Stora Enso Key Facts

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Stora Enso Key Facts 1 Stora Enso in brief Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wood and paper. Our aim is to replace non- renewable materials by innovating and developing new products and services based on wood and other renewable materials. • Approximately 27 000 employees worldwide • Sales 2014 EUR 10.2 billion 2 Key figures % Change EUR million 2014 2013 2014/2013 Sales 10 213 10 563 -3.3% Operational EBITDA 1 269 1 090 16.4% Operational EBIT 810 578 40.1% Profit before tax, excl. NRI 399 350 14.0% Earnings per share, excl. NRI (EUR) 0.40 0.40 Operational ROCE (%) 9.5% 6.5% Cash flow from operations 1 139 1 252 -9.0% Cash flow after investing activities 255 481 -47.0% Debt/equity 0.65 0.61 3 Stora Enso’s strategy Stora Enso is transforming into a renewable materials growth company. 4 Production capacities 2015 Chemical pulp Sawing and further processing Paper Sawing Further processing Finland Sweden Brazil Uruguay Poland Board Austria Finland Czech Republic Sweden Estonia Russia Finland Sweden Germany Latvia Lithuania Poland China Brazil Belgium Finland Sweden Spain Poland 5 Ownership distribution – by voting power 31 December 2014 16 % 21 % TOP 10 Shareholders 1 % 1 FAM AB 2 Solidium Oy 3 % 3 Social Insurance Institution of Finland 4 Varma Mutual Pension Insurance Company 27 % 5 MP-Bolagen i Vetlanda AB (Werner von Seydlitz) 6 Ilmarinen Mutual Pension Insurance Company 25 % 7 Erik Johan Ljungberg’s Education Foundation 8 Nordea Investment Funds 5 % 9 Swedbank Robur Funds 2 % Finnish Institutions Solidium Oy *) 10 Bergslaget's Healthcare Foundation Finnish private shareholders Swedish institutions FAM AB Swedish private shareholders ADRs Under nominee names (non-Finnish/ non-Swedish shareholders) *) Entirely owned by the Finnish State 6 Group Leadership Team CEO Karl-Henrik Sundström Global Ethics and Compliance, CFO General Counsel Seppo Parvi Per Lyrvall Global People and Global Communications Organisation Ulrika Lilja Lars Häggström Global Responsibility Sourcing Terhi Koipijärvi* Johanna Hagelberg Consumer Board Packaging Biomaterials Wood Products Paper Director** Solutions Jari Latvanen NN Juan Carlos Bueno Jari Suominen Kati ter Horst Juha Vanhainen *Acting member of GLT. As announced on 18 December 2014, Noel Morrin has been appointed as EVP, Global Responsibility, and a member of the Group Leadership Team as of 1 April 2015. **Energy, Logistics and Wood Supply operations in Finland and Sweden Stora Enso 05/02/2015 7 Board of Directors proposed for re-election Gunnar Brock Juha Rantanen Anne Brunila Elisabet Fleuriot since March 2005 since March 2008 since April 2013 since April 2013 Chairman Vice chairman Hock Goh Mikael Mäkinen Richard Nilsson Hans Stråberg since April 2012 since March 2010 since April 2014 since April 2009 All Board members, excluding Richard Nilsson, are independent of the Company and the significant shareholders. Richard Nilsson is not independent of significant shareholders of the Company 8 .

