STORA ENSO OYJ STOCK EXCHANGE RELEASE 25 March 2026 at 9:00 EET

HELSINKI, March 25, 2026 /PRNewswire/ -- Stora Enso's segment reporting changed as of 1 January 2026, and the Group has restated the comparative figures for its segment reporting for 2025.

Stora Enso has implemented changes to its organisational and reporting structures to better align with its strategic focus and operational synergies. Effective 1 January 2026, the Group's reportable segments are Consumer Packaging, Integrated Packaging, Biomaterials, and Other.

Consumer Packaging: Consumer Packaging is a new reportable segment, consisting of the Cartonboard, and Foodservice and Liquid Board business areas (previously in Packaging Materials). These operating segments have been aggregated into a single reportable segment based on their similar economic and other characteristics.

Integrated Packaging: Another new reportable segment, Integrated Packaging, comprises the Containerboard business area (previously included in Packaging Materials) and the Packaging Solutions business area. These operating segments have also been aggregated based on their similar economic and other characteristics.

Biomaterials: The Biomaterials segment continues to be reported as a separate reportable segment.

Other: The segment Other now includes the Wood & Energy business area and Group functions, the Swedish forest assets, the Growth business unit and the Central European Wood Products operations. Intercompany sales of wood and logistics services from the segment Other to Consumer Packaging, Integrated Packaging, and Biomaterials have been eliminated from the segment Other, reflecting the manner in which the chief operating decision maker regularly reviews reportable segments.

Main changes

The Wood Products segment has been discontinued as a separate reportable segment as of 1 January 2026. Northern Europe Wood Products operations have been integrated into the Consumer Packaging, Integrated Packaging, and Biomaterials segments to leverage operational synergies. Central European Wood Products operations, which are currently under strategic review, are reported within the segment Other.

The Forest segment has also been discontinued as a separate reportable segment. Swedish forest assets (which are proposed to be demerged) and wood supply operations in Finland, Sweden, and the Baltic countries are now reported within the segment Other. Plantations in Latin America and China, which are linked to local mills, continue to be reported under the Consumer Packaging and Biomaterials segments.

From 1 January 2026, Stora Enso's forestry-related associated companies in Finland (Tornator) and Sweden (SESOM 2) are reported within the Consumer Packaging, Integrated Packaging, and Biomaterials segments (previously reported in the Forest segment), based on their proportional wood consumption.

Stora Enso's energy-related business and assets in Pohjolan Voima (PVO) are now reported within the Consumer Packaging, Integrated Packaging, and Biomaterials segments (previously reported in the segment Other), based on their proportional energy consumption. External PVO-related electricity sales will continue to be reported under the segment Other. The Growth business unit, focused on developing innovative biobased solutions to replace fossil-based and other non-renewable materials, is now reported within the segment Other. Previously, it was included in the Biomaterials segment.

The comparative figures have been restated according to the new reporting structure and are presented in the tables below under heading 'Restated'. Comparative figures based on the old reporting structure are presented under the heading 'As published'.

