Stora Enso Oyj (STE_A) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone, and welcome to Stora Enso's Q4 and full year results presentation. I'm Jutta Mikkola, Head of Investor Relations, and I'm delighted to be joined here today with our President and CEO Hans Solström and our CFO Niklas Rosenlev. We're kicking off the webcast with our clear theme, Sharpen Strategic Focus. It reflects the works we've done throughout 2025. and the momentum we're carrying into 2026. Today, we'll start with Hans, who will walk you through the key highlights and our strategic priorities. After that, Niklas will take you through our financial performance and we'll close with the main takeaways and what's ahead of us in 2026. Once we've covered everything, as usual, we'll open the floor for your questions. Thank you for joining us. Great to have you with us. Over to you, Hans. Thank you, Jutta, and hello everyone. Great to have you with us. 2025 was a pivotal year for Stora Enso, marked by decisive actions to sharpen our strategic focus and unlock long-term value for our shareholders. In Q4, we completed the strategic review of our Swedish forest assets, a major milestone, and began the separation to form two strong companies, a leading renewable materials company with a sharpened focus on packaging and Europe's largest listed pure play forest company. We also launched a strategic review of our central European soil mills and building solutions operations to further focus our portfolio. Despite a challenging environment during 2025, we delivered resilient results with a sales of €9.3 billion and EBIT of €528 million. We continued ramping up the old consumer board line, a key part of our renewable packaging strategy throughout 2025. This weighted on our earnings by 140 million euros in total during the year, but strengthens our long-term position...