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Proposed Members to the Board of Directors 130.83 KB
Nominated current members of the Board of Directors Håkan Buskhe Member of Stora Enso’s Board of Directors since June 2020. Independent of the company but not of its significant shareholders due to his position as CEO of FAM AB. Håkan Buskhe, M.Sc. Eng., Licentiate of Engineering, born 1963, Swedish citizen. Chair of the Board of Directors of IPCO AB. Member of the Board of AB SKF, Munters Group and Kopparfors Skogar. CEO of FAM AB. CEO and President of SAAB AB (2010–2019) and E.ON Nordic (2008– 2010). Previous working experience further includes executive positions in E.ON Sweden (2006– 2008), acting as CEO of the logistics company Schenker North (2001–2006) as well as several positions in Storel AB (1998–2001), Carlsberg A/S (1994–1998) and Scansped AB (1988–1994). Buskhe has further held positions as Board member in several venture capital companies. Owns 2 781 R shares in Stora Enso. Elisabeth Fleuriot Member of Stora Enso’s Board of Directors since April 2013. Independent of the company and the significant shareholders. Born 1956. M.Sc. (Econ.). Board member and Chair of CSR Committee at G4S. Chair of the Board of Ynsect and Foundation Caritas. President and CEO of Thai Union Europe Africa 2013–2017. Senior Vice President, Emerging Markets and Regional Vice President, France, Benelux, Russia and Turkey, in Kellogg Company 2001–2013. General Manager, Europe, in Yoplait, Sodiaal Group 1998–2001. Several management positions in Danone Group 1979–1997. Owns 26 512 R shares in Stora Enso. Hock Goh Member of Stora Enso’s Board of Directors since April 2012.
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Stora Enso Annual Report 2000 [email protected] Stora Enso International Office 9, South Street • London W1K 2XA • U.K
“Stora Enso is the customers’ first choice” ANNUAL REPORT 2000 Contents Year 2000 in brief ............................................................1 Report on operations .....................................................47 Company presentation ....................................................2 Consolidated income statements ...................................51 Mission, vision and values................................................4 Consolidated balance sheets..........................................52 Strategy...........................................................................5 Equity reconciliation ......................................................53 Letter to shareholders ......................................................6 Consolidated cash flow statements ................................54 Shares and shareholders ..................................................8 Notes to the consolidated financial statements ..............56 Financial review .............................................................14 Parent company income statements ..............................89 Magazine paper.............................................................26 Parent company cash flow statements ...........................90 Newsprint......................................................................28 Parent company balance sheets.....................................91 Fine paper .....................................................................30 Parent company notes...................................................92
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Financing of Stora Enso
The financing of Stora Enso A research paper prepared for Friends of the Earth Europe and Friends of the Earth International The financing of Stora Enso A research paper prepared for Friends of the Earth Europe and Friends of the Earth International Final Draft: 6 May 2010 Jan Willem van Gelder Anna van Ojik Profundo Radarweg 60 1043 NT Amsterdam The Netherlands Tel: +31-20-820 83 20 E-mail: [email protected] Website: www.profundo.nl Contents Summary ....................................................................................................................... i Introduction .................................................................................................................. 1 Chapter 1 The financing of Stora Enso ..................................................................... 2 1.1 Short company profile .................................................................................... 2 1.2 Financial structure .......................................................................................... 2 1.3 Shareholders ................................................................................................... 2 1.4 Bondholders .................................................................................................... 4 1.5 Bank loans ....................................................................................................... 4 1.6 Investment banking services ......................................................................... 5 1.7 Other forms of financing ...............................................................................
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Stora Enso 2013
Financial Report Stora Enso 2013 Stora Enso in Brief Contents Stora Enso is the global rethinker of the paper, biomaterials, wood products and packaging industry. We always rethink the Stora Enso in Capital Markets 2 old and expand to the new to offer our customers innovative Debt Investors 9 solutions based on renewable materials. Corporate Governance in Stora Enso 10 Board of Directors 18 The Group has some 28 000 employees in more than 35 Group Leadership Team 20 countries worldwide, and is a publicly traded company listed Report of the Board of Directors 22 in Helsinki and Stockholm. Our customers include publishers, Consolidated Financial Statements 38 printing houses and paper merchants, as well as the packaging, Notes to the Consolidated Financial Statements 44 joinery and construction industries. Note 1 Accounting Principles 44 Note 2 Critical Accounting Estimates and Judgements 53 Our annual production capacity is 5.4 million tonnes of Note 3 Segment Information 55 chemical pulp, 11.7 million tonnes of paper and board, 1.3 Note 4 Acquisitions and Disposals 61 billion square metres of corrugated packaging and 5.6 million Note 5 Other Operating Income and Expense 62 cubic metres of sawn wood products, including 2.9 million Note 6 Staff Costs 63 cubic metres of value-added products. Our sales in 2013 were Note 7 Board and Executive Remuneration 64 EUR 10.5 billion, with an operational EBIT of EUR 578 million. Note 8 Net Financial Items 68 Note 9 Income Taxes 70 Stora Enso uses and develops its expertise in renewable Note 10 Valuation Allowances 72 materials to meet the needs of its customers and many of Note 11 Depreciation and Intangible Assets and Property, today’s global raw material challenges.
