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    STERV   FI0009005961

STORA ENSO OYJ

(STERV)
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Delayed Nasdaq Helsinki  -  11:29 2022-11-30 am EST
13.98 EUR   -0.46%
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Stora Enso Oyj : Saving 120 tonnes of plastic waste by replacing a lid

09/23/2022 | 03:50am EST
Published 23 September 2022
Europe's leading take-away salad bar company Picadeli replaced their single-use plastics lid with a formed fiber lid. The new lid is plastic-free, PFAS-free, renewable, recyclable, biodegradable and saves about 120 tonnes of plastic waste annually.

Picadelihas 2 300 salad bars throughout Europe and the USA. With a strong focus on sustainability Picadeli have set up a target to reduce their usage of plastic by 50% by 2025. Because of this, they wanted a plastic-free lid for their take-away packaging.

Picadeli's concept is self-serving salad bars where the consumers pick and mixes their own salads. From the start Picadeli used plastic bowls and plastic lids. The bowl was changed to a cardboard bowl a few years back. Leaving the next challenge for Picadeli: Replacing the plastic lid.

Disclaimer

Stora Enso Oyj published this content on 23 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2022 07:49:05 UTC.


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Sales 2022 11 652 M 12 016 M 12 016 M
Net income 2022 1 231 M 1 269 M 1 269 M
Net Debt 2022 2 090 M 2 156 M 2 156 M
P/E ratio 2022 8,90x
Yield 2022 4,44%
Capitalization 11 193 M 11 543 M 11 543 M
EV / Sales 2022 1,14x
EV / Sales 2023 1,21x
Nbr of Employees 22 000
Free-Float 85,4%
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Number of Analysts 13
Last Close Price 13,98 €
Average target price 16,30 €
Spread / Average Target 16,6%
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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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