Finland's Stora Enso Q4 sales fall 3%; plans to separate Swedish forest assets

Stora Enso Oyj

04/02/2026 06:41

Overview

Finland-based renewable materials firm's Q4 sales fell 3% due to lower board and pulp prices

Adjusted EBIT for Q4 dropped 17%, impacted by lower pulp prices and currency effects

Company plans to separate Swedish forest assets into a new publicly listed company

Outlook

Stora Enso expects Q1/2026 packaging and pulp demand to remain stable at low levels

Company anticipates Q1/2026 adjusted EBIT impact of EUR 15-30 mln from Oulu ramp-up

Stora Enso projects 2026 emission rights income to decrease to EUR 10-20 mln

Result Drivers

LOWER PULP PRICES - Sales and adjusted EBIT were negatively impacted by lower pulp prices, contributing to a 3% decrease in sales and a 17% drop in adjusted EBIT

OULU RAMP-UP COSTS - The ramp-up of the new line at the Oulu site negatively impacted Q4 results by EUR 31 million, affecting adjusted EBIT

FAIR VALUE GAINS - Operating result was boosted by an increase in the fair value of biological assets in Sweden and Finland

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
EUR 2.25 bln
Q4 Net Income
EUR 363 mln
Q4 Operational EBITDA
EUR 255 mln
Q4 Operational EBIT
EUR 100 mln
Q4 Pretax Profit
EUR 430 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the non-paper containers & packaging peer group is "buy"

Wall Street's median 12-month price target for Stora Enso Oyj is €11.70, about 18.9% above its February 3 closing price of €9.84

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nWkrrHchN

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)