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Governance Governance Covers Part of Stora Enso’S Annual Report 2018 Stora Enso’S Governance Policy, Practices, and Actions As Well As Our Remuneration Statement
Strategy Annual Report 2018 Governance Governance covers Part of Stora Enso’s Annual Report 2018 Stora Enso’s governance policy, practices, and actions as well as our remuneration statement. Sustainability Financials Governance Strategy Annual Report 2018 Contents Corporate Governance in Stora Enso 2018 ......................................2 Shareholders’ meetings .........................................................................2 Board of Directors (Board) .....................................................................3 Sustainability Board committees ..................................................................................7 Management of the Company ...............................................................8 Internal control and risk management related to financial reporting ................................................................10 Remuneration Statement ................................................................. 11 Decision-making procedure ................................................................ 11 Main principles of remuneration .......................................................... 11 Remuneration Report 2018 ..................................................................13 Members of the Board of Directors .................................................15 Members of the Group Leadership Team ....................................... 17 Appendix 1 ...........................................................................................20 Financials Governance 2 Stora Enso
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Stora Enso Half Year Financial Report January–June 2021 Q2 Results Summary
Stora Enso Half year financial report January–June 2021 Q2 Results summary Strong performance and solid growth continue Q2/2021 (compared with Q2/2020) Strategy implementation update • Sales increased by 22.6% to EUR 2 592 (2 114) • The ramp-up of kraftliner production line at Oulu is million, due to higher deliveries and prices. Sales proceeding ahead of schedule. excluding Paper increased by 28.4%. • Stora Enso and Tetra Pak partner to provide circular • Operational EBIT increased to EUR 364 (178) million, solutions to the market to significantly improve due to higher prices and volumes, especially in recycling of beverage cartons in Central and Eastern Biomaterials, Wood Products, and Packaging Europe. Materials. Operational EBIT excluding Paper • The feasibility study regarding a possible expansion of increased to EUR 413 (216) million. the pulp and board production at Skoghall is expected • Operational EBIT margin increased to 14.0% (8.4%). to be finalised by the end of 2021. Excluding Paper, the operational EBIT margin was • Dispersion barrier coating started at the Forshaga site, 19.1% (12.9%). and commercial customer qualifications are ongoing. • Items affecting comparability (IAC) amounted to EUR • The pilot plant for carbon for energy storage at Sunila -171 (-7) million, mainly related to restructuring costs started up during the quarter as planned, and in the Paper division. production of Lignode® by Stora Enso is ramping up. • Operating profit (IFRS) decreased to EUR 182 (226) • The co-determination negotiations concerning closing million. down the pulp and paper production at the Veitsiluoto • EPS was EUR 0.26 (0.19) and EPS excl.
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Stora Enso 2010
Rethink Stora Enso 2010 Saving rainforest Find out how Veracel is helping local biodiversity in Brazil. 18 Trees, food and bombs In Laos, business meets corporate social responsibility in a concrete way. 42 A CEO’s diary It appears that leading a company like Stora Enso is far from a tidy office job. 66 A talk with a woodpecker Stora Enso’s sustainability expert Carolina Graça shares her insights. 14 Insert Stora Enso Facts & Figures 2010 Stora Enso—1 Stora Enso Rethink 2010 Editor in chief Lauri Peltola Concept & design Miltton Oy Printing Libris Oy Cover photo Jenni-Justiina Niemi, Visuamo Oy The world needs Stora Enso Oyj P.O. Box 309, FI-00101 Helsinki, Finland Visiting address Kanavaranta 1, tel. +358 2046 131 Stora Enso AB Box 70395, SE-107 24 Stockholm, Sweden Visiting address World Trade Center, Klarabergsviadukten 70, tel. +46 1046 46000 a new approach Rethink www.storaenso.com, [email protected] Contents to materials. Editorial Why do we and you need to rethink? 4 Phenomenon Plastic floats 6 Who knows if one day renewable materials and Stora Enso nanotechnology will be used to build emission free Column The customer always has a choice! 8 R&D Responsible choices 9 vehicles? What we do know is that renewable materials have the power to push things forward. That is why Strategy The magic moment 11 Stora Enso has redefined itself from a European forest company to a renewable materials company operating in Phenomenon Beekeeping in Uruguay 13 growth markets. Find out more about our rethinking: storaenso.com/rethink Interview A talk with a woodpecker 14 Plastic fantasies Plastic is everywhere.
