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    STERV   FI0009005961

STORA ENSO OYJ

(STERV)
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Delayed Nasdaq Helsinki  -  11:29 2022-11-25 am EST
14.05 EUR   -0.74%
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Stora Enso Oyj : explores large expansion in formed fiber

09/22/2022 | 08:29am EST
Published 22 September 2022
Based on increasing demand for fiber-based, circular packaging solutions, Stora Enso has started a feasibility study for building a new formed fiber plant in Hylte,Sweden. Stora Enso's strategic aim is to grow with renewable packaging, and the investment would increase Stora Enso's formed fiber capacity significantly.
The new plant would mainly produce PureFiber™ by Stora Enso- a range of formed fiber products that contain no per- and polyfluoroalkyl substances (PFAS). According to the LCA-study, these products have up to 75% lower CO2 footprint compared to alternative packaging materials such as plastics and bagasse. The PureFiber™ by Stora Enso products from the new Hylte plant would have the potential to replacesome 35 000 tonnes of CO2annually.

Mikael Krook, Vice President Sales and Commercialization for Formed Fiber at Stora Enso, commented; "The new plant would serve as a center of excellence to produce low-carbon packaging solutions. In addition to producing food service applications, such as lids, bowls and trays, we would offer more advanced solutions such as modified atmosphere packaging that helps extend the shelf life of fresh produce."

If the outcome of the study is positive, implementation of the project will commence during Q1/2023.

Disclaimer

Stora Enso Oyj published this content on 22 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2022 08:19:08 UTC.


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Financials
Sales 2022 11 652 M 12 116 M 12 116 M
Net income 2022 1 231 M 1 280 M 1 280 M
Net Debt 2022 2 090 M 2 174 M 2 174 M
P/E ratio 2022 8,94x
Yield 2022 4,42%
Capitalization 11 239 M 11 686 M 11 686 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 14,05 €
Average target price 16,30 €
Spread / Average Target 16,0%
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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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