Enso shares converted During the 1 October 2021 – 31 October 2021 conversion period there were seven conversions and a total of 3,664 A shares were converted into R shares. The shares were recorded in the Finnish trade register today, 15 November 2021, and trading in the new R shares will start on 16 November 2021. Breakdown of shares after conversion: A shares 176 244 459 R shares 612 375 528 Total 788 619 987 Each A share and each ten R shares carry one vote. The total amount of votes after the conversion is at least 237 482 011. For further information, please contact: Hanne Karrinaho Head of Financial Communications tel. +358 40 766 9452 Investor enquiries: Anna-Lena Åström SVP Investor Relations tel. +46 70 210 7691 Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 23 000 employees and our sales in 2020 were EUR 8.6 billion. 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 as ADRs (SEOAY). storaenso.com/investors (http://www.storaenso.com/investors/) STORA ENSO OYJ Nov 15, 2021 Stora Enso appoints René Hansen as EVP, Head of Brand and Communications Stora Enso has appointed René Hansen as EVP, Head of Brand and Communications and a member of the Group Leadership Team. He will start in February 2022 and be based in Stockholm. René Hansen is a Norwegian citizen and he joins Stora Enso from a position as Vice President, Head of Brand Management at Yara International, the world’s leading fertilizer company. Prior to this, he held several global marketing and brand executive roles at companies such as TOMRA Systems, Zound Industries and Burton Snowboards. René has spent over 18 years leading development and integration of corporate marketing, brand, design and employee engagement in enterprise-wide communication. He has a bachelor’s degree in Communication and Marketing. “I am delighted to welcome René Hansen to Stora Enso and to our leadership team. René’s vast experience in strategic brand development will help accelerate our continued transformation as the renewable materials company. His proven ability to connect people, business and sustainability through purpose and experience driven communication will add tremendous value to our organisation. I look forward to working alongside René to elevate our communications and brand to the next level,” says Stora Enso’s President and CEO Annica Bresky. “I am excited to join Stora Enso. Their pioneering efforts in renewable materials innovation demonstrate what the world needs in order to battle and reverse climate change. Through its ambitious sustainability agenda, aiming for a positive environmental contribution, Stora Enso is perfectly positioned in the circular bioeconomy. I am eager to take on the challenge of developing, launching, and promoting eco-friendly offerings that support a more sustainable future,” says René Hansen. For further information, please contact: Carl Norell acting EVP, Communications and Marketing tel. +46 72 2410349 Investor enquiries: Anna-Lena Åström SVP Investor Relations tel. +46 70 2107691 Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 23 000 employees and sales in 2020 were EUR 8.6 billion. 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 as ADRs (SEOAY). storaenso.com/investors (http://www.storaenso.com/investors/) STORA ENSO OYJ Nov 11, 2021 Stora Enso Oyj Interim Report January–September 2021 Another quarter with robust growth and profitability Q3/2021 (year-on-year) · Sales increased by 23.9% to EUR 2 577 (2 079) million due to higher prices and deliveries. · Operational EBIT increased to EUR 410 (175) million, driven by higher volumes and prices, especially in Biomaterials, Wood Products and Packaging Materials. · Operational EBIT margin increased to 15.9% (8.4%). · Operating profit (IFRS) increased to EUR 386 (145) million. · EPS was EUR 0.38 (0.11) and EPS excl. fair valuations (FV) was EUR 0.37 (0.12). · Strong cash flow from operations amounted to EUR 485 (399) million. Cash flow after investing activities was EUR 347 (250) million. · The net debt to operational EBITDA ratio improved to 1.4 (2.4). The target is to keep the ratio below 2.0. · Operational ROCE excluding the Forest division increased to 20.0% (7.8%), and was clearly above the long-term target of more than 13%. Q1–Q3/2021 (year-on-year) · Sales were EUR 7 445 (6 400) million. · Operational EBIT more than doubled to EUR 1 102 (532) million. Strategy implementation update · Stora Enso is investing EUR 97 million to