Full Year 2025 Stora Enso Oyj Earnings Call Transcript

Feb 4, 2026 / 09:00 AM GMT

Release Date Price: €10.51 (+7.24%)

Transcript

Key Points

Positve

Stora Enso Oyj (SEOAY) completed a strategic review of its Swedish forest assets, marking a major milestone and beginning the separation into two strong companies.
The company delivered resilient results with sales of €9.3 billion and EBIT of €528 million despite a challenging environment.
Net debt to adjusted EBITDA improved to 2.8 times, supported by the divestment of Swedish forest land valued at €900 million.
Stora Enso Oyj (SEOAY) achieved strong progress on sustainability targets, reducing scope one and two emissions by 61% from the 2019 base year.
The company introduced new financial targets and strategic priorities, including a focus on customer value creation and expanding margins.

Negative

The ramp-up of the Oulu site negatively impacted earnings by €140 million during the year.
Biomaterials segment faced challenges due to significantly lower pulp prices, affecting profitability.
Market headwinds such as lower pulp prices and higher wood costs posed challenges, with wood costs being a €900 million annual headwind compared to 2021.
The company anticipates continued market volatility and subdued conditions in 2026 due to macroeconomic and geopolitical uncertainties.
There is a potential headwind from lower income from the sale of emissions certificates, mainly affecting the biomaterials segment.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

STERV.HE - Stora Enso Oyj
Full Year 2025 Stora Enso Oyj Earnings Call
Feb 04, 2026 / 09:00AM GMT

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Presentation
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Hello everyone and welcome to Sturo Anzos Q4 and full year results presentation.

I'm Yutta Mikola, head of investor relations, and I'm delighted to be joined here today with our President and CEO Hans Solstrom and our CFO Nicholas Rosen Lev.

We're kicking off the webcast with our clear theme, sharpened strategic focus. It reflects the works we've done throughout 2025.

And the momentum we are carrying into 2026.

Today we'll start with Hans, who will walk you through the key highlights and our strategic priorities.

After that, Nicholas will take you through our financial performance and we'll close with the main takeaways and what's ahead of us in 2026.

Once we've covered everything

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