Brief: Stora Enso To Sell About 12% Of Its Total Forest Assets In Sweden

Stora Enso Oyj

11/02/2025 06:31

Feb 11 (Reuters) - Stora Enso Oyj  STERV.HE :
    * INTENDS TO SELL APPROXIMATELY 12% OF ITS TOTAL FOREST
ASSETS OF
1.4 MILLION HECTARES IN SWEDEN
    * SALES PROCESS IS ONGOING
    * SALE FAIR VALUE OF EUR 6.3 BILLION
    * WILL PROPOSE A DIVIDEND OF EUR 0.25 (EUR 0.20) PER SHARE
AT
ANNUAL GENERAL MEETING ON 20 MARCH 2025
    * PROPOSES THAT DIVIDEND BE PAID IN TWO INSTALMENTS, DURING
SECOND
AND Q4 OF 2025
    * WE EXPECT DEMAND TO REMAIN SUBDUED AND VOLATILE, AFFECTED
BY
MACROECONOMIC CONFIDENCE AND CONTINUED GEOPOLITICAL UNCERTAINTY
    * WOOD PRICES ARE EXPECTED TO REMAIN AT HIGH LEVELS
    * THROUGHOUT 2025, WE CONTINUE WITH OUR ACTIONS TO REDUCE
COSTS
    * IN Q1 OF 2025, MAINTENANCE COSTS ARE EXPECTED TO DECREASE
TO EUR
64 MILLION FROM EUR 118 MILLION IN Q4/2024
    * CAPITAL EXPENDITURE FORECAST FOR FULL YEAR 2025 IS EUR
730-790
MILLION
    * DURING FULL YEAR 2025, GROUP'S ADJUSTED EBIT IS
ANTICIPATED TO
BE ADVERSELY IMPACTED BY APPROXIMATELY EUR 100 MILLION

Source text:  ID:nWkr7Gg16B 
Further company coverage:  STERV.HE 

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