expand board production at the Skoghall site in Sweden. This is to drive profitable growth in attractive packaging end-use segments. With the completion of the feasibility study, Stora Enso has decided not to go ahead with the originally planned pulp capacity expansion. · Following the successful conversion in Oulu from paper to kraftliner production for food applications, Stora Enso will start a pre-feasibility study to convert the second line, currently idle, at its Oulu site in Finland to a packaging board line. · Stora Enso has set an ambitious goal of 100% regenerative solutions by 2050 and announced new 2030 sustainability targets. · Pilot production of Lignode® by Stora Enso, wood-based carbon for batteries, is being ramped up according to plan, and work towards finding the right partners is progressing. · Paper production at the Veitsiluoto and Kvarnsveden sites was terminated, following the conclusion of the co-determination negotiations. · The Sachsen paper mill in Germany was divested to Model Group. · Stora Enso is decentralising its operating model. This will strengthen execution of strategy and customer intimacy, empower divisions, enhance business specific processes and drive a performance culture. Leaner Group functions focus on strategic activities and scale synergies. Outlook The global economic activity remains at a healthy level with resilient demand for Stora Enso's products in key segments. The annual outlook for the full year 2021 remains as previously guided. Operational EBIT in 2021 is expected to be higher than the 2020 operational EBIT. Key figures EUR million Q3/21 Q3/20 Change Q2/21 Change Q1 Q1 Change 2020 % % -Q3/21 -Q3/2 % Q1 Q3/21 Q3/21 -Q3/21− -Q3/20 -Q2/21 0 Q1 -Q3/20 Sales 2 577 2 079 23.9% 2 592 -0.6% 7 445 6 400 16.3% 8 553 Operational 570 330 73.0% 524 8.9% 1 582 997 58.7% 1 EBITDA 270 Operational 410 175 134.3% 364 12.6% 1 102 532 106.9% 650 EBIT Operational 15.9% 8.4% 14.0% 14.8% 8.3% 7.6% EBIT margin Operating 386 145 165.5% 182 112.1% 729 633 15.2% 922 profit (IFRS) Profit 373 144 158.2% 334 11.7% 999 413 142.0% 501 before tax excl. IAC and FV Profit 349 115 204.1% 152 129.8% 626 513 22.0% 773 before tax (IFRS) Net profit 229 86 246.4% 207 44.2% 652 380 71.7% 617 for the period (IFRS) Net interest 2 672 3 008 -11.2% 2 975 -10.2% 2 672 3 008 -11.2% 2 921 -bearing liabilities Operational 20.0% 7.8% 18.1% 16.8% 7.8% 7.0% ROCE excl. Forest division, % Earnings per 0.37 0.12 219.7% 0.27 37.0% 0.87 0.36 143.7% 0.45 share (EPS) excl. FV, EUR EPS (basic), 0.38 0.11 244.1% 0.26 46.4% 0.83 0.49 68.4% 0.79 EUR Net 1.4 2.4 1.8 1.4 2.4 2.3 debt/last 12 months’ operational EBITDA ratio Average 23 24 -4.4% 23 -0.6% 23 24 -6.1% 24 number of 358 428 509 295 817 455 employees Stora Enso’s President and CEO Annica Bresky comments on the third quarter 2021 results: “I am delighted to see us deliver yet another robust quarterly performance. Sales in our core and growth businesses were up by 32.5% year-on-year, while our operational EBIT of EUR 410 million more than doubled compared to the same period last year. This is a result of the execution of our ongoing strategic transformation and the strength of the underlying market. The strategic actions we are taking by focusing the business on key growth areas put us in a strong position to continue to drive sustainable profitability. It is rewarding to see solid top line growth across our strategic focus areas. Packaging Materials and Wood Products divisions delivered all-time high quarterly sales, reinforcing our strong position in these segments. Packaging Solutions also had a good quarter in the established business, with new scalable innovations and services picking up speed. Biomaterials sales grew to a record high third quarter, however higher prices were partly offset by the global logistics disturbances. The Forest division provides the foundation for our strategic business areas, by supplying raw material for our renewable products. Our forest assets are yielding well and grew sales through higher timber volumes and prices. In our Paper division, the quarter was heavily impacted by the structural closures of our sites in Kvarnsveden and Veitsiluoto. After the ongoing restructurings are finalised, the share of Paper sales will move towards 10% of the Group's total sales. We can see already now a turnaround for our remaining, more competitive Paper business. Stora Enso already has a leading position in the packaging