Jutta Mikkola will start her new role on 22 May and report to Niclas Rosenlew, Chief Financial Officer at Stora Enso.
Stora Enso
In connection with the transaction, Stora Enso and the divested entity will enter into a 15-year wood supply agreement with a possible additional 15-year extension. This will secure wood availability for Stora Enso’s Swedish business units.
The new board is designed to meet the growing demand for renewable, recyclable, and efficient packaging solutions in segments such as dry, frozen, and chilled food, chocolate, and confectionery.
Annual wood procurement in Finland rises by 1.7 million m3 after Oulu sawmill integration.
Adjusted EBIT increased, for the fourth consecutive quarter compared year-on-year, to Euro 175 million. Adjusted EBIT margin increased to 7.4%.
The Group’s renewable packaging business will consist of four business areas: Food Service and Liquid Board, Cartonboard, Containerboard, and Packaging Solutions. The Group’s remaining businesses continue to be divided into three P&L responsible business areas: Biomaterials, Wood Products and Forest.
Stora Enso has obtained unconditional clearance from the Finnish competition authority to acquire sawmill operator Junnikkala.
Company cites high electricity and raw material costs as key challenges for sustaining operations.
New production line aims for Euro 800 million in annual sales by 2027, reaching EBITDA breakeven by end of 2025.
Sawmills struggle with poor margins as timber prices surge and supply tightens.
Through this collaboration, Stora Enso reinforces its role in the sustainable battery ecosystem, showcasing how bio-based materials can power the future of European energy storage.