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Stora Enso Oyj (SEOAY.PQ)

SEOAY.PQ on OTC Markets Group

11.67USD
28 Feb 2020
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Latest Key Developments (Source: Significant Developments)

Stora Enso To Lay Off 33 People In Package Carton Factory
Wednesday, 19 Feb 2020 

Feb 19 (Reuters) - Stora Enso Oyj ::COOPERATION NEGOTIATIONS IN VARKAUS ENDED.COOPERATION NEGOTIATIONS LED TO PERSONNEL REDUCTION OF 33 PEOPLE IN PACKAGE CARTON FACTORY.  Full Article

Stora Enso CEO Says Has Not Seen Impact From Corona Virus
Thursday, 30 Jan 2020 

Jan 30 (Reuters) - Stora Enso Oyj ::CEO SAYS HAS NOT SEEN IMPACT FROM CORONA VIRUS, EVALUATING POSSIBLE IMPACT ON DEMAND IN CHINA.CEO SAYS WE HAVE ACHIEVED TARGETS IN CONSUMERBOARD PRICE TALKS WITH KEY CLIENTS.  Full Article

Stora Enso Increases IFRS Fair Value Of Its Forest Assets
Wednesday, 22 Jan 2020 

Jan 22 (Reuters) - Stora Enso Oyj ::STORA ENSO INCREASES THE IFRS FAIR VALUE OF ITS FOREST ASSETS.FOREST FAIR VALUE IMPACT IN BALANCE SHEET WAS A POSITIVE EUR 777 MILLION PRE-TAX AT END OF 2019.FAIR VALUE OF PRODUCTIVE FOREST LAND IN SWEDEN, INCLUDING ABOVE-MENTIONED INCREASE, WAS 3 020 EUROS PER HECTARE ON 31 DECEMBER 2019.FAIR VALUATIONS AND NON-OPERATIONAL ITEMS HAD A POSITIVE NET IMPACT OF EUR 600 MILLION ON STORA ENSO'S IFRS OPERATING PROFIT IN Q4 OF 2019.  Full Article

Stora Enso Divests Pfarrkirchen Mill
Wednesday, 8 Jan 2020 

Jan 8 (Reuters) - Stora Enso Oyj ::STORA ENSO DIVESTS ITS PFARRKIRCHEN MILL.IMPACT ON STORA ENSO'S OPERATIONAL EBIT AND NET DEBT WILL NOT BE MATERIAL.DIVESTMENT IS EXPECTED TO REDUCE STORA ENSO'S ANNUAL SALES BY EUR 40 MILLION.TRANSACTION IS EXPECTED TO BE COMPLETED IN Q1 OF 2020.IT WILL ALSO REDUCE STORA ENSO'S KVH PRODUCTION CAPACITY BY APPROXIMATELY 145 000 M(3).  Full Article

Stora Enso Invests In Pilot Plant For Bio-based Plastic Packaging Material
Tuesday, 10 Dec 2019 

Dec 10 (Reuters) - Stora Enso Oyj ::STORA ENSO INVESTS IN PILOT PLANT FOR BIO-BASED PLASTIC PACKAGING MATERIAL.IS INVESTING EUR 9 MILLION TO BUILD A PILOT FACILITY FOR ENABLING PRODUCTION OF BIO-BASED PLASTICS AS BARRIER IN TRANSPARENT PACKAGING.INVESTMENT IN BIO-BASED CHEMISTRY FURTHER STRENGTHENS STORA ENSO'S OPPORTUNITIES TO REPLACE FOSSIL-BASED MATERIALS WITH RENEWABLE AND RECYCLABLE MATERIALS.PILOT PLANT INVESTMENT WILL NOT IMPACT MILL'S PAPER PRODUCTION.  Full Article

Changes To Stora Enso's Consumer Board And Packaging Solutions Divisions
Wednesday, 4 Dec 2019 

Dec 4 (Reuters) - Stora Enso Oyj ::CHANGES TO STORA ENSO'S CONSUMER BOARD AND PACKAGING SOLUTIONS DIVISIONS.MERGING ITS CONTAINER BOARD BUSINESS IN PACKAGING SOLUTIONS DIVISION WITH CONSUMER BOARD DIVISION, CREATING A NEW PACKAGING MATERIALS DIVISION.REMAINING BUSINESS IN PACKAGING SOLUTIONS TOGETHER WITH STORA ENSO'S RECENTLY CREATED FORMED FIBER UNIT, WILL CONSTITUTE A MORE FOCUSED PACKAGING SOLUTIONS DIVISION.CHANGE IS EFFECTIVE AS OF 1 JANUARY 2020.RESTATED FIGURES FOR NEW DIVISIONAL STRUCTURE WILL BE PUBLISHED DURING Q1 OF 2020.FOR PACKAGING SOLUTIONS, WE ARE INCREASING OUR FOCUS ON GROWING NEW SERVICES AND PACKAGING SOLUTIONS AS WELL AS INNOVATION COLLABORATIONS FOR DEVELOPING NEW RENEWABLE PACKAGING.  Full Article

Stora Enso Starts Cooperation Negotiations At Mill In Varkaus
Monday, 2 Dec 2019 

Dec 2 (Reuters) - Stora Enso ::STORA ENSO BEGINS CO-OPERATION NEGOTIATIONS AT PACKAGING BOARD MILL IN VARKAUS, FINLAND.NEGOTIATIONS MAY LEAD TO REDUCTION OF UP TO 40 MAN-YEARS.NEGOTIATIONS CONCERN ENTIRE PERSONNEL OF THE MILL, TOTAL OF 226 PEOPLE.UNIT EFORA WILL ALSO START CO-OPERATION NEGOTIATIONS WHICH ARE EXPECTED TO LEAD TO REDUCTION OF UP TO 15 MAN-YEARS.REASON FOR NEGOTIATIONS IS THE NEED TO REORGANIZE MILL'S OPERATIONS IN ORDER TO INCREASE COST EFFICIENCY AND ENSURE INTERNATIONAL COMPETITIVENESS.MEASURES ARE PART OF COMPANY'S ONGOING PROFIT PROTECTION PROGRAMME.  Full Article

Stora Enso Starts Cooperation With Atos
Tuesday, 12 Nov 2019 

Nov 12 (Reuters) - Stora Enso Oyj ::STARTS COOPERATION WITH ATOS.  Full Article

Atos And Stora Enso Enter Partnership To Deliver RFID Services
Tuesday, 12 Nov 2019 

Nov 12 (Reuters) - ATOS SE ::ATOS AND STORA ENSO JOIN FORCES TO BRING SUSTAINABLE AUTOMATED NEW RETAIL SOLUTIONS TO MARKET.  Full Article

Stora Enso CEO Says Pulp Prices At Bottom This Qtr Or Next
Tuesday, 29 Oct 2019 

Oct 29 (Reuters) - Stora Enso Oyj ::Stora Enso Ceo Sees Lowest Point In Pulp Prices In Q4 2019-Q1 2020, Sees Prices Recovering In H1 2020.Stora Enso Ceo Says Will Reach Roughly 200 Million Eur Cost Savings Target By End 2020, Additional 75 Million In 2021.Stora Enso Cfo Says Main Reasons For Q4 Guidance Coming From Weaker Pulp And Paper Prices.Stora Enso Ceo Says Believes China Pulp Inventories Are Decreasing.Stora Enso Ceo Says Sees No Improvement In European Pulp Demand In Q4.  Full Article

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