segment and today we announced an expansion of board production at our site in Skoghall, Sweden. The nearly EUR 100 million investment will allow us to meet demand within the growing segments of liquid and food packaging. We are also evaluating taking the next step to convert the second production line in Oulu, Finland into packaging grades. The recent successful ramp up and positive market reception of our new premium kraftliner quality, gives us confidence to assess this opportunity as we see strong long-term demand for our sustainable packaging. Our ongoing investments are on track: the construction of our new CLT line is proceeding and scheduled to start operating during the third quarter 2022, and our recycling facility collaboration with Tetra Pak is scheduled to be operational by the beginning of 2023. Our pilot production plant for bio-based battery components is developing according to plan. The carbon market for batteries grows by 30% annually, and an estimated 450 000 tonnes of carbon material per year will be needed already in the coming years. We are currently evaluating the best alternatives in legal structure and suitable partners to further develop this lignin-based innovation. To speed up our growth strategy and to move even closer to our customers and their customers, we are decentralising our operating model. This will strengthen execution of strategy and customer intimacy, empower divisions, enhance business specific processes and drive a performance culture. Leaner Group functions focus on strategic activities and scale synergies. I strongly believe that clear business ownership will help create the winning, innovation-driven culture needed in order to create value and accelerate our growth for the long-term. Sustainability is the backbone of our business. It drives our innovation agenda and our collaborations with customers, partners and suppliers. To strengthen Stora Enso's sustainability ambitions, we announced today new 2030 targets for our key sustainability priorities: climate change, biodiversity and circularity. Furthermore, we have committed to become 100% regenerative by 2050. This means that we are shifting our focus from just minimising environmental impact, towards a net-positive contribution to climate change mitigation, materials circularity, and nature restoration. This is a very ambitious journey, and a necessary one. It puts us in the lead of the much-needed societal transformation: away from fossils and a linear economy. Our new targets will guide our renewable materials strategy and boost our ability to deliver the eco-friendly solutions that the consumers of today and tomorrow demand. Stora Enso fully supports the European Commission’s climate goals. The EU is currently working on several pieces of regulation with relevance and impact on the forest industry. The goal of all initiatives is to enable a “green transformation” and to stay below 1.5C of climate warming. With our regenerative agenda, we will strengthen our sustainable forestry practices and accelerate the use of renewable wood fibers for carbon neutral and circular products. We are part of the solution to enable the transition of our societies away from fossil dependency. The renewable future grows in the forest.” Analysts, investors and media are invited to participate in the webcast and conference call today at 15:00 EEST (14:00 CEST, 13:00 BST, 08:00 EDT). The result will be presented by the President and CEO Annica Bresky, CFO Seppo Parvi, and SVP, Head of Investor Relations Ulla Paajanen, and may be accessed at https://edge.media-server.com/mmc/p/xgicessg. All participants can follow the presentation over the webcast. Analysts and investors who wish to ask questions should join the conference call (details below). Media representatives who wish to ask questions after the Interim Report is published, may contact Carl Norell, press officer at Stora Enso at +46 72 2410349. The link to the webcast will be also available on Stora Enso’s website: storaenso.com/investors (http://www.storaenso.com/investors) Dial-in details for the analyst and investor conference call Live event at 15.00 EEST UK +44 (0) 2071 928 338 Finland +358 (0) 923 113 291 Sweden +46 (0) 856 618 467 USA +1 6467 413 167 Confirmation Code: 2972393 Replay Dial-In #: UK/International +44 (0)3333 009 785 Access Code: 2972393 The conference call replay will be available via the dial-in number until Wednesday 27 October 