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Stora Enso Vuosikertomus 2003

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Stora Enso Vuosikertomus 2003 Ajankohtaista TIETOJA OSINGONMAKSUSTA YHTEYSTIEDOT JA YHTIÖKOKOUKSESTA Kari Vainio Osingonmaksu Executive Vice President, konserniviestintä Hallitus esittää varsinaiselle yhtiökokoukselle, että Puh. +44 20 7016 3140 31.12.2003 päättyneeltä tilikaudelta maksetaan osinkoa Fax +44 20 7016 3208 0,45 euroa osakkeelta. Postiosoite: Stora Enso International Office, Ruotsin arvopaperikeskus (Värdepapperscentralen, 9 South Street, London W1K 2XA, UK VPC) huolehtii osingonmaksusta VPC:ssä rekisteröidyille [email protected] osakkeille ja osinko maksetaan Ruotsin kruunuina. Deutsche Bank Trust Company Americas huolehtii Keith B Russell osingonmaksusta sen hallinnoimien ADR-todistusten Senior Vice President, sijoittajasuhteet haltijoille ja osinko maksetaan Yhdysvaltain dollareina. Puh. +44 20 7016 3146 Lisätietoja kohdassa tietoja osakkeenomistajille sivulla 52. Fax +44 20 7016 3208 Postiosoite: Stora Enso International Office, Osingonjakopolitiikka 9 South Street, London W1K 2XA, UK Pitkän aikavälin tulokseen kytketty vakaa osinko [email protected] Puolet nettovoitosta suhdannekierron aikana Ulla Paajanen-Sainio Yhtiökokous Vice President, sijoittajasuhteet ja talousviestintä Stora Enso Oyj:n varsinainen yhtiökokous pidetään Puh. 02046 21242 torstaina 18.3.2004 klo 16.00 Finlandia-talossa, Fax 02046 21307 Mannerheimintie 13 e, Helsinki. Postiosoite: Stora Enso Oyj, PL 309, 00101 Helsinki [email protected] Kannen kuva Scott A. Deitz Vice President, sijoittajasuhteet, Pohjois-Amerikka Yksityiskohta sylinteristä Langerbruggen Puh. +1 715 422 1521 uuden paperikoneen kuivapäässä. Fax +1 715 422 3882 Keltainen vasemmalla ylhäällä on sylinterin pää, harmaa alhaalla oikealla Postiosoite: Stora Enso North America, P.O. Box 8050, on viira ja punainen keskellä on Wisconsin Rapids, WI 54495-8050, USA heijastus sylinterin pinnassa. [email protected] SISÄLLYSLUETTELO Konserni 2003 on käännetty englannin kielestä. 8 STRATEGIA 32 HALLITUS 21 Harkittu strategia edistää kannat- tavuutta ja kasvua. Sijoitetun pää- 34 JOHTAJISTO oman tuottotavoite on 13 % suh- dannekierron aikana. Osingonjako- 38 KONSERNIHALLINTO-OHJE politiikkaa uudistettiin siten, että Stora Enso on päivittänyt konser- osinkona jaetaan puolet nettovoi- nihallinto-ohjettaan. Taustalla oli- tosta suhdannekierron aikana. vat konsernin organisaatiouudis- tus, yleinen keskustelu yhtiöiden 12 STORA ENSO ACCOUNT hallinnoinnista sekä Helsingin, MANAGEMENT Tukholman ja New Yorkin pörssien Avainasiakkaille suunnattu inno- uudet ohjeet ja suositukset aihees- vaatio, joka mahdollistaa yhte- ta. Muutokseen vaikutti osaltaan näisen palvelun kaikissa osto- myös Sarbanes Oxley -laki. tilanteissa. 42 OSAKKEET JA 14 UUSI ORGANISAATIORAKENNE OSAKKEENOMISTAJAT 2 YHTIÖN ESITTELY Uusi organisaatiorakenne perus- Stora Enso kuuluu maailman joh- tuu Stora Enson kolmeen pää- 46 TIIVISTELMÄ TILIN- taviin metsäteollisuusyhtiöihin. tuotealueeseen: paperiin, pakkaus- PÄÄTÖSTIEDOISTA Stora Enson päätuotteet ovat kartonkeihin sekä puutuotteisiin Tilinpäätöstiedot kokonaisuudes- paino- ja hienopaperit, pakkaus- ja kuituhuoltoon. saan osoitteessa kartongit sekä puutuotteet. www.storaenso.com/2003 tai erilli- 16 PAPERI sessä Tilinpäätös 2003 -raportissa. 