Stora Enso

HELSINKI – October 30, 2026 -- Stora Enso lifted third-quarter adjusted EBIT by 28% to EUR 161 million (126), lifting the adjusted EBIT margin to 7.2% (5.5%), as the board approved a Demerger Plan to spin off its Swedish forest assets business into a new listed company.

Organic sales rose 2% on higher board deliveries and containerboard prices. Reported sales fell 2% to EUR 2,240 million (2,283) because of divestments. Higher board volumes, lower variable costs and the ramp-up of the new consumer board line at Oulu drove the earnings gain.

IFRS operating result falls to EUR 47 million on impairments and fair valuations

The IFRS operating result dropped to EUR 47 million from EUR 231 million. Items affecting comparability totalled EUR -63 million (+117), mainly impairments, restructuring and disposals. Fair valuations and other non-operational items were EUR -51 million (-11), mostly from the fair valuation of biological assets.

HELSINKI – October 30, 2026 -- Stora Enso's Board of Directors has approved a demerger plan to spin off its Swedish forest assets business into Bergslagets Skogar AB, with completion planned for 31 March 2027. The five largest shareholders by votes, holding about 28.6% of shares and 69.9% of votes, have irrevocably committed to vote in favour, subject to customary conditions.

Shareholder vote set for 15 December 2026

An Extraordinary General Meeting is expected on 15 December 2026 to decide on the cross-border partial demerger. Stora Enso expects to publish an information brochure for shareholders by 24 November 2026 at the latest. A listing prospectus will follow shortly after completion and before public trading begins.

Bergslagets Skogar intends to apply for admission to the regulated markets of Nasdaq Stockholm and Nasdaq Helsinki. It would be a Swedish public limited liability company.