Forest Land Divestment
Stora Enso completed the divestment of approximately 175,000 hectares of forest land in Sweden, representing 12.4% of its total forest holdings, with an enterprise value of SEK 9.8 billion (approximately EUR 900 million), strengthening the balance sheet.
Cash Flow and Debt Reduction
The divestment improved cash flow and reduced net debt by almost EUR 800 million, bringing net debt to EUR 3.2 billion, with a net debt to EBITDA ratio of 2.7x.
Cost-Saving Initiatives
Implemented cost-saving programs totaling over EUR 230 million, with significant reductions in fixed costs by EUR 30 million and operational efficiency improvements.
Sustainability Achievements
Launched a science-based framework with IUCN to advance nature-positive forestry practices and received the Red Dot Design Award for sustainable design and innovation.
Packaging Board Line Ramp-Up
Stora Enso's new consumer packaging board line at the Oulu site in Finland continues to ramp-up, aiming for EBITDA breakeven by the end of 2025.