Thursday, 19 March 2015 09:32

Stora Enso’s historical figures according to the new division structure

Written by
Rate this item
(0 votes)

From the first quarter of 2015 onwards, Stora Enso will publish financial figures for its five divisions and its segment Other.

stora new1As announced on 18 December 2014, Stora Enso has reorganised its divisional and reporting structure. In Stora Enso, the IFRS reporting segments are formed by divisions except for the segment Other.The new structure is valid from 1 January 2015 onwards. Stora Enso will report financial figures for the divisions Consumer Board, Packaging Solutions, Biomaterials, Wood Products and Paper and the segment Other.

The former Renewable Packaging division has been split into two separate divisions: Consumer Board and Packaging Solutions. The Consumer Board division operates five board mills in Finland, Sweden and Spain. The operations of the Guangxi board mill project in China and the Bulleh Shah Packaging joint venture in Pakistan also belong to Consumer Board. Packaging Solutions operates container board mills in Finland and Poland and converting plants in ten countries in Europe and Asia, including Inpac Packaging in China and India.

The new structure in the packaging business is a further step towards strengthening Stora Enso’s focus on customers, business performance and growth. It also increases transparency in financial reporting.

Name until 31 Dec 2014 Name from 1 Jan 2015
Renewable Packaging -
- Consumer Board Division
- Packaging Solutions Division
Biomaterials Biomaterials Division
Building and Living Wood Products Division
Printing and Reading Paper Division
Other Other

The segment Other includes the Nordic forest equity-accounted investments, Stora Enso’s shareholding in Pohjolan Voima, operations supplying wood to the Nordic mills and Group shared services and administration.

The historical figures according to the new reporting structure are presented via this link....

For further information, please contact:
Seppo Parvi, CFO, tel. +358 2046 21205
Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 2046 21242
Ulrika Lilja, EVP, Global Communication, tel. +46 1046 71668

www.storaenso.com
www.storaenso.com/investors

Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wood and paper on global markets. Our aim is to replace non-renewable materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 27 000 people in more than 35 countries, and our sales in 2014 were EUR 10.2 billion. Stora Enso shares are listed on NASDAQ OMX Helsinki (STEAV, STERV) and Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) on the International OTCQX over-the-counter market.
Read 3225 times Last modified on Thursday, 19 March 2015 09:38