STORA ENSO OYJ INVESTOR NEWS 1 March
2023 at 9:00 EET
HELSINKI, March 1,
2023 /PRNewswire/ -- Stora Enso has completed
the divestment of its Maxau paper production site in Germany, and all related assets to Schwarz
Produktion, part of Schwarz Group. The divestment announced on
13 September 2022 was completed today
after regulatory approvals. The enterprise value of the transaction
is approximately EUR 210
million.
The transaction will reduce Stora Enso's annual SC
(supercalendered) paper capacity by 530,000 tonnes. Based on the
2022 figures, the divestment is expected to reduce Stora Enso's
annual sales by approximately EUR 385
million. Subject to closing date adjustments, Stora Enso
will book a one-time disposal gain of approximately EUR 55 million in its IFRS operating profit in
the first quarter of 2023, considered as an item affecting
comparability.
This transaction is part of the earlier announced plan to divest
four of Stora Enso's five paper production sites. The plan was
concluded earlier this year when Stora Enso signed an agreement to
divest its paper production site in Hylte and discontinued the
Anjala site divestment process. The divestment of the Nymölla paper
site in Sweden was completed on 2
January with ownership transferred to Sylvamo. In line with its
strategy, Stora Enso's focus is on long-term growth potential for
its renewable products in packaging, building solutions and
biomaterials innovations.
About Schwarz Produktion
Schwarz Produktion is the umbrella brand for the production
companies of Schwarz Group. In total, more than 4,500 employees in
the Schwarz Produktion companies produce high-quality food as well
as sustainable packaging and materials for the retail companies
Lidl and Kaufland. In addition to mineral water and soft drinks,
the Schwarz Produktion companies also produce chocolate, dried
fruit, baked goods, coffee and ice cream. In addition, three
plastic and recycling plants are a central component of a unique
PET materials cycle. Further information about Schwarz Group here:
gruppe.schwarz/en.
Recent releases about Stora Enso's paper assets:
27 January 2023: Stora Enso signs an agreement to divest its
Hylte paper site and will discontinue the Anjala site divestment
process
2 January 2023: Stora Enso completes the divestment of its
Nymölla paper site to Sylvamo
13 September 2022: Stora Enso has signed an agreement to
divest its Maxau paper site to Schwarz Produktion
29 March 2022: Stora Enso plans to
divest four paper sites to focus on strategic growth areas
For further information, please contact:
Carl Norell
Press officer
tel. +46 72 241 0349
Investor enquiries:
Anna-Lena Åström
SVP Investor Relations
Tel. +46 70 210 7691
Part of the global bioeconomy, Stora Enso is a leading provider of
renewable products in packaging, biomaterials and wooden
construction, and one of the largest private forest owners in the
world. We believe that everything that is made from fossil-based
materials today can be made from a tree tomorrow. Stora Enso has
approximately 21,000 employees and our sales in 2022 were
EUR 11.7 billion. Stora Enso shares
are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq
Stockholm AB (STE A, STE R). In addition, the shares are traded in
the USA as ADRs (SEOAY).
storaenso.com/investors
STORA ENSO OYJ
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