2021. The webcast will be archived on storaenso.com/en/investors/reports-and-presentations. (https://www.storaenso.com/en/investors/reports-and-presentations) This release is a summary of Stora Enso’s Interim Report January–September 2021. The complete report is attached to this release as a pdf file. It is also available on the company website at storaenso.com/investors (http://www.storaenso.com/investors). For further information, please contact: Carl Norell Press officer tel. +46 72 2410349 Investor enquiries: Ulla Paajanen SVP, Investor Relations tel. +358 40 763 8767 Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 23 000 employees, and sales in over 50 countries. Our sales in 2020 were EUR 8.6 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R) storaenso.com/investors (http://www.storaenso.com/investors/) STORA ENSO OYJ Oct 20, 2021 Stora Enso sets ambitious goal of 100% regenerative solutions by 2050 and announces new 2030 sustainability targets Stora Enso’s ambition is to offer 100% regenerative products and solutions by 2050. By adopting a regenerative stance, Stora Enso is shifting its sustainability goals from minimising negative environmental impact to becoming a net positive[1 ]contributor within the defined focus areas of climate, circularity and biodiversity by 2050. Being regenerative means providing renewable and fully circular products and solutions that help reduce climate impact and support biodiversity restoration. “As a renewable materials company, our core business is about offering solutions to sustainability challenges. To balance staying within planetary boundaries and securing economic and social progress, the world needs a transformation away from fossil dependency and a linear economy. With this commitment Stora Enso aims to be a leading actor in driving the transformation towards a biobased circular economy. We will be transparent with our progress, taking a science-based approach, to offer regenerative solutions that not only mitigate environmental impact, but restore and rebuild,” says Annica Bresky, Stora Enso’s President and CEO. New sustainability targets Stora Enso is also committing to new 2030 targets for its key sustainability priorities: climate change, biodiversity and circularity. With its updated science-based targets, Stora Enso commits to reducing absolute scope 1 and 2[2 ]greenhouse gas (GHG) emissions from operations by 50% by 2030 from the 2019 base-year, aligned with the 1.5-degree scenario. Stora Enso also commits to an ambitious target to reduce scope 3[2] GHG emissions by 50% by 2030 from the 2019 base-year. The science-based targets have been approved by the Science Based Targets initiative, a partnership between CDP, the United Nations Global Compact (UNGC), the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). As part of its new ambition, Stora Enso commits to achieving a net-positive impact on biodiversity in its own forests and plantations by 2050 through active biodiversity management. A set of actions towards 2030 has been developed and initiated to improve biodiversity on species, habitat and landscape levels. “Stora Enso uses its own forest in Sweden as a development platform for enhancing biodiversity. We will, for example, increase the share of broad-leaved trees and the amount of dead wood. Continuous cover forestry will be tested to evaluate its impact on biodiversity and forest growth in areas suitable for this method. Furthermore, Stora Enso will unify and expand performance evaluations that assess the quality of our work in Finland, Sweden, Russia and the Baltics in order to enhance biodiversity,” says Jari Suominen, Executive Vice President, Forest Division at Stora Enso. Our work will be supported by a science-based monitoring programme and more than 15 indicators tracking progress on the species, habitat and landscape levels. During 2022 Stora Enso will start to share data on its progress through a new online reporting tool and support forest owners with enhanced biodiversity services. As a global renewable materials company, Stora Enso also aims to improve biodiversity globally, even beyond the forest sector, through knowledge sharing and active participation in formulating new policies and standards. Stora Enso’s circular economy target outlines the commitment to transparent and circular material flows that help minimise waste and combat climate change. The interim targets for this include achieving 