Stora Enso has received regulatory approval from the EU Commission to proceed with the acquisition of De Jong Packaging Group, announced in September 2022. Closure of the transaction is still ongoing and expected to be finalised at the beginning of 2023.
https://www.storaenso.com/en/newsroom/regulatory-and-investor-releases/2022/12/stora-enso-received-approval-for-the-acquisition-of-de-jong-packaging-group
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Q4/2023 (year-on-year) • Sales decreased by 24% to EUR 2,174 (2,864) million. • Operational EBIT decreased to EUR 51 (355) million. • Operational EBIT margin decreased to 2.3% (12.4%). Full year 2023 (year-on-year) • Sales were EUR 9,396 (11,680) million. • Operational EBIT was EUR 342 (1,891) million. • Operating result (IFRS) was EUR -322 (2,009) million. • Operational ROCE (last 12 months) excluding the Forest division decreased to 1.0% (20.4%), the target being above 13%.
In the middle of May, more than 400 guests from all over the world attended the Packaging Day hosted by Heidelberger Druckmaschinen AG (Heidelberg) at the Wiesloch-Walldorf site. Under the slogan “Think out of the Box”, they witnessed the premiere of the Primefire 106 – what up until then was only available to see in customers’ print shops and in the laboratory environment is now also installed in the Print Media Center Packaging, and thus completes the extensive demo range in the world’s biggest demo center for packaging solutions. Heidelberg is the only manufacturer to integrate offset and digital printing including finishing via the Prinect workflow, and is opening up new business models for packaging printing. The Packaging Day offered the visitors a platform for getting new ideas and inspiration for their current and future business models. Three information tours – “Packaging as you like”, “Operational Excellence”, and “Special Applications” – addressed the trends in the industry and provided a comprehensive presentation of the corresponding solution from Heidelberg. Click Read More below for additional information.
SECOND QUARTER 2022 HIGHLIGHTS Second quarter net earnings attributable to International Paper of $511 million compared with $360 million in the first quarter of 2022 and $432 millionin the second quarter of 2021. 13% year-over-year revenue growth $65 million of earnings achieved from Building a Better IP initiatives, bringing year-to-date to $105 million Cash provided by operations of $390 million, bringing year-to-date to $978 million Returned $565 million to shareholders through share repurchases of $395 million and dividends of $170 million in the second quarter, bringing year-to-date to $1.1 billion