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 Corp (SEOAY) provides renewable solutions through fiber-based packaging, biomaterials, and wooden construction products. This news hub offers investors and industry professionals timely updates on the company's sustainable initiatives and market developments.
Access official press releases covering earnings reports, product innovations, and strategic partnerships. Our curated collection includes updates on sustainable forestry practices, circular economy advancements, and operational efficiency improvements within the bioeconomy sector.
Key content areas feature developments in recyclable packaging technologies, biomass conversion processes, and cross-laminated timber applications. Stay informed about regulatory compliance updates and environmental stewardship milestones that reinforce Stora Enso's position as a sustainability leader.
Bookmark this page for consolidated access to verified information about one of Europe's largest private forest owners. Check regularly for insights into how SEOAY balances ecological responsibility with industrial innovation across 30+ countries.
On May 17, 2024, Stora Enso announced that CFO and Deputy CEO Seppo Parvi will leave the company during Q4 2024 to join a company outside the forest industry. Parvi, who joined in 2014, has been pivotal in transforming Stora Enso into a leader in renewable materials. President and CEO Hans Sohlström expressed gratitude for Parvi’s contributions. The search for Parvi’s successor will begin immediately. Stora Enso, a major player in packaging, biomaterials, and wooden construction, reported 2023 sales of EUR 9.4 billion and has 20,000 employees. Its shares are listed on Nasdaq Helsinki and Stockholm, and traded on OTC Markets in the USA (SEOAY).
Stora Enso has revised its full-year 2024 adjusted EBIT guidance, expecting it to exceed the previous estimate significantly, now forecasting a 50% or higher increase compared to 2023's EUR 342 million. This change is driven by successful profit improvement measures and favorable market conditions, particularly in consumer board and pulp demand. However, challenges persist in the Wood Products and Packaging Solutions divisions. The company warns of ongoing market uncertainties like high inflation and potential external disruptions. Stora Enso will publish its Half-year Report on 24 July 2024.
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