100% recyclable products by 2030. Flagship projects focused on infrastructure will help drive recycling at scale. This involves engagement along our value chain and new circular business models. [1)] Net Positive refers to a way of doing business where our products are being recycled, where we remove more CO\2\ from the atmosphere than we emit and enhance biodiversity. [2)] Scope 1: Direct fossil CO\2\e emissions from production. Scope 2: Indirect fossil CO\2\e emissions related to purchased electricity and heat. Scope 3: Emissions from other sources along our value chain. For further information, please contact: Satu Härkönen Press Officer, Stora Enso Tel. +358 40 832 7458 Investor enquiries: Ulla Paajanen SVP, Investor Relations Tel. +358 40 763 8767 Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 23 000 employees, and sales in over 50 countries. Our sales in 2020 were EUR 8.6 billion. 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 as ADRs (SEOAY). storaenso.com (http://www.storaenso.com) STORA ENSO OYJ Oct 20, 2021 Stora Enso invests in expansion of board production at Skoghall and starts pre-feasibility study to convert the second line in Oulu Stora Enso is investing EUR 97 million to expand the board production at the Skoghall site in Sweden. At the same time, Stora Enso is initiating a pre-feasibility study to convert the second, currently idle, line at its Oulu site in Finland, to a packaging board line. Market demand for sustainable packaging is increasing. Stora Enso is a global leader in consumer packaging with strong market positions in attractive end-uses. The investment in Skoghall will further drive profitable growth in attractive end-use segments, such as liquid packaging board and coated unbleached kraftliner, and is expected to be completed in the second half of 2023. Following the investment, the annual packaging board production at Skoghall can be increased by approximately 100 000 tonnes, to a total capacity exceeding 900 000 tonnes, subject to environmental permits. The investment decision follows the completion of the feasibility study announced in November 2020. Based on the study, Stora Enso has decided not to go ahead with the originally planned pulp capacity expansion. The original feasibility study had an estimated capital expenditure of approximately EUR 800–850 million for both pulp and board capacity expansion. The board expansion in Skoghall will be implemented through debottlenecking of one of the existing production lines, and executed in two steps, utilising the scheduled maintenance stops. Growth in sustainable packaging is a long-term strategic objective for Stora Enso. Following the successful conversion in Oulu from paper to kraftliner production for food applications, Stora Enso has decided to initiate a pre-feasibility study to convert the second, idle paper line into a packaging board line. The first conversion ramp-up in Oulu has proceeded ahead of plan since production started at the beginning of the year. A second conversion would further improve the Oulu site’s flexibility and competitiveness, through integrated pulp availability, additional fixed and variable cost savings, and ability to utilise the adjacent deep-sea harbour. The pre-feasibility study will be completed early 2022. “Skoghall is one of our key integrated production sites for eco-friendly packaging materials. The investment strengthens Stora Enso’s capability to produce high-quality and cost-competitive consumer board grades within the growing core segments of liquid and food packaging. In Oulu, the ramp-up of the first converted production line has been successfully executed, reaching towards full capacity, quality requirements as well as profitability ahead of plan. Through both these growth initiatives we are demonstrating speedy time-to-market and ability to respond to the increasing demand for more sustainable packaging,” says Hannu Kasurinen, EVP Stora Enso’s Packaging Materials division. Stora Enso’s Skoghall site in western Sweden is a modern, world-class producer of consumer packaging board, for liquid packaging and dry food packaging. Total annual production currently exceeds 800 000 tonnes of board. Stora Enso’s Oulu site is a premium kraftliner producer in northern Finland. In early 2021, one of two former paper machines, was converted to kraftliner for consumer packaging applications. The pulp mill and drying machine were modified to produce unbleached brown