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The Case of Stora Enso Dismissals in Finland
N ORDIC C OUNTRIES September 2008 Nordic Countries Office Stockholm Västmannagatan 4 11124 Stockholm Tel. 004684546592 Fax: 004684546595 email: [email protected] 4 - 2008 Caravan capitalism in the North? – The Case of Stora Enso Dismissals in Finland by Antti Alaja The decision of Nokia to shut down its factory in the city of Bochum caused a wide- reaching political uproar in Germany last year. The concept of caravan capitalism, which was firstly used by the German minister of finance Peer Steinbrück, was consequently also used in the Finnish discussions. The German political protests encouraged thinking in Finland that maybe there are other possibilities than just adjusting to unfair decisions by the companies. In October 2007 the Finnish forest industry giant Stora Enso published its plans to shut down offices and factories in Finland and Sweden. This “case of Stora Enso” has ever since become a controversial and a symbolic theme in the political debates in Finland. A significant reason for this lies behind the fact that the Finnish state is the largest single owner of the company. In many European discourses the Nordic countries are often being portrayed as the winners of globalization, because of their ability to produce economic growth and do well in comparisons that measure economic and social development. The case of Stora Enso proves that globalization, understood here as opening international competition and accelerating industrial restructuring, should be considered to be a contradictory process even in a Nordic country like Finland. Stora Enso dismissals will have negative consequences to a balanced regional development. The limits of employees’ flexibility also limit the possibilities of active labour market policies.
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Sustainable Valueco2 Creation by Pulp & Paper Companies
Sustainable ValueCO2 Creation by Pulp & Paper Companies www.SustainableValue.com Authors Ralf Barkemeyer, Frank Figge, Tobias Hahn, Andrea Liesen and Frank Müller This present survey was funded by the Swedish MISTRA foundation under the umbrella of the research projeĐƚ ͞^ƵƐƚĂŝŶĂďůĞ /ŶǀĞƐƚŵĞŶƚ ZĞƐĞĂƌĐŚ WůĂƚĨŽƌŵ͟ ;^/ZWͿ͕ ƐƵďƉƌŽũĞĐƚ ͞sĂůƵĞ-based ĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚǇĂŶĂůǇƐŝƐŽĨEŽƌĚŝĐĐŽŵƉĂŶŝĞƐ͟. The study was authored by resear- chers of the following institutions: University of Leeds Euromed Management IZT ʹ Institute for Futures Marseille Studies and Technology Sustainability Research Assessment Institute, School of Earth & Domaine de Luminy - Environment BP 921 Schopenhauerstr. 26 13 288 Marseille cedex 9 14129 Berlin Leeds, LS2 9JT France Germany United Kingdom Contact: [email protected] We suggest to cite this report as follows: Barkemeyer, R.; Figge, F.; Hahn, T.; Liesen, A.; & Müller, F. (2011). Sustainable ValueCO2 Creation by Pulp & Paper Companies. Sustainable Value Research: Leeds, Marseille and Berlin. © Leeds, Marseille and Berlin 2011. All rights reserved. Dissemination of this document is free as long as full reference to the authors is made. Title art work: aboutpixel.de / Lesestoff © Rainer Sturm Sustainable ValueCO2 Creation by Pulp & Paper Companies Table of Contents Table of Contents Table of Contents.............................................................................................................. 1 List of Figures and Tables .................................................................................................
