Stora Enso Oyj Financial Statement Release 2020

Q4/2020 (year-on-year)
*Sales decreased by 10.7% to EUR 2 154 (2 411) million, due to structural changes, lower prices and volumes.
*Operational EBIT was EUR 118 (124) million, lower sales were mitigated by efficient cost management.
*Operational EBIT margin increased to 5.5% (5.1%).
*Operating profit (IFRS) decreased to EUR 289 (680) million.
*EPS was EUR 0.30 (0.66) and EPS excl. fair valuations was EUR 0.09 (0.04).
*Cash flow from operations amounted to EUR 436 (725) million. Cash flow after investing activities was EUR 223 (518) million.
*The net debt to operational EBITDA ratio was 2.3 (2.0).
*Operational ROCE excluding Forest division was 4.6% (5.0%).

Year 2020 (year-on-year)
*Sales were EUR 8 553 (10 055) million, mainly due to lower volumes and prices, and structural changes.
*Operational EBIT decreased to EUR 650 (1 003) million, due to lower sales.

Outlook for 2021
Stora Enso resumes an annual outlook even though the uncertainties due to the ongoing pandemic in the global economy are expected to remain in 2021. Provided that the vaccination programmes progress as planned and the virus is contained, there are expectations of economic recovery. Until then, demand for our products remains mixed.
details at: https://www.storaenso.com/en/newsroom/regulatory-and-investor-releases/2021/1/stora-enso-oyj-financial-statement-release-2020

Related Posts

Now the jointly owned biorefinery for biofuel has opened

The jointly owned biorefinery, owned by SCA and St1, is now inaugurated. When fully operational in Gothenburg, the refinery will contribute an annual production of around 200,000 tons of renewable fuel. Mikael Källgren, Business Area Manager for Renewable Energy at SCA, notes that the inauguration marks a new milestone for SCA. The facility is the first where SCA produces renewable vehicle fuel, and SCA's share in the facility is 25 percent. The partnership and production at the facility also mean that SCA's pulp mills will be able to supply tall oil, a by-product from pulp production, for further processing at the new factory. The factory has undergone a start-up phase since the beginning of the year and has now commenced operations to produce sustainable aviation fuels (SAF), biodiesel (HVO), bio-naphtha, and bio-LPG. The inauguration of the refinery in Gothenburg also marks the culmination of a long process where an idea and vision have transformed into a state-of-the-art facility.

Twin Rivers Paper Completes Acquisition of Pine Bluff, Arkansas Paper Mill

Twin Rivers Paper Company LLC announced that it completed the acquisition of the paper mill located in Pine Bluff, Arkansas. Twin Rivers, headquartered in Madawaska, Maine, produces specialty packaging, label, publishing, and technical specialty papers as well as dimensional lumber. It is owned jointly by Atlas Holdings LLC and Blue Wolf Capital. The mill acquired under this agreement produces Multiwall, Converting and Bag grade unbleached kraft papers serving a variety of food, agricultural, and industrial applications. With basis weights between 40# and 78#, the mill has a capacity in excess of 140,000 US short tons. This acquisition marks Twin Rivers’ second investment in packaging and technical markets in recent years, following the purchase of the paper manufacturing assets of the Burrows Corporation in 2016. Click Read More below for additional information.
Back To Top
×Close search
Search