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Stora Enso Oyj (STERV.HE)

STERV.HE on Helsinki Stock Exchange

13.78EUR
18 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Stora Enso Invests 7 Mln Euros In Biocomposites In Sweden
Wednesday, 15 Aug 2018 

Aug 15 (Reuters) - Stora Enso Oyj ::STORA ENSO INVESTS IN BUILDING A COMPETENCE CENTRE AND DIVERSIFYING THE RAW MATERIAL BASE FOR BIOCOMPOSITES.SAYS INVESTMENT VALUE IS EUR 7 MILLION.  Full Article

Stora Enso CEO Says Q3 Guidance Is "Conservative"
Friday, 20 Jul 2018 

July 20 (Reuters) - Stora Enso Oyj ::STORA ENSO CEO SAYS Q3 GUIDANCE IS PROBABLY ON "CONSERVATIVE SIDE".  Full Article

Stora Enso CFO Says Production Problems Will Not Go On
Friday, 20 Jul 2018 

July 20 (Reuters) - Stora Enso Oyj ::STORA ENSO CFO SAYS PRODUCTION CHALLENGES AT SKOGHALL AND IMATRA, HARVESTING PROBLEMS HAD A NEGATIVE IMPACT OF 12 MILLION EUROS IN CONSUMER BOARD UNIT IN Q2.STORA ENSO CFO SEPPO PARVI TELLS REUTERS THAT Q2 PROBLEMS AT FACTORIES WERE "TEMPORARY HICCUPS" THAT ARE FIXED AND LEFT BEHIND NOW.  Full Article

Stora Enso Shares Rise On Higher Than Expected Q1 Results
Friday, 13 Apr 2018 

April 13 (Reuters) - Stora Enso Oyj ::SHARES RISE 6 PERCENT ON HIGHER THAN EXPECTED Q1 RESULTS.  Full Article

Stora Enso Posts Higher Than Expected Q1 Profit
Friday, 13 Apr 2018 

April 13 (Reuters) - Stora Enso Oyj ::STORA ENSO'S FIRST QUARTER 2018 OPERATIONAL EBIT HIGHER THAN EXPECTED AT EUR 369 MILLION.SAYS SALES FOR Q1 OF 2018, AMOUNTING TO APPROXIMATELY EUR 2 579 MILLION, WERE SIMILAR TO Q4 2017 SALES OF EUR 2 511 MILLION.SAYS RESULT WAS BETTER THAN EXPECTED, MAINLY DUE TO GOOD PRICING ENVIRONMENT IN PAPER AND CONTAINERBOARD (PACKAGING SOLUTIONS), HIGHER VOLUMES AT CONSUMER BOARD DIVISION'S EUROPEAN MILLS AND CONTINUED STRONG OPERATIONAL PERFORMANCE.SAYS Q2 2018 SALES ARE ESTIMATED TO BE SIMILAR TO OR SLIGHTLY HIGHER THAN AMOUNT OF APPROXIMATELY EUR 2 579 MILLION RECORDED IN Q1 AND OPERATIONAL EBIT IS EXPECTED TO BE IN LINE WITH OR SOMEWHAT LOWER THAN APPROXIMATELY EUR 369 MILLION RECORDED IN Q1.SAYS IMPACT OF ANNUAL MAINTENANCE SHUTDOWNS IS EXPECTED TO BE APPROXIMATELY EUR 40 MILLION HIGHER THAN IN Q1 OF 2018.  Full Article

Insplorion Secures External Financing Of Up To SEK 60 Million
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Insplorion Ab ::INSPLORION SECURES EXTERNAL FINANCING OF UP TO SEK 60 MILLION FOR ACCELERATED COMMERCIALIZATION OF THE BATTERY SENSOR.‍CAPITAL WILL BE USED FOR ACCELERATED COMMERCIALIZATION OF COMPANY'S BATTERY SENSOR​.  Full Article

Stora Refinances Its Revolving Credit Facility
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Stora Enso Oyj ::STORA ENSO REFINANCES ITS REVOLVING CREDIT FACILITY.SAYS ‍HAS SIGNED A NEW EUR 600 MILLION REVOLVING CREDIT FACILITY AGREEMENT WITH A SYNDICATE OF 13 BANKS TO REFINANCE ITS EXISTING EUR 700 MILLION FACILITY​.SAYS ‍NEW FACILITY MATURES IN JANUARY 2023 AND WILL BE USED AS A BACKUP FOR GENERAL CORPORATE PURPOSES​.  Full Article

Stora Enso intends to buy Bergvik Skog forest assets
Monday, 27 Nov 2017 

Nov 27 (Reuters) - STORA ENSO OYJ ::STORA ENSO ANNOUNCES INTENT TO ACQUIRE FOREST ASSETS IN CONJUNCTION WITH PLANNED STRUCTURAL CHANGES IN BERGVIK SKOG AB.‍TRANSACTION WOULD RESULT IN A CASH OUT EFFECT OF EUR 250-300 MILLION​.‍STORA ENSO'S CURRENT DEBT WOULD INCREASE BY APPROXIMATELY EUR 800 MILLION​.‍NET DEBT TO EBITDA RATIO WOULD INCREASE BY APPROXIMATELY 0.6.​.‍FINAL AGREEMENTS ARE CURRENTLY UNDER NEGOTIATIONS BETWEEN PARTIES​.‍AIM IS TO INITIATE TRANSACTIONS DURING FIRST HALF OF 2018​.‍CAPITAL EMPLOYED WOULD INCREASE BY ABOUT EUR 1 BILLION, RESULTING IN A DECREASE IN ROCE OF ABOUT 1%-POINT​.  Full Article

Stora Enso divests sheeting centre business in Germany
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - Stora Enso Oyj :Says to divest its sheeting centre business in Baienfurt, Germany, to Finnish converting firm Pyroll.Says ‍transaction is expected to be completed during Q1 of 2018​.Says divestment ‍not expected to have any significant effect on net debt or financials.Says sheeting centre employs approximately 60 people and had sales of 15 million euros ($17.61 million) in 2016.  Full Article

Stora Enso says in 2018, estimated capital expenditure to be EUR 550–600 mln
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Stora Enso Oyj - :Stora Enso introduces change in operational ebitda definition, higher strategic target for wood products division and capex for 2018.In 2018, estimated capital expenditure will be EUR 550–600 million, including eur 100 million for biological assets.Forecasted annual depreciation is EUR 490–510 million and operational decrease in value of biological assets EUR 50–70 million in 2018.  Full Article

UPDATE 1-Pulp and paper maker UPM expects strong profit growth in H2

HELSINKI, July 24 Finnish pulp and paper maker UPM on Tuesday reported a 24 percent rise in second quarter profit and said it expected earnings growth in the second half of the year versus the first helped by higher prices and less maintenance.