2 TILINPÄÄTÖKSEN PÄÄKOHDAT 20 Uusi paperikone Langerbruggessa Tilausohjeet tämän raportin taka- Vuoden 2003 avainluvut ilman kannessa. kertaluonteisia eriä: liikevoitto 22 PAKKAUSKARTONGIT 538,1 miljoonaa euroa (4,4 % lii- 24 InnoCentre 52 TIETOJA OSAKKEEN- kevaihdosta) ja tulos ennen veroja OMISTAJILLE ja vähemmistöosuutta 331,4 mil- 26 PUUTUOTTEET JA joonaa euroa. Osakekohtainen KUITUHUOLTO 11 tulos 0,25 euroa. 29 Jatkojalostus: ikkunakomponentit 3 VUOSI 2003 LYHYESTI 30 HENKILÖSTÖJOHTAMINEN Stora Enso työllistää noin 44 000 4 TUOTEALUEET LYHYESTI henkilöä yli 40 maassa. Stora Enson pitkän aikavälin menestys 6 KIRJE OSAKKEENOMISTAJILLE perustuu työntekijöiden osaami- seen – “What People Can Do”. STORA ENSO KONSERNI 2003 1 YHTIÖN ESITTELY Tuotamme lisäarvoa tora Enso kuuluu maailman johta- Stora Enson pääasialliset asiakkaat mään liiketoimintaansa ekologisesti, viin metsäteollisuusyhtiöihin. Stora ovat yrityksiä. Konsernilla on maailman- yhteiskunnallisesti ja taloudellisesti yhä S Enson päätuotteet ovat paino- ja laajuinen myynti- ja markkinointiver- kestävämpään suuntaan. Sitoutuminen hienopaperit, pakkauskartongit sekä puu- kosto, minkä ansiosta asiakkaita pysty- ilmenee konsernin arvoissa sekä sen tun- tuotteet. tään palvelemaan paikallisesti. Asiakkaita nustusta saaneessa ympäristöä ja yhteis- Stora Enson liikevaihto oli 12,2 mil- ovat suuret ja pienet kustantamot, paino- kunnallista vastuuta koskevassa politii- jardia euroa vuonna 2003. Konsernin pal- talot ja tukkurit sekä pakkaus-, puusepän- kassa. Stora Enso on valittu Dow Jonesin veluksessa on noin 44 000 henkilöä yli 40 ja rakennusteollisuus kaikkialla maail- kestävän kehityksen DJSI World sekä DJSI maassa viidellä mantereella. Stora Enson massa. Päämarkkina-alueita ovat Euroop- STOXX -indekseihin niiden perustami- vuotuinen tuotantokapasiteetti on 15,7 pa, Pohjois-Amerikka ja Aasia. sesta vuodesta 1999 lähtien. Tässä kestä- miljoonaa tonnia paperia ja kartonkia Konsernilla on tuotantoa Euroopassa, vän kehityksen vertailussa Stora Enso sekä 7,4 miljoonaa kuutiometriä sahattu- Pohjois-Amerikassa ja Aasiassa. Sen nyky- arvioitiin metsäteollisuusyhtiöistä par- ja puutuotteita. Sahatuista puutuotteista aikaiset tuotantoyksiköt sekä raaka-aine- haimmaksi vuonna 2003. Stora Enso on 2,8 miljoonaa kuutiometriä on jatkoja- hankinnan, energiantuotannon ja tuo- mukana myös FTSE4Good-indeksissä. losteita. Stora Enson osakkeet noteerataan tantoprosessien tehokas integraatio takaa- Helsingin, New Yorkin ja Tukholman vat toiminnan jatkuvuuden. arvopaperipörsseissä. Stora Enso on sitoutunut kehittä- Tilinpäätöksen pääkohdat 2002 2003 2002 2003 Liikevaihto, milj. EUR 12 783 12 172 Velkaantumisaste **0,37 0,48 Liikevoitto, milj. EUR -152 484 Tulos/osake, EUR -0,25 0,17 ilman kertaluonteisia eriä, milj. EUR 927 538 ilman kertaluonteisia eriä, EUR 0,57 0,25 % liikevaihdosta 7,2 4,4 Kassatulos/osake, EUR 2,49 1,58 Tulos ennen veroja ja vähemmistöosuutta, milj. EUR -343 223 ilman kertaluonteisia eriä, EUR 1,97 1,64 ilman kertaluonteisia eriä, milj. EUR 735 331 Oma pääoma/osake, EUR 9,36 9,65 Tilikauden tulos, milj. EUR -222 147 Osinko/osake, EUR 0,45 *0,45 Käyttöomaisuusinvestoinnit, milj. EUR 878 1 248 Osinkosuhde, % 79 180 Korolliset nettovelat, milj. EUR 3 267 3 919 Osakekannan markkina-arvo, milj. EUR, 31.12. 