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Fischer-Tropsch Diesel (Stora Enso -Yhteistyö)
2nd Stakeholders Plenary Meeting 22 Jan. 2009 Neste Oil – Stora Enso BTL Joint Venture [email protected] Porvoo, Finland www.nesteoil.com Background • 50/50 Joint Venture “NSE Biofuels Oy” to develop technology and produce BTL products fom wood / forestry residues • Investment decision for Demo 2 based on results from Demo1 • Strong development consortium Research & piloting partner Gasifer + reformer pilots Gasification supplier Multiple CFB biomass gasifiers Process engineering Neste Oil / Neste Jacobs Feedstock procurement Sustainability Upgrading, distribution 2 04/12/2008 Neste Oil, Steven Gust Demo 2 Heat & FT water to mill Reform, Forest biomass Dry Gasify F –T Upgrade CFB Shift 1 million m3/a & 100 000 t/a (500 000 dt/a) Clean Stora Enso Neste Oil NSE Biofuels Oy Phase 1 – ”Demo 1” 12 MW • Plant at Stora Enso’s Varkaus mill, Finland, start up 2009 • Gasifier remains after tests to replace fossil fuel in lime kiln Phase 2 – “Demo 2” • Plant ~ 100 000 t/a wax • Stora Enso site and upgrading at Neste Oil refinery Phase 3 – Expansion • Globally 3 04/12/2008 Neste Oil, Steven Gust Demo 1 Gasifier Reform, Drier Shift F –T & Clean 12 MW 5 MW catalyst test 2.5 t/h Drier Gasifier Reformer F-T Shift & Clean Critical + ++ +++ + Technologies Core Technologies + + ++ + Maturity Level +++ ++ + + (biomass) Technology perspective: + = minor impact Maturity level +++ = multiple references 4 04/12/2008 Neste Oil, Steven Gust NSE Biofuels Oy – Varkaus Demonstration Plant Dec. 2008 * Varkaus 5 04/12/2008 Neste Oil, Steven Gust Extra Slide 1 Neste Oil Finnish refining and marketing company Refining capacity ~ 14 Mt/a Sales 2007 EUR 12.1 billion Approximately 5,200 employees Stora Enso Integrated paper, packaging and forest products company 13.1 Mt/a paper and board 7.5 M m3 of processed wood products Sales 2007 EUR 11.8 billion 36 000 employees in > 40 countries 6 04/12/2008 Neste Oil, Steven Gust.
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Stora Enso Optimising Receivables Management Stora Enso Optimising Receivables Management
Customer story Stora Enso Optimising receivables management Stora Enso Optimising receivables management Stora Enso is one of the world’s largest producers of wood, paper, packaging and biomaterials, with more than 26,000 employees in 35 FURTHER countries. The Finnish corporation set out to improve its working capital INFORMATION by removing receivables from the balance sheet. To find out how Nordea can help you implement Like many corporates, Stora Enso’s would have to be efficiently managed and receivables financing in treasury has been focusing on working include some intelligent counterparty risk your business, visit capital management for a number of management if it was to prove a workable NORDEA.COM/EN/OUR- years. Accounts receivables emerged as solution. SERVICES/NORDEAFINANCE/ an important part of the picture, as Kaarlo RECEIVABLESFINANCE/ Höysniemi, VP, Assistant Treasurer at Approach Stora Enso, explains. “In our industry, the A group-wide ERP upgrade in 2014 was standard is for long payment terms, and the catalyst to solve this challenge. “We first SHORTCUTS that puts strain on our balance sheet and needed all our data in one system,” says our cash flow,” he says. “We’re working with Höysniemi. “We became better equipped to To learn more about our customers, suppliers, banks and other enter into this programme when we had all receivable financing providers on a number of ways to speed up our financial building blocks in one place.” and how leading the process, but ultimately revising payment companies are using terms with existing clients is relatively With that foundation in place, Stora Enso it to optimise their difficult to do.
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Annual Report 2008 (PDF)
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