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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