pulp. The second former paper production line has been kept idle in the meantime. When fully ramped up, the annual capacity of the first line is 450 000 tonnes of kraftliner and 550 000 tonnes of pulp. Earlier releases: 11 November 2020: Stora Enso to start feasibility study for expanding pulp and board capacity at Skoghall Mill (https://www.storaenso.com/en/newsroom/regulatory-and-investor-releases/2020/11/stora-enso-to-start-feasibility-study-for-expanding-pulp-and-board-capacity-at-skoghall-mill) 29 January 2021: Production started at Stora Enso’s Oulu Mill (https://www.storaenso.com/en/newsroom/regulatory-and-investor-releases/2021/1/production-started-at-stora-ensos-oulu-mill) For further information, please contact: Satu Harkonen Press Officer, Stora Enso +358 40 832 7458 Investor enquiries: Ulla Paajanen SVP, Investor Relations tel. +358 40 763 8767 Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 23 000 employees, and sales in over 50 countries. Our sales in 2020 were EUR 8.6 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com (http://www.storaenso.com) STORA ENSO OYJ Oct 20, 2021 Stora Enso shares converted During the 1 September 2021 – 30 September 2021 conversion period there were two conversions and a total of 510 A shares were converted into R shares. The shares were recorded in the Finnish trade register today, 15 October 2021, and trading in the new R shares will start on 18 October 2021. Breakdown of shares after conversion: A shares 176 248 123 R shares 612 371 864 Total 788 619 987 Each A share and each ten R shares carry one vote. The total amount of votes after the conversion is at least 237 485 309. For further information, please contact: Hanne Karrinaho Head of Financial Communications tel. +358 40 766 9452 Investor enquiries: Ulla Paajanen SVP, Investor Relations tel. +358 40 763 8767 Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 23 000 employees, and sales in over 50 countries. Our sales in 2020 were EUR 8.6 billion. 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 as ADRs (SEOAY). storaenso.com/investors (http://www.storaenso.com/investors/) STORA ENSO OYJ Oct 15, 2021 Stora Enso included in European Commission inspection of wood pulp sector According to the European Commission it has today announced inspections in locations at several member states at the premises of companies active in the wood pulp sector. Stora Enso was included in the European Commission’s inspection through a visit conducted by the Finnish Competition and Consumer authority at its headquarters in Kanavaranta, Finland. Stora Enso is cooperating fully with the authorities. For further information, please contact: Satu Härkönen Head of Communications, Finnish media relations tel. +358 40 832 7458 Investor enquiries: Ulla Paajanen SVP, Investor Relations tel. +358 40 763 8767 Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 23 000 employees, and sales in over 50 countries. Our sales in 2020 were EUR 8.6 billion. 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 as ADRs (SEOAY). storaenso.com/investors (http://www.storaenso.com/investors/) STORA ENSO OYJ Oct 12, 2021 Invitation to Stora Enso’s Q3 2021 results webcast on 20 October 2021 Stora Enso will publish its January-September 2021 Interim Report on Wednesday 20 October 2021 approximately at 08:30 EEST (07:30 CEST). Analysts, investors and media are invited to participate in the webcast and conference call at 15:00 EEST (14:00 CEST, 13:00 BST, 08:00 EDT) on the same day. The result will be presented by the President and CEO Annica Bresky, CFO Seppo Parvi, and SVP, Head of Investor Relations Ulla Paajanen, and may be accessed at https://edge.media-server.com/mmc/p/xgicessg. All participants can follow the presentation over the webcast. Analysts and investors who wish to ask questions should join the conference call (details below). Media representatives who wish to ask questions after the Interim Report is published, may contact Carl Norell, press officer at Stora Enso at +46 72 2410349. The link to the webcast will be also available on Stora Enso’s website: storaenso.com/investors (http://www.storaenso.com/investors) Dial-in details for the analyst and investor conference call Live event at 15.00 EEST UK +44 (0) 2071 928 338 Finland +358 (0) 923 113 291 Sweden +46 (0) 856 618 467 USA +1 6467 413 167 Confirmation Code: 2972393 Replay Dial-In #: UK/International +44 (0)3333 009 785 Access Code: 2972393 The