Stora Enso Q2/2021 – Strong Performance and Solid Growth Continue

Q2 2024 highlights *Sales totalled EUR 2,546 million (2,558 million in Q2 2023) *Comparable EBIT increased by 60% to EUR 182 million, 7.2% of sales (114 million, 4.5%) *Operating cash flow was EUR 204 million (459 million) *Moderate recovery in many product markets *UPM Paso de los Toros pulp mill reached nominal capacity before its first maintenance shutdown in June *Unusually high maintenance activity with three pulp mills and all nuclear power plant units having scheduled maintenance. H1 2024 highlights *Sales decreased by 3% to EUR 5,186 million (5,345 million in H1 2023) *Comparable EBIT increased by 10% to EUR 515 million (470 million), and was 9.9% (8.8%) of sales *Operating cash flow was EUR 539 million (1,173 million) *Net debt increased to EUR 2,763 million (2,557 million) and the net debt to EBITDA ratio was 1.64 (1.07)

The American Forest & Paper Association (AF&PA) announced its top 2018 advocacy priorities that include free and fair trade, transportation efficiencies, regulatory process reforms and government policies that respect market dynamics for paper-based products. The association will pursue them as it supports the pulp, paper, packaging and wood products industry’s ability to grow the economy and create American manufacturing jobs. “Enactment of historic comprehensive tax reform sets a welcome stage for AF&PA to focus on key 2018 advocacy priorities that will further our industry’s ability boost the economy and create jobs and opportunity for all Americans,” said AF&PA President and CEO Donna Harman. “Free and fair trade policy, efficient transportation measures, systemic regulatory process reforms and policies that respect market place competition and consumer choice for paper-based products rank high on our list. We are eager to continue working with the Administration and Congress and state governments to advance shared goals that will open the door for our companies to invest, innovate and compete at home and around the globe. With more than 900,000 employees in rural and urban communities across 45 states, we are one of the largest manufacturing sectors in the nation with an ability to thrive with the support of forward-thinking public policy.” Click Read More below for additional information.

The New Wood competition for products and solutions for the wood-based bioeconomy challenged pioneering companies to offer new solutions to global challenges. The prizes of the competition were handed out on April 29, 2021. Kotkamills and Pyroll together were one of the six finalists in the competition with responsible serving packs made for Norwich City FC. The steering group of the New Tree project awarded our competition proposal an honorable mention of Everyday Heroes, and in the public vote, the proposal took second place. The jury assesses the societal significance of the solutions as well as the ability to respond to global challenges and promote sustainable development goals. The winning solutions also had to have international market potential and make innovative use of wood.