Stora Enso Oyj Class A · OMXHEX:STEAV
Stora Enso Oyj Class A — Q2 2025 Earnings Presentation
18 slides from Stora Enso Oyj Class A's earnings presentation, Jul 23, 2025
Slide 1: Financial results Q2 2025
Financial results Q2 2025 Solid business performance in a volatile demand environment The EcoFlowerBox by Stora Enso made from corrugated board
Slide 2: Topics
Topics: 1. Key highlights and Hans Sohlström strategic focus areas 2. Financial performance Niclas Rosenlew 3. Key takes - focus for Hans Sohlström 2025 Product: CarrEco Brown –unbleached uncoated board 2
Slide 3: Key highlights and strategic focus areas
Key highlights and strategic focus areas Hans Sohlström, President and CEO Products: FBB - Performa Light, Performa Nova, CUK – CKB (Coated kraft back) 3
Slide 4: Key highlights Q2
Key highlights Q2 2.4 (5%) 126 (-18%) 7% (-2% points) Sales, BEUR and sales growth Adjusted EBIT, MEUR Operating working capital to sales ratio We continue to build a better Stora Enso - Agreement to divest 12.4% of our Swedish forest asset - Initiated a strategic review of the remaining Swedish for
Slide 5: Recent initiatives strengthening our strategic focus on renewable packaging
Recent initiatives strengthening our strategic focus on renewable packaging SALE OF 12.4% OF SWEDISH FOREST Enhance financial flexibility through monetisation of assets while securing long-term wood supply Profit Performance STRATEGIC REVIEW OF SWEDISH FOREST ASSETS Assess options to unlock the full
Slide 6: Unlocking the full potential of both our industrial and forest assets
Unlocking the full potential of both our industrial and forest assets Stora Enso Swedish Forest • Stora Enso is a global leading renewable • Leading Swedish forest owner, optimally packaging company with sustainability at the located in central Sweden, with proximity to core of the business strong s
Slide 7: Focus on accelerating synergies to support renewable packaging profitability and growth
Focus on accelerating synergies to support renewable packaging profitability and growth Oulu Enocell PS Fin Varkaus Imatra Skutskär Heinola Fors Skoghall Anjalankoski Enocell • Oulu • Fors • Skoghall PS Baltics PS Swe Consumer board mills Beihai Containerboard mills Ostroleka Market pulp mills PS Be
Slide 8: Financial performance
Financial performance Niclas Rosenlew, CFO Products: FBB - Performa Light, Performa Nova 8
Slide 9: Solid business performance in a volatile demand environment
Solid business performance in a volatile demand environment Year-on-Year comparison • Sales increased by 125 MEUR or 5% • Adj. EBIT decreased by 27 MEUR • Higher deliveries • Ongoing Oulu consumer board line ramp up impacted second • Structural changes had a positive impact as both the quarter resul
Slide 10: Solid business performance while ramping up the new consumer board line
Solid business performance while ramping up the new consumer board line Year-on-Year comparison 10
Slide 11: Oulu consumer board line ramp-up impacting profitability and cash flow
Oulu consumer board line ramp-up impacting profitability and cash flow • Since 2023, the profitability has improved gradually • Cash flow from operations has benefitted from OWC reductions throughout 2024 and ongoing • The OWC reductions impacting cash flow have stabilised • As the heavy investment
Slide 12: Net debt to adjusted EBITDA and operating working capital development
Net debt to adjusted EBITDA and operating working capital development 12
Slide 13: Overview of segment financial performance
Overview of segment financial performance Year-on-Year comparison Share of Share of 45% external 11% external sales sales • Sales increased slightly by 1.8% to 1,159 (1,138) MEUR • Sales increased by 7.1% to 272 (254) MEUR • Higher prices for containerboard and a slight increase for • Higher volumes
Slide 14: Overview of segment financial performance
Overview of segment financial performance Year-on-Year comparison Share of Share of Share of 12% external 18% external 13% external sales sales sales • Sales decreased by 8.5% to 378 (413) MEUR • Sales increased by 19.1% to 494 (414) MEUR • Sales increased by 20.8% to 833 (690) MEUR • Lower sales pr
Slide 15: Key takes - focus for 2025
Key takes - focus for 2025 Hans Sohlström, President and CEO Product: EcoFreshBox made from virgin corrugated 15
Slide 16: Key takes - focus for 2025
Key takes - focus for 2025 Building a stronger and more profitable Stora Enso - Continue the work across the whole company to improve profitability, cash flow, and cost competitiveness through a focus on sourcing, operational efficiency, commercial excellence, working capital, and fixed costs. - Com
Slide 17: Disclaimer
Disclaimer It should be noted that Stora Enso and its business are exposed to various risks and uncertainties and certain statements herein which are not historical facts, including, without limitation those regarding expectations for market growth and developments; expectations for growth and profi
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