conference call replay will be available via the dial-in number until Wednesday 27 October 2021. The webcast will be archived on storaenso.com/en/investors/reports-and-presentations. (https://www.storaenso.com/en/investors/reports-and-presentations) Media enquiries: Carl Norell Press officer tel. +46 72 2410349 Investor enquiries: Ulla Paajanen SVP, Head of Investor Relations tel. +358 40 763 8767 Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 23 000 employees, and sales in over 50 countries. Our sales in 2020 were EUR 8.6 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). storaenso.com (http://www.storaenso.com) STORA ENSO OYJ Oct 6, 2021 Stora Enso shares converted During the 1 August 2021 – 31 August 2021 conversion period there were two conversions and a total of 1 209 A shares were converted into R shares. The shares were recorded in the Finnish trade register today, 15 September 2021, and trading in the new R shares will start on 16 September 2021. Breakdown of shares after conversion: A shares 176 248 633 R shares 612 371 354 Total 788 619 987 Each A share and each ten R shares carry one vote. The total amount of votes after the conversion is at least 237 485 768. For further information, please contact: Hanne Karrinaho Head of Financial Communications tel. +358 40 766 9452 Investor enquiries: Ulla Paajanen SVP, Investor Relations tel. +358 40 763 8767 Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 23 000 employees, and sales in over 50 countries. Our sales in 2020 were EUR 8.6 billion. 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 as ADRs (SEOAY). storaenso.com/investors (http://www.storaenso.com/investors/) STORA ENSO OYJ Sep 15, 2021 Stora Enso’s Shareholders’ Nomination Board composition The Stora Enso Shareholders’ Nomination Board has been established to exist until otherwise decided. The Shareholders’ Nomination Board annually prepares proposals for Stora Enso Oyj’s Annual General Meeting concerning the election and remuneration of members of the Stora Enso Board of Directors and Board committees, as well as the appointments of the Chair and the Vice Chair of the Board of Directors. The Shareholders’ Nomination Board consists of the Chair of Stora Enso’s Board of Directors, the Vice Chair of the Board of Directors and two members appointed by the two largest shareholders (one each) as of 31 August each year. Stora Enso’s two largest shareholders on 31 August 2021 were Solidium Oy and FAM AB. The Shareholders’ Nomination Board has been appointed and consists of the following members: Antti Mäkinen (Chair of Stora Enso’s Board of Directors), Håkan Buskhe (Vice Chair of Stora Enso’s Board of Directors), Harri Sailas (Chair of the Board of Directors of Solidium Oy), and Marcus Wallenberg (Chair of the Board of Directors of FAM AB). The Shareholders’ Nomination Board has elected Marcus Wallenberg as its Chair. For further information, please contact: Carl Norell Press officer +46 (0) 722 410 349 Investor enquiries: Ulla Paajanen SVP, Investor Relations tel. +358 40 763 8767 Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 23 000 employees, and sales in over 50 countries. Our sales in 2020 were EUR 8.6 billion. 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 as ADRs (SEOAY). storaenso.com/investors (http://www.storaenso.com/investors/) STORA ENSO OYJ Sep 8, 2021 Stora Enso completes the union negotiations in Kvarnsveden Stora Enso has completed the union negotiations regarding the closure of pulp and paper production at Kvarnsveden. A total of 340 people will be permanently laid off. Some 25% of the redundancies can be managed through pension arrangements, and 100 people have already found new jobs within Stora Enso or with an external employer. The redundancies will mostly take effect in November. In April 2021, Stora Enso announced a plan to permanently close down pulp and paper production at its Kvarnsveden site due to the declining paper market. As a result of the co-determination negotiations regarding the Kvarnsveden site, pulp and paper production will be closed permanently from 30 September 2021. The customer service centre at Kvarnsveden will be closed by 31 December 2021. The power plant will continue to operate, but only for the purpose of district heating and for maintaining the buildings onsite. When the co-determination plan was announced in April, the maximum personnel impact was estimated to be 440 people. As a result of the