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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Stora Enso Oyj    STERV   FI0009005961

STORA ENSO OYJ

(STERV)
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Stora Enso Oyj : completes co-determination negotiations at Hylte Mill in Sweden

10/14/2020 | 02:01am EST

STORA ENSO OYJ INVESTOR NEWS 14 October 2020 at 9.00 EEST

Stora Enso has completed the co-determination negotiations concerning the closure of one standard newsprint paper machine (PM3) and the deinking plant at Stora Enso's Hylte Mill in Sweden. The maximum personnel impact is 140 people.

As a result of the co-determination negotiations, PM3 will be shut down by the end of 2020 and the DIP latest in Q2 2021. Negotiations on organizational restructuring, including the risk analysis, have started.

Stora Enso will continue to produce standard newsprint at Hylte, Langerbrugge and Sachsen mills. The closure of Hylte Mill PM3 will not impact Stora Enso's newsprint product offering, and we will be able to serve our customers as today.

For further information, please contact:
Ulrika Lilja
EVP, Communications
tel. +46 72 221 9228

Liisa Nyyssönen
SVP Communications, Division Paper
tel. +358 40 544 3491

Investor enquiries:
Ulla Paajanen
SVP, Investor Relations
tel. +358 40 763 8767
 

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 25 000 employees in over 30 countries. Our sales in 2018 were EUR 10.5 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com (http://www.storaenso.com)

STORA ENSO OY

For further information, please contact:
Ulrika Lilja
EVP, Communications
tel. +46 72 221 9228

Liisa Nyyssönen
SVP Communications, Division Paper
tel. +358 40 544 3491

Investor enquiries:
Ulla Paajanen
SVP, Investor Relations
tel. +358 40 763 8767

https://news.cision.com/stora-enso-oyj/r/stora-enso-completes-co-determination-negotiations-at-hylte-mill-in-sweden,c3215465

(c) 2020 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2020 8 566 M 10 247 M 10 247 M
Net income 2020 462 M 553 M 553 M
Net Debt 2020 3 059 M 3 660 M 3 660 M
P/E ratio 2020 22,9x
Yield 2020 2,54%
Capitalization 11 464 M 13 707 M 13 715 M
EV / Sales 2020 1,70x
EV / Sales 2021 1,60x
Nbr of Employees 25 000
Free-Float 74,5%
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Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 14,62 €
Last Close Price 14,51 €
Spread / Highest target 13,8%
Spread / Average Target 0,76%
Spread / Lowest Target -23,5%
EPS Revisions
Managers
NameTitle
Annica Bresky President & Chief Executive Officer
Jorma Olavi Eloranta Chairman
Seppo Matti Parvi Chief Financial Officer
Teemu Salmi Chief Information Officer
Hans Torgny Stråberg Vice Chairman
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