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    STERV   FI0009005961

STORA ENSO OYJ

(STERV)
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Delayed Nasdaq Helsinki  -  11:29:47 2023-02-03 am EST
14.16 EUR   +0.60%
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Stora Enso Oyj : Batteries from trees – enabling sustainable electrification

11/22/2022 | 02:06am EST
Published 22 November 2022
Increasing demands for electrification mean more and more batteries are needed. Societies are built around electrification. Batteries are everywhere. This is true now, but it will also be true for the years to come at an ever-increasing pace. We need to find new and smart solutions to meet the demands of the future - solutions based on renewable materials.

As a renewable natural resource, wood represents a favourable alternative to fossil-based and other non-renewable materials, and as such, trees are pivotal in fighting climate change. Trees absorb CO2 from the atmosphere and that carbon stays in the fibers when they are made into products, even through recycling. Carbon storage can be increased by substituting materials from finite resources with renewable alternatives. With Lignode® by Stora Enso, we use lignin from sustainably managed Nordic forests and turn into an anode material for batteries.

One of the challenges of today's lithium-ion batteries is the use of graphite. Graphite is a non-renewable carbon which is either mined or made from fossil-based materials. At Stora Enso, we have dedicated ourselves to coming up with a solution where graphite is replaced with hard carbon from lignin, a side stream of pulp production.

Today more than ever, we need to find sustainable solutions and innovate with materials that can grow back. Products such as Lignode® are needed to create a more sustainable future. Lignode® and lignin are not trends, they are here to stay and to revolutionise the battery market.

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Stora Enso Oyj published this content on 22 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 November 2022 07:05:04 UTC.


ę Publicnow 2022
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Financials
Sales 2022 11 638 M 12 630 M 12 630 M
Net income 2022 1 290 M 1 400 M 1 400 M
Net Debt 2022 2 114 M 2 294 M 2 294 M
P/E ratio 2022 8,89x
Yield 2022 4,38%
Capitalization 11 306 M 12 269 M 12 269 M
EV / Sales 2022 1,15x
EV / Sales 2023 1,22x
Nbr of Employees 22 000
Free-Float 85,4%
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Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 14,16 €
Average target price 15,46 €
Spread / Average Target 9,21%
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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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