Stora Enso to update on its key strategic growth areas: Renewable Packaging, Building Solutions and Biomaterials Innovations at its Capital Markets Day

Stora Enso to update on its key strategic growth areas: Renewable Packaging, Building Solutions and Biomaterials Innovations at its Capital Markets Day

(PRESS RELEASE) HELSINKI, 13-Sep-2022 — /EuropaWire/ — Stora Enso (HEL: STERV), a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper, has announced it will hold its virtual Capital Markets Day (CMD) on 13 September 2022. The company will provide updates on its strategy and performance as well as the ROOC (Return on Operating Capital) target in Packaging Solutions which has been reassessed following the recently announced De Jong acquisition. The company will also present its plan on driving and accelerating growth in its three key strategic growth areas: Renewable Packaging, Building Solutions and Biomaterials Innovations. External panelists from Bouygues Construction, Northvolt and Tetra Pak will also join the panel discussion on material transition.

Driving growth in key strategic growth areas
We continue to shift our capital allocation to be more focused on the growth businesses and in the areas where we see long-term, sustainable growth potential. Our strong balance sheet enables both organic and acquisitive growth. By 2030, we aim to have a significantly lower exposure to market pulp and reduce cyclicality by increasing integration and growing in Renewable Packaging, Building Solutions as well as new innovative biomaterials in our portfolio.

In Renewable Packaging, we are well positioned to further strengthen our leading positions and capture growth opportunities in consumer board, containerboard and corrugated packaging. Our ambition is to generate over 60% of Group sales from Renewable Packaging by 2030.

In Building Solutions, our markets are growing due to increased demand of wood-based material in the construction sector. Our 2030 ambition is to increase the share of Building Solutions in Wood Product’s sales mix to 40% by mainly growing our Cross Laminated Timber and Laminated Veneer Lumber businesses.

In Biomaterials Innovations, we are accelerating the scale-up and commercial development together with partners and customers.

Traditional Wood Products, Pulp and Forest remain at the foundation for value creation and continue to support and provide synergies for key strategic growth areas. In accordance with our strategy, we are aiming to exit the structurally declining paper business.

Panel discussion

We will host a panel discussion moderated and presented by EVP Sustainability, Annette Stube on material transition. The panel will discuss how we can together provide renewable, circular products and solutions that help mitigate climate change. The panel will be joined by external guests, the panellists are:

• Patrik Andreasson, Vice President Strategy, Northvolt
• Fabrice Denis, Managing Director, Building Differently division, Bouygues Construction
• Laurence Mott, Executive Vice President for Development & Technology, Tetra Pak

Long-term financial targets
Stora Enso’s long-term financial targets set in November 2020 remain unchanged except its ROOC target for Packaging Solutions division. Due to the acquisition of De Jong Packaging, changes in the division’s business portfolio and future growth ambitions, Packaging Solutions ROOC target has been reassessed from >25% to >15%.

Group long-term financial targets (unchanged)

*Excluding Paper

Divisional long-term financial targets (unchanged, except in Packaging Solutions)

*Divestment process including four paper sites ongoing
**Including deferred tax liabilities
ROOC = Return on Operating Capital
ROCE = Return on Capital Employed

Capital Markets Day 2022
Stora Enso is arranging a virtual Capital Markets Day 2022 for investors and analysts today. You are welcome to follow the presentations by management in a live webcast at 13:00–16:00 CEST (14:00–17:00 EEST). There will be an opportunity to ask questions after the presentations.

Webcast link:

storaenso.videosync.fi/cmd-2022/register

For further information, please contact:
Anna-Lena Åström
SVP Investor Relations
tel. +46 70 210 7691

Part of the global bioeconomy, Stora Enso is a leading provider of renewable products in packaging, biomaterials, wooden construction and paper, and one of the largest private forest owners in the world. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has approximately 22,000 employees and our sales in 2021 were EUR 10.2 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com/investors

SOURCE: STORA ENSO OYJ