Stora Enso: Navigating Challenging Markets for Improved Results

Stora Enso, a leading provider of renewable products in packaging, biomaterials, and wooden construction, recently released its financial statement for 2024. Despite operating in challenging markets, the company has demonstrated resilience and improved its financial performance. This article will delve into the key aspects of Stora Enso's 2024 financial statement, highlighting the company's strategic initiatives and sustainability focus that have contributed to its success.



Stora Enso's 2024 financial statement reveals a 7% increase in sales to EUR 2,322 million, compared to EUR 2,174 million in the previous year. The company's adjusted EBIT also improved significantly, rising to EUR 121 million from EUR 51 million in 2023. This increase in adjusted EBIT margin, from 2.3% to 5.2%, is a testament to Stora Enso's ability to navigate challenging market conditions and maintain profitability.

Stora Enso's strategic initiatives have played a crucial role in driving these improved financial results. The company's profit improvement program, initiated in Q1/2024, aimed to achieve EUR 120 million in annual gross fixed cost savings. The full impact of this program was realized from the start of 2025, contributing to the significant increase in adjusted EBIT. Additionally, Stora Enso's acquisition of the Finnish sawmill company Junnikkala Oy has secured a cost-efficient wood supply for its packaging board site in Oulu, Finland, and supported the wood products business with new production assets.

Stora Enso's commitment to sustainability has also been a key factor in its success. The company achieved a 53% reduction in Scope 1 and 2 greenhouse gas emissions by the end of 2024, surpassing its 2030 target of a 50% reduction from the 2019 base year. This focus on sustainability has enabled Stora Enso to maintain a strong market position, particularly in the packaging and biomaterials sectors, where customers increasingly value eco-friendly products.



Looking ahead, Stora Enso expects demand to remain subdued and volatile in 2025, affected by macroeconomic confidence and continued geopolitical uncertainty. However, the company remains committed to reducing costs and strengthening operational and commercial excellence to improve operational performance and competitiveness. Stora Enso's capital expenditure forecast for the full year 2025 is EUR 730-790 million, as the company continues to invest in growing market segments and strategic initiatives.

In conclusion, Stora Enso's 2024 financial statement demonstrates the company's ability to navigate challenging markets and improve its financial performance. Through strategic initiatives such as the profit improvement program and the acquisition of Junnikkala Oy, as well as a strong focus on sustainability, Stora Enso has been able to maintain profitability and a strong market position. As the company looks to the future, it remains committed to reducing costs, improving operational excellence, and investing in strategic growth opportunities.