Stora Enso
Logotype for Stora Enso

Stora Enso (STE) investor relations material

Stora Enso Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Stora Enso
Q4 2025 earnings summary4 Feb, 2026

Executive summary

  • 2025 was a pivotal year, marked by a sharpened strategic focus, including the separation of Swedish forest assets and a focus on renewable packaging and materials.

  • Oulu consumer board line ramp-up continued, impacting short-term profitability, with completion on time and on budget.

  • Board proposed a dividend of EUR 0.25 per share for 2025, to be paid in two instalments in 2026.

  • Strong sustainability progress: 61% reduction in Scope 1 and 2 emissions since 2019, surpassing 2030 targets, and 94% of products technically recyclable.

  • Recognized on the CDP Climate Change 'A List' for leadership in transparency and climate action.

Financial highlights

  • Full-year 2025 sales reached EUR 9.3 billion, up 3%, supported by acquisitions and the Oulu ramp-up.

  • Adjusted EBIT for 2025 was EUR 528 million, down 12% year-over-year, mainly due to Oulu ramp-up costs and lower pulp prices.

  • Oulu ramp-up weighed on earnings by EUR 140 million for the year.

  • Net debt to adjusted EBITDA improved to 2.8x, aided by the Swedish forest land divestment.

  • Cash flow after investing activities improved as the Oulu investment phase ended.

Outlook and guidance

  • Market conditions expected to remain subdued and volatile in 2026 due to macroeconomic and geopolitical uncertainty.

  • Focus remains on executing strategy, improving profitability, cash flow, and cost competitiveness.

  • Oulu ramp-up to continue, with negative EBIT impact of EUR 15–30 million expected in Q1 2026; full ramp-up targeted for 2027.

  • New reporting structure and financial targets to be implemented in Q1 2026.

  • Emission rights income projected to drop to EUR 10–20 million in 2026 due to EU ETS rule changes.

How do portfolio actions sharpen core business focus?
What are the key Q1/26 EBIT headwinds?
What is the financial impact of emission rights changes?
Oulu ramp-up challenges beyond Q1 2026
Central European sawmills review timeline
Quantify Nordic wood cost tailwind for 2026
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Stora Enso earnings date

Logotype for Stora Enso
Q1 20267 May, 2026
Stora Enso
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Stora Enso earnings date

Logotype for Stora Enso
Q1 20267 May, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Stora Enso Oyj provides renewable solutions in packaging, biomaterials, wood construction and paper globally. The company offers solid-wood products, wood components, wood-based products, paperboards, newsprint and magazine papers, lightweight coated papers, fine papers, consumer boards and industrial paperboards for use in the printing and packaging industries. It also designs and constructs turn-key biomass power plants for customers; growth medium for growing crops produced from by-products of forest and pulp industries; and various biomaterials consisting of lignocellulosic fibers from wood or other vegetable materials for use as replacements to plastics and fossil-based materials in applications including automotive interior parts such as door panels, center consoles or parcel shelves. The company was incorporated in 1996 and is headquartered in Helsinki, Finland.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage