Stora Enso Q2/2021 – Strong Performance and Solid Growth Continue

• Sales increased by 22.6% to EUR 2 592 (2 114) million, due to higher deliveries and prices. Sales excluding Paper increased by 28.4%.
• Operational EBIT increased to EUR 364 (178) million, due to higher prices and volumes, especially in Biomaterials, Wood Products, and Packaging Materials. Operational EBIT excluding Paper increased to EUR 413 (216) million.
• Operational EBIT margin increased to 14.0% (8.4%). Excluding Paper, the operational EBIT margin was 19.1% (12.9%
• The value of forest assets, including leased land and Stora Enso’s share of Tornator, increased to EUR 7.4 (5.4) billion. The forest valuation method was changed in Q4/2020 to market based valuation in Sweden.
• Strong cash flow from operations amounted to EUR 463 (363) million. Cash flow after investing activities was EUR 339 (239) million.
• Net debt decreased by EUR 314 million to EUR 2 975 (3 289) million.

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