negotiations, 340 people will be permanently laid off. Some 25% of the redundancies can be managed through pension arrangements, and 100 people have already found new jobs within Stora Enso or with an external employer. This includes employees who will work with energy production at the power plant. The redundancies will mostly take place in November. Stora Enso offers individual support to the affected employees. This includes re-training and relocation support for people who transfer to other locations for work. We will also offer financial support for employees starting up their own companies. Stora Enso collaborates with the City of Borlänge and other local and regional stakeholders through various activities, such as recruitment fairs. Stora Enso has initiated a project to find future options for the Kvarnsveden site. The process is being coordinated with the City of Borlänge and other regional and national stakeholders. The Kvarnsveden site offers many advantages for future use, including strong industrial infrastructure, a railway connection to Gothenburg harbour, a connection to the national electricity grid, and availability of clean water. Stora Enso continues to produce supercalendered (SC) papers at its Langerbrugge site in Belgium and its Maxau site in Germany, and improved newsprint at the Anjala site in Finland. Earlier releases about the plan for the Kvarnsveden and Veitsiluoto sites: 20 April 2021: Stora Enso initiates a plan to permanently close down pulp and paper production at Kvarnsveden and Veitsiluoto mills (https://www.storaenso.com/en/newsroom/regulatory-and-investor-releases/2021/4/stora-enso-initiates-a-plan-to-permanently-close-down-pulp-and-paper-production-at-kvarnsveden-and-veitsiluoto-mills) 17 June 2021: Stora Enso completes co-determination negotiations at Veitsiluoto site (https://www.storaenso.com/en/newsroom/regulatory-and-investor-releases/2021/6/stora-enso-completes-co-determination-negotiations-at-veitsiluoto-site?prid=20e70ae51fec2d45) 1 July 2021: Stora Enso completes co-determination negotiations at Kvarnsveden site concerning the closure of pulp and paper production (https://www.storaenso.com/en/newsroom/regulatory-and-investor-releases/2021/7/stora-enso-completes-co-determination-negotiations-at-kvarnsveden-site-concerning-the-closure-of-pulp-and-paper-production) For further information, please contact: Carl Norell Press Officer, Stora Enso +46 (0) 722 410 349 Liisa Nyyssönen SVP, Communications, Paper division tel. +358 40 544 3491 Investor enquiries: Ulla Paajanen SVP, Investor Relations tel. +358 40 763 8767 Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 23 000 employees, and sales in over 50 countries. Our sales in 2020 were EUR 8.6 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com (http://www.storaenso.com) STORA ENSO OYJ Aug 31, 2021 Stora Enso shares converted During the 1 July 2021 – 31 July 2021 conversion period there were two conversions and a total of 400 A shares were converted into R shares. The shares were recorded in the Finnish trade register today, 16 August 2021, and trading in the new R shares will start on 17 August 2021. Breakdown of shares after conversion: A shares 176 249 842 R shares 612 370 145 Total 788 619 987 Each A share and each ten R shares carry one vote. The total amount of votes after the conversion is at least 237 486 856. For further information, please contact: Hanne Karrinaho Head of Financial Communications tel. +358 40 766 9452 Investor enquiries: Ulla Paajanen SVP, Investor Relations tel. +358 40 763 8767 Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 23 000 employees, and sales in over 50 countries. Our sales in 2020 were EUR 8.6 billion. 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 as ADRs (SEOAY). storaenso.com/investors (http://www.storaenso.com/investors/) STORA ENSO OYJ Aug 16, 2021 1 2 3 ... 108 Quick links About Stora Enso Careers Contact Download centre Inspiration centre Investors Newsroom Products Sustainability Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden construction and paper. We employ some 23 000 people and our shares are listed on the Helsinki (STEAV, STERV) and Stockholm (STE A, STE R) stock exchanges. Privacy Legal notice MSA Report Speak Up Hotline This website uses cookies By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. You can change your cookie settings at any time via Cookie Settings.Privacy notice. Accept All Cookies Cookies Settings