9 052 9 288 Sijoitettu pääoma, milj. EUR 11 242 11 744 Paperin ja kartongin toimitukset, 1 000 tonnia 13 149 13 551 Sijoitetun pääoman tuotto (ROCE), % -1,5 4,1 Puutuotteiden toimitukset, 1 000 m3 5 112 5 822 ilman kertaluonteisia eriä, % 7,1 4,6 Henkilöstö keskimäärin 43 853 44 264 Oman pääoman tuotto (ROE), % -3,3 1,8 *) Hallituksen osinkoehdotus **) Sisältää IAS 41:n (Maatalous) käyttöönoton vaikutukset 2 STORA ENSO KONSERNI 2003 VUOSI 2003 LYHYESTI Vuosi 2003 lyhyesti pävarmuus jatkui metsäteollisuus- tuinen sellukapasiteetti on 900 000 ton- investointi on noin 450 miljoonaa euroa tuotteiden markkinoilla jo kolmatta nia. Kummankin yhtiön osuus hankkees- ja paperikoneen vuotuinen tuotantoka- Evuotta. Maailmantalouden matala- ta ja tehtaan tuotannosta on 50 %. Val- pasiteetti on arviolta 420 000 tonnia kor- suhdanne piti erityisesti mainonnassa mistuttuaan vuoden 2005 puolivälissä kealaatuista, superkalanteroitua (SC) käytettävien paperilaatujen kysynnän tehdas on maailman suurin yksilinjainen paperia. Kone käynnistyy vuoden 2005 heikkona. Yhdysvaltain dollarin heikke- valkaistun eukalyptusmassan tuottaja. lopussa. Kvarnsvedenin tehtaiden paperi- neminen vaikutti konsernin kannatta- Joulukuussa Stora Enso päätti ener- kone 9, jonka vuotuinen tuotantokapasi- vuuteen sekä Euroopan ulkopuolisessa giatehokkuuden parantamisinvestoinnis- teetti on 130 000 tonnia sanomalehtipa- myynnissä että Euroopassa, jossa kilpailu ta Skoghallin kartonkitehtaalle Ruotsiin. peria, suljetaan uuden koneen aloittaessa kiristyi. Energia 2005 -investointiprojektin arvo toimintansa. Pohjois-Amerikassa vuoden 2002 on 211 miljoona euroa. Uusi haihdutta- Tuotantorakenteen kehittämisohjel- lopulla alkanut talouden elpyminen mo ja soodakattila otetaan käyttöön syk- ma sisältää myös Saksan Maxaun tehtai- nopeutui vuoden 2003 toisella puoliskol- syllä 2005 ja biopolttoainekattila kesällä den paperikone 6 uudistamisen kilpailu- la. Tämä mahdollisti erityisesti aikakaus- 2006. kyvyn ja tuottavuuden parantamiseksi. lehti- ja sanomalehtipapereiden hinnan- Joulukuussa Stora Enso hyväkyi suun- Paperikone tuottaa SC-B-paperia uusio- korotukset, mutta vuoden lopulla niihin nitelman konsernin metsien omistusjär- kuidusta. kohdistui laskupaineita. Hintoihin vai- jestelyistä Ruotsissa. Stora Enson yhteis- kutti tuonti Euroopasta ja Aasiasta, joka työkumppani on ruotsalainen Korsnäs. häiritsi kysynnän ja tarjonnan tasapai- Stora Enso ja Korsnäs perustavat uuden noa. yhtiön, Bergvik Skog AB:n, jolle molem- pien yhtiöiden metsät siirretään. Stora Tärkeimmät tapahtumat Ensolle jää yhtiöstä 44 %:n vähemmistö- Helmikuussa Stora Enso ja Viron suurim- osuus. Loput Bergvik Skogin osakkeista man puutuote- ja puunhankintayhtiön myydään institutionaalisille sijoittajille. AS Sylvesterin omistajat saivat päätökseen aiemmin ilmoitetun yrityskaupan. Tuotantorakenteen kehittämis- Toukokuussa Stora Enso Oyj ja ohjelma Aracruz Celulose S.A. päättivät rakentaa Joulukuussa Stora Enso hyväksyi Ruotsin eukalyptusmassaa valmistavan selluteh-
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