Jutta Mikkola
Head of Investor Relations
Replay available
Stora Enso Oyj (STO: STE_A) Q3 2025 earnings conference call, held 2025-10-23. Replay captured from the company's public earnings webcast.

Head of Investor Relations
Analyst, UBS
Analyst, Jefferies
Analyst, Berenberg
President and CEO
Chief Financial Officer
Analyst, BNP Paribas Exane
Analyst, Barclays
Analyst, Stifel
Analyst, SEB
Hello, everyone, and welcome to Stora Enso's third quarter results presentation. I'm Jutta Mikkola, head of investor relations, and I'm joined today by Hans Ulström, our president and CEO, and Niklas Rosenlev, our CFO. The theme for today is good progress in a challenging market environment, which indeed we have done. We'll start with Hans, who will walk us through the key highlights and strategic focus areas. After that, Niklas will take you through the financial performance and we'll wrap it up with the main takeaways and key focus for the rest of the year 25. Once we're done, we'll open the floor for your questions. Thank you for being here with us today. Hans, over to you. Thank you, Jutta. In the third quarter of 2025, despite ongoing challenges in markets and subdued demand, we remain focused on the areas within our control, driving progress where it matters most. However, before looking more closely at the third quarter highlights, I would like to announce changes in Stora Enso's group leadership team. Mikaela Turström has been appointed Executive Vice President People and Legal General Council as of 1st of January, 2026. Mikaela has been part of our group leadership team since 2023, serving as Executive Vice President Legal and General Council. Furthermore, Niklas Rosenlev, our chief financial officer, will assume additional responsibilities and represent the communication and brand organizations on top of his current duties. I want to congratulate both Mikael and Niklas for their new and extended roles. Then we are ready to look more closely at the quarterly highlights. We have taken important steps to build a stronger and more competitive Stora Enso. A major milestone in the quarter was the completion of the divestment of approximately 175,000 hectares of f...