Stora Enso Oyj (STE_A) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone. My name is Jutta Mikkola, and as the head of investor relations, I'm delighted to welcome you to our first quarter results presentation. With me today is our president and CEO, Hans Sundström, and our CFO, Niklas Rosenlev. This quarter, our main theme was focus on our own actions drives results. This highlights the decisions and actions we took last year, and the momentum we are bringing into this year. Hans will start with key highlights and strategic focus areas, and after that, Niklas will take you through our performance and results. We'll wrap it up with the key main takeaways. Once we're finished, like usual, we will open the floor for your questions. So thank you once again, and hope you had a good time with us. With these words, Hans, the stage is yours. Thank you Jutta and hello everyone. Great to have you with us. The first quarter of 2026 developed largely as expected. While market conditions remained challenging, we continued to drive performance through our own actions across operations, costs, commercial excellence and procurement. Demand in our main market stayed at a relatively low level and pricing pressure persisted in some business segments while prices firmed up and increased in others. We delivered resilient results with sales of 2.4 billion euro and EBIT of 159 million euros. Operationally, the ramp up of the new consumer board line at Oulu continued. We focus on improving the technical runability of production. This in addition to the weak market impacted profitability during the quarter and is expected to continue into the second quarter. While the ramp-up continues to impact short-term profitability, we remain confident in bringing the line to full operational performance during 2027. Stora Enso's segment reporting changed as...