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    STERV   FI0009005961

STORA ENSO OYJ

(STERV)
  Report
Delayed Nasdaq Helsinki  -  11:29 2022-12-02 am EST
14.33 EUR   +0.88%
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Stora Enso Oyj : A revolutionary bio-based furniture board, joint development by Koskisen and Stora Enso

09/20/2022 | 11:30am EST
Published 21 September 2022
Koskisen is a Finnish wood industry company producing sawn timber and panel products, such as birch plywood, furniture, and construction boards made of chip board. Koskisen uses Stora Enso's bio-based binder, NeoLigno® by Stora Enso, to replace fossil-based resins used in furniture boards. Both the furniture board raw material and the binder are made of wood and sourced from the production process flows of both companies. This results in all raw materials of the Zero Furniture Board being bio-based.

"Our experts have been working together with Stora Enso to come up with this brand-new bio-based product offering. Koskisen constantly looks for opportunities to optimize its CO2 balance. One of the biggest sources for CO2 emissions in our production are the binders that we use in the panels, as they are traditionally fossil-based. The co-operation with Stora Enso has offered us a unique opportunity to address this issue: the lignin-based NeoLigno® makes the Zero Particle Board bio-based. It is an excellent opportunity to bring something new into the market. Being bio-based, Zero Particle Board is an excellent example of a circular economy product. At Koskisen, the main raw material of the panel, wood chips, come from our own production. Similarly, Stora Enso gets lignin from their Sunila pulp mill in Finland, extracted in connection to pulp production. Combining these two ingredients, we can bring something new and valuable to our customers. It is hard to imagine a stronger message to our customers and their customers, than offering something that has a lower environmental impact and is bio-based," says Koskisen's CEO Jukka Pahta.

"We have now been working with Stora Enso for two years, and we are finalizing and optimizing the production of Zero Particle Board in Järvelä, Finland. Our target is to launch the commercial product and deliveries to our customers in autumn 2022. Once we have launched the furniture board to our customers, our intention is to extend the use of NeoLigno® also to plywood. I am very much looking forward to extending the range of our bio-based products," he concludes.

"Consumers are very eco-conscious and are aware of their health and indoor air quality. NeoLigno® is a unique ingredient for indoor furniture, that is equally safe and reliable as it is sustainable. With Zero Furniture Board, we can fulfill our customers' requirements for indoor air quality, as well as for low-carbon products. The glue in wooden panels has been non-renewable for decades. It has been very cost efficient and hard to replace with bio-based materials. We have studied different bio-based options for years at Koskisen, and now we have been able to take big steps forward with NeoLigno® by Stora Enso. It is the most promising binder in bio-based gluing, and the first bio-based binder that can be integrated into our product," says Eemi Valjakka, Product Manager at Koskisen.

Learn more about NeoLigno® and watch a webinar with Stora Enso and Koskisen.

Disclaimer

Stora Enso Oyj published this content on 21 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 September 2022 15:29:02 UTC.


ę Publicnow 2022
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Financials
Sales 2022 11 767 M 12 338 M 12 338 M
Net income 2022 1 249 M 1 309 M 1 309 M
Net Debt 2022 2 079 M 2 180 M 2 180 M
P/E ratio 2022 9,01x
Yield 2022 4,33%
Capitalization 11 504 M 12 063 M 12 063 M
EV / Sales 2022 1,15x
EV / Sales 2023 1,24x
Nbr of Employees 22 000
Free-Float 85,4%
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 14,33 €
Average target price 16,11 €
Spread / Average Target 12,5%
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Managers and Directors
Annica Bresky President & Chief Executive Officer
Seppo Matti Parvi Chief Financial Officer
Antti Mikael Mńkinen Chairman
Hock Goh Independent Director
Elisabeth Fleuriot Independent Director
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