Half Year 2026 Stora Enso Oyj Earnings Call Transcript
Key Points
- Stora Enso Oyj (SEOAY) reported a 27% increase in adjusted EBIT to EUR160 million, reflecting improved operational performance and disciplined cost management.
- The company received positive feedback on product quality and service, particularly in consumer packaging, which contributed to stronger customer relationships and faster-than-market growth.
- Stora Enso Oyj (SEOAY) continued to optimize its portfolio, including investments in fluff pulp capacity at Skutskar and the closure of a less competitive production line.
- The ramp-up of the new consumer board line in Oulu showed positive development, with improvements in production stability, technical runnability, and operational efficiency.
- The company maintained a strong focus on innovation, quality, and sustainability, with initiatives like the Circularity Plan and achieving FSSC 22,000 food safety certification for the Oulu business unit.
- Stora Enso Oyj (SEOAY) faced unfavorable foreign exchange rate impacts and pressure on price and demand, affecting overall profitability.
- The company experienced increased costs related to logistics, energy, and chemicals due to geopolitical tensions, impacting margins.
- Changes in EU ETS rules resulted in the loss of over EUR50 million of free CO2 allowance allocations, affecting cost structure.
- The ramp-up of the new consumer board line in Oulu continued to affect short-term profitability, despite operational progress.
- The Central European sawmills faced margin pressure due to increased sawlog costs, despite declining solo costs.
Hello everyone. My name is Jutta Mikkola and as Head of Investor Relations at Stora Enso, I'm pleased to welcome in the middle of the summer to our second quarter results presentation. I'm happy to have Hans Sohlstrom, our President and CEO, and Niclas Rosenlew, our CFO, with me here today.
This quarter, our main theme was optimizing our portfolio and driving results through our own actions. That captures well the progress we have made, both in executing our strategy and optimizing our portfolio.
Today, we will follow our usual agenda, starting with strategy updates, followed by a financial review and concluding with the key takeaways. After the presentation, we will be happy to take your questions.
Thank you for joining us. Hans, the floor is yours.
Thank you, Jutta, and hello, everyone. Great to have you with us. The second quarter marked another period of disciplined execution in a volatile market
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