Total sales

Restated


 
          EUR million  2025 Q4/25 Q3/25  Q2/25   Q1/25



 Consumer Packaging     3,692   900    945     953      894



 Integrated Packaging   2,359   564    584     626      586



 Biomaterials           1,558   378    358     407      416



 Other                  2,497   606    588     658      645



 Inter-segment sales     -780  -194   -191    -217     -178



 
          Total       9,326 2,254  2,283   2,426    2,362

As published


 
            EUR million   2025 Q4/25 Q3/25  Q2/25   Q1/25



 Packaging Materials       4,478 1,033  1,128   1,159    1,159



 Packaging Solutions       1,027   253    263     272      239



 Biomaterials              1,458   349    339     378      392



 Wood Products             1,817   465    440     494      418



 Forest                    3,212   794    750     833      836



 Other                       194    50     48      47       49



 Inter-segment sales      -2,861  -688   -686    -756     -731



 
            Total        9,326 2,254  2,283   2,426    2,362

External sales

Restated


 
            EUR million  2025 Q4/25 Q3/25  Q2/25   Q1/25



 Consumer Packaging       3,510   849    901     905      855



 Integrated Packaging     2,274   542    564     602      566



 Biomaterials             1,233   302    280     309      342



 Other                    2,310   561    539     610      600



 
            Total       9,326 2,254  2,283   2,426    2,362

As published


 
            EUR million  2025 Q4/25 Q3/25  Q2/25   Q1/25



 Packaging Materials      4,255   992  1,086   1,099    1,078



 Packaging Solutions      1,016   250    260     270      237



 Biomaterials             1,151   278    265     285      322



 Wood Products            1,611   409    388     441      373



 Forest                   1,254   314    277     327      337



 Other                       39    11      8       5       15



 
            Total       9,326 2,254  2,283   2,426    2,362

Adjusted EBITDA

Restated


 
            EUR million  2025 Q4/25 Q3/25  Q2/25   Q1/25



 Consumer Packaging         354    52    120      76      105



 Integrated Packaging       232    68     31      72       60



 Biomaterials               326    83     73      77       94



 Other                      230    45     67      61       57



 Eliminations                 2     6     -1      -7        4



 
            Total       1,144   255    291     279      320

As published


 
            EUR million  2025 Q4/25 Q3/25  Q2/25   Q1/25



 Packaging Materials        419    69    120      99      131



 Packaging Solutions         80    21     18      20       22



 Biomaterials               252    66     59      55       72



 Wood Products               43     5      5      22       10



 Forest                     377    85     92     107       93



 Other                      -28     3     -2     -17      -12



 Eliminations                 1     6     -1      -6        3



 
            Total       1,144   255    291     279      320

Adjusted EBIT

Restated


 
            EUR million 2025 Q4/25 Q3/25  Q2/25   Q1/25



 Consumer Packaging        129    -2     54      22       55



 Integrated Packaging       74    29     -9      33       22



 Biomaterials              185    45     38      42       59



 Other                     138    22     44      37       35



 Eliminations                2     6     -1      -7        4



 
            Total        528   100    126     126      175

As published


 
            EUR million 2025 Q4/25 Q3/25  Q2/25   Q1/25



 Packaging Materials       124    -3     36      29       62



 Packaging Solutions        14     5      2       3        5



 Biomaterials              110    28     24      21       36



 Wood Products              -2    -7     -6      11        1



 Forest                    317    71     76      88       82



 Other                     -37     1     -4     -20      -14



 Eliminations                1     6     -1      -6        3



 
            Total        528   100    126     126      175

Adjusted EBIT margin

Restated

                         2025   Q4/25   Q3/25   Q2/25   Q1/25



 Consumer Packaging    3.5 % -0.2 %   5.7 %   2.3 %   6.2 %



 Integrated Packaging  3.1 %  5.1 %  -1.5 %   5.2 %   3.7 %



 Biomaterials         11.9 % 11.9 %  10.7 %  10.4 %  14.3 %



 Other                 5.5 %  3.7 %   7.4 %   5.6 %   5.5 %



 
            Total    5.7 %  4.5 %   5.5 %   5.2 %   7.4 %

As published

                         2025   Q4/25   Q3/25    Q2/25    Q1/25



 Packaging Materials   2.8 % -0.3 %   3.2 %    2.5 %    5.4 %



 Packaging Solutions   1.4 %  1.8 %   0.6 %    1.1 %    2.1 %



 Biomaterials          7.5 %  8.0 %   7.1 %    5.6 %    9.3 %



 Wood Products        -0.1 % -1.5 %  -1.4 %    2.2 %    0.2 %



 Forest                9.9 %  8.9 %  10.2 %   10.6 %    9.8 %



 Other               -19.1 %  2.4 %  -9.0 %  -42.3 %  -28.7 %



 
            Total    5.7 %  4.5 %   5.5 %    5.2 %    7.4 %

Operating result (IFRS)

Restated


 
            EUR million 2025 Q4/25 Q3/25  Q2/25   Q1/25



 Consumer Packaging         88    -7     41       4       51



 Integrated Packaging       53    26    -18      25       20



 Biomaterials              219    83     36      38       62



 Other                     580   369    173       4       34



 Eliminations                2     6     -1      -7        4



 
            Total        942   476    231      64      171

As published


 
            EUR million 2025 Q4/25 Q3/25  Q2/25   Q1/25



 Packaging Materials        83   -17     23      17       60



 Packaging Solutions         2     4     -5      -2        5



 Biomaterials              144    55     25      23       41



 Wood Products             -16   -19     -8      11        1



 Forest                    826   484    210      55       76



 Other                     -98   -36    -12     -35      -15



 Eliminations                1     6     -1      -6        3



 
            Total        942   476    231      64      171

Stora Enso is a global leader in renewable materials with a strong focus on packaging. Our purpose is to replace non-renewable materials with renewable solutions. Together with our customers, we design and deliver competitive, high-quality packaging materials and solutions, made from fresh and recycled fibers, accelerating the transition to a circular bioeconomy.

Stora Enso has approximately 19,000 employees and our sales in 2025 were EUR 9.3 billion. Stora Enso's shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded on OTC Markets (OTCQX) in the USA as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF). storaenso.com/investors

STORA ENSO OYJ

For further information, please contact:
Jutta Mikkola
SVP Investor Relations
tel. +358 50 544 6061

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