Stora Enso Oyj Interim Report January–March 2023

• Sales decreased by 3% to EUR 2,721 (2,798) million.
• Operational EBIT decreased by 53% to EUR 234 (503) million.
• Operational EBIT margin decreased to 8.6% (18.0%).
• Operating profit (IFRS) decreased to EUR 258 (394) million.
• Cash flow from operations amounted to EUR 254 (403) million. Cash flow after investing activities was EUR 1 (224) million.

Key highlights
• The acquisition of the Dutch De Jong Packaging Group was completed on 6 January 2023.
• The Paper division was discontinued as of 1 January
• The plan to divest of the Beihai site in China is proceeding according to plan.
• The consumer board investment at the Oulu site in Finland is moving ahead according to schedule. Construction estimated to start during 2024, start of production expected during 2025.
• Continued actions on Group CO2e reduction for scope 1 and 2 have resulted in a 32% decrease from the 2019 baseline.
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