January–September 2022 (compared to 1–9/2021) *Sales were EUR 1,879.7 million (1,565.6). *The comparable operating result was EUR 420.0 million (295.3), or 22.3% of sales (18.9). Operating result was EUR 436.8 million (285.0). *Comparable earnings per share were EUR 0.90 (0.65), and earnings per share were EUR 0.94 (0.63). *Comparable return on capital employed was 23.0% (19.4). *Net cash flow from operations was EUR 161.7 million (209.8). July–September 2022 (compared to 7–9/2021) *Sales were EUR 647.3 million (516.1). *The comparable operating result was EUR 152.5 million (104.0), or 23.6% (20.1) of sales. Operating result was EUR 153.4 million (99.4). *Comparable earnings per share were EUR 0.33 (0.23), and earnings per share were EUR 0.33 (0.22). *Comparable return on capital employed was 24.7% (19.1). *Net cash flow from operations was EUR 66.4 million (59.1).
Packaging Europe has revealed the finalists of this year’s Sustainability Awards. Stora Enso’s Papira® has been recognised in the pre-commercialised ‘Renewables’ category. Winners of this category will be announced in Amsterdam on 14 November 2022.
“Packaging waste, climate change and other environmental crises demand an urgent and joined up response from the CPG [consumer packaged goods] community. The Sustainability Awards sets the agenda on best practice, turns the spotlight on the most important areas of R&D, and helps separate greenwash from the innovations that make a genuine difference. This year’s competition has introduced five new Pre-Commercialized categories, dedicated to showcasing the most important areas of emerging innovation that will hit the market in the years to come. Among the categories for commercialized products and initiatives, there are two new categories: ‘Climate’ and ‘Renewables’” – Packaging Europe.
At Stora Enso, our approach to innovation combines our capabilities with renewable materials to drive change towards a more sustainable future. We address trends that affect our customers and end-consumers, while advancing solutions to reduce dependence on fossil-based materials. One of these innovations is Papira® by Stora Enso.
Papira is a natural, bio-based and recyclable alternative, ideal for protective and cushioning applications in packaging. This lightweight and shock absorbent foam material is made from pulp fibers. With Papira, you can forget fossil-based foams and ensure that your packaging is renewable, biodegradable and fully recyclable in currently existing paper and board steams.
Papira is currently in pilot stage and isn’t commercially available yet. The performance of Papira in packaging applications is being tested in our ISTA® certified lab. Our ambition is to make Papira the new standard in protective packaging and a long-term solution for your circular profile.