Welcome to our dedicated page for Stora Enso news (Ticker: SEOAY), a resource for investors and traders seeking the latest updates and insights on Stora Enso stock.
Stora Enso Oyj ADR R SH reports corporate developments tied to the parent company’s renewable materials and packaging strategy. Recurring updates cover segment reporting for Consumer Packaging, Integrated Packaging, Biomaterials, and Other, including wood, energy, forest-asset, and biobased growth activities within the group’s reporting structure.
Company releases also address annual and sustainability reporting, AGM notices and resolutions, shareholder voting matters, board remuneration, dividend decisions, capital-structure disclosures involving Stora Enso R shares, and governance under Finnish listed-company practices. Operating and financial updates are framed through the group’s reporting segments and formal annual-report materials.
Stora Enso has announced its Annual General Meeting (AGM) to be held on March 20, 2025, at Marina Congress Center in Helsinki, Finland. Key points include:
The Board proposes a dividend of EUR 0.25 per share, to be paid in two installments: EUR 0.13 on April 2, 2025, and EUR 0.12 on October 2, 2025. The company's distributable capital as of December 31, 2024, was EUR 1.44 billion.
The Shareholders' Nomination Board proposes increasing Board members' remuneration by 3%, with the Chair to receive EUR 221,728, Vice Chair EUR 125,186, and members EUR 85,933. The Board will have nine members, with Elena Scaltritti and Antti Vasara proposed as new members.
The Board seeks authorization to repurchase up to 2,000,000 R shares (approximately 0.25% of all shares) for incentive and remuneration schemes.
Stora Enso has announced the conversion of 450 A shares into R shares during the December 2024 conversion period. The converted shares were recorded in the Finnish trade register on January 15, 2025, with trading of the new R shares commencing on January 16, 2025.
Following the conversion, the company's share structure stands at 175,663,629 A shares and 612,956,358 R shares, totaling 788,619,987 shares. Each A share carries one vote, while ten R shares are required for one vote, resulting in a total of at least 236,959,264 votes.
Stora Enso, a leading provider of renewable products in packaging, biomaterials, and wooden construction, reported sales of EUR 9.4 billion in 2023 and employs approximately 20,000 people. The company's shares are listed on Nasdaq Helsinki, Nasdaq Stockholm, and traded in the USA on OTC Markets.
Stora Enso Oyj announced that BlackRock, Inc.'s holding in the company's shares decreased below the 5% threshold on December 26, 2024. The previous position showed BlackRock holding 4.76% shares with 0.27% through financial instruments, totaling 5.04%. The company has two share series: 175,664,079 A shares and 612,955,908 R shares, with a total of 788,619,987 shares. Each A share and every ten R shares carry one vote, resulting in at least 236,959,669 total votes.
BlackRock's holdings include various financial instruments such as American Depositary Receipts, securities lent, and CFDs. Stora Enso is listed on Nasdaq Helsinki (STEAV, STERV), Nasdaq Stockholm (STE A, STE R), and trades in OTC Markets as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF).
Stora Enso Oyj announced that BlackRock, Inc's holding in the company's shares decreased below the 5% threshold on December 25, 2024. The resulting situation shows BlackRock holding 4.76% of shares directly through 37,609,170 shares, and an additional 0.27% through financial instruments, totaling 5.04% of shares with voting rights below 5%.
The financial instruments include American Depositary Receipts (596,930 shares), Securities lent (1,036,720 shares), and CFDs (563,510 shares), totaling 2,197,160 shares. Stora Enso has two share series: 175,664,079 A shares and 612,955,908 R shares, with a total of 788,619,987 shares and at least 236,959,669 total votes.
Stora Enso Oyj announced that BlackRock, Inc's holding in the company's shares decreased below the 5% threshold on December 24, 2024. The previous position showed BlackRock holding 4.92% shares and 0.14% through financial instruments, totaling 5.06% of shares with voting rights below 5%.
The company has two share series: 175,664,079 A shares and 612,955,908 R shares, with each A share and every ten R shares carrying one vote. The total number of shares is 788,619,987 with at least 236,959,669 total votes. Stora Enso is a leading provider of renewable products in packaging, biomaterials, and wooden construction, with approximately 20,000 employees and sales of EUR 9.4 billion in 2023.
The Shareholders' Nomination Board of Stora Enso has announced its proposals for the Annual General Meeting scheduled for March 20, 2025. The board recommends maintaining nine members, with seven current members proposed for re-election and two new members, Elena Scaltritti and Antti Vasara, to be elected. The board proposes Kari Jordan as Chair and Håkan Buskhe as Vice Chair.
The proposal includes a 3% increase in annual remuneration for board positions, with the Chair to receive EUR 221,728, Vice Chair EUR 125,186, and Members EUR 85,933. 40% of the remuneration will be paid in Stora Enso R shares. Committee remuneration is also set to increase by 3%.
Stora Enso has announced two new share-based incentive plans for key employees, targeting approximately 300 employees with a maximum plan opportunity of EUR 20 million. The plans include the Performance Share Plan 2025-2027 and Restricted Share Unit Plan 2025-2027.
The Performance Share Plan's rewards will be based on earnings per share, total shareholder return, CO2 emission reduction, and gender balance in managerial positions. The Restricted Share Unit Plan will run until December 31, 2027. Both plans will deliver rewards in Stora Enso R shares and cash, with the cash portion covering taxes and social security contributions.
Group Leadership Team members are expected to maintain company shares valued at their gross salary during their membership.
Stora Enso has announced the payment of its second dividend instalment of EUR 0.10 per share for 2023, following the authorization granted by the Annual General Meeting on March 20, 2024. The record date is set for December 13, 2024, with payment scheduled for December 20, 2024. This follows the first dividend instalment of EUR 0.10 paid on April 4, 2024.
The company, a leading provider of renewable products with sales of EUR 9.4 billion in 2023, will process payments through Euroclear Finland Oy and Euroclear Sweden AB. Shareholders registered in Sweden will receive payments in Swedish krona, while ADR holders will receive payments in US dollars through Citibank N.A.
Stora Enso reported strong Q3/2024 performance with sales increasing 6% to EUR 2,261 million and adjusted EBIT rising to EUR 175 million from EUR 21 million year-over-year. The company's adjusted EBIT margin improved to 7.8% from 1.0%. Key developments include progress in value creation and profit improvement programs, with fixed cost savings of EUR 120 million targeted for 2025. The company plans to sell 12% of its Swedish forest assets to reduce debt. Despite positive Q3 results, Stora Enso anticipates slower market recovery for Q4 due to weak consumer board demand, corrugated board overcapacity, and ongoing construction sector weakness. The company maintains its guidance for significantly higher full-year 2024 adjusted EBIT compared to 2023.
Stora Enso has decided to halt the divestment process of its Beihai packaging board production site and forestry business in China, which was announced in December 2022. The company believes the value of keeping the assets exceeds potential sale value. The site will focus on operational excellence, cost optimization, and increasing production of liquid packaging board and premium grades. Stora Enso owns 80% of the Beihai operations, with local partners and IFC holding the remainder. The decision will impact financial reporting, with adjusted EBIT and IFRS operating results decreasing by EUR 7.5 million per quarter, totaling EUR 30 million for 2024, due to previously suspended depreciation.