First Quarter Highlights *Record operating income and adjusted earnings per share, driven by double-digit earnings growth in both segments. *Consolidated sales increase 1 percent (8 percent on a constant currency basis). *Earnings per diluted share of $0.95 up 20 percent compared with adjusted earnings per share of $0.79 in 2014. Prior year adjusted E.P.S. excluded $0.01 for restructuring costs. *Initial dividend paid at the previously announced increased quarterly rate of $0.30 per share.
Stora Enso has appointed Annica Bresky as Executive Vice President, Consumer Board division and member of the Group Leadership Team. Annica Bresky is currently the President and CEO of Iggesund Paperboard AB, part of the Swedish Holmen Group. Previously she has worked as Mill Director at BillerudKorsnäs AB. She has also worked at Stora Enso’s Kvarnsveden Mill in 2001‒2010 holding engineering and superintendent positions.
Annica Bresky holds a M.Sc degree in engineering from Uppsala University and an Executive MBA from M-gruppen. She will join Stora Enso at the latest by 1 May 2017 and be based in Stockholm. Stora Enso’s CEO Karl-Henrik Sundström will act as head of the Consumer Board division until Annica Bresky starts.
“Annica Bresky is a perfect match for our opportunities in the Consumer Board division. Her extensive experience both in production and leadership positions forms a solid background for her to take one of our growth businesses into the future. Annica has worked several years for Stora Enso in the past, so I’d like to welcome her back,” says Stora Enso’s CEO Karl-Henrik Sundström.
Stora Enso’s previous head of Consumer Board division, Jari Latvanen, has started as CEO of HKScan, as announced in May 2016.