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Stora Enso has introduced the newest addition to its NaturaFluff pulp product portfolio, NaturaFluff Eco by Stora Enso. NaturaFluff Eco is a new fluff pulp grade with a lower carbon footprint, enabling producers of hygiene products – such as baby diapers, incontinence pads and feminine care – to offer consumers a new generation of environmentally friendly, absorbent hygiene products.

Consumers are increasingly looking for products that are natural, safe to use and have a low environmental footprint. NaturaFluff Eco is an oxygen-delignified fluff pulp, which means that no bleaching chemicals are used in its production. As a result, the fluff pulp has a warm, natural beige colour and a roughly 30% lower carbon footprint in comparison to traditional fluff pulp, without compromising on product performance.

NaturaFluff Eco is perfectly suited for use in demanding hygiene applications, such as baby care, feminine care, and adult incontinence care products, or in air-laid nonwoven materials such as napkins, table-tops and various pads.

NaturaFluff Eco2NaturaFluff Eco2

“By removing bleaching from the production process and only treating the pulp with oxygen to remove lignin, we have produced a fluff pulp with a significantly lower carbon footprint, while still providing the excellent performance properties of our regular fluff pulp,” says Kirsi Seppäläinen, SVP Marketing, Competitive Intelligence and Product Management at Stora Enso’s Biomaterials division.

“This new NaturaFluff pulp grade fulfils all the requirements of a purely natural raw material. It is made from wood and comes from sustainably managed forests. Its light beige hue clearly communicates the natural source of its origin, and as a raw material, it is fully biodegradable,” Seppäläinen adds.

Stora Enso produces its fluff pulp, including NaturaFluff Eco, at its Skutskär Mill in Sweden, where the first commercial volumes have recently been completed. Producers of absorbent hygiene products are now trialling the new material for use on consumer markets.

All Stora Enso’s NaturaFluff pulp grades fulfil the requirements of all common eco-labels such as the EU Eco label, Nordic Swan and Blue Angel, among others. Stora Enso’s fluff pulp is FSC® and PEFC™ certified, which means that the final products come from responsibly managed forests.

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 23 000 employees, and sales in over 50 countries. Our sales in 2020 were EUR 8.6 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

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Stora Enso is investing EUR 97 million to expand the board production at the Skoghall site in Sweden.  At the same time, Stora Enso is initiating a pre-feasibility study to convert the second, currently idle, line at its Oulu site in Finland, to a packaging board line.

Market demand for sustainable packaging is increasing. Stora Enso is a global leader in consumer packaging with strong market positions in attractive end-uses. The investment in Skoghall will further drive profitable growth in attractive end-use segments, such as liquid packaging board and coated unbleached kraftliner, and is expected to be completed in the second half of 2023. Following the investment, the annual packaging board production at Skoghall can be increased by approximately 100 000 tonnes, to a total capacity exceeding 900 000 tonnes, subject to environmental permits.

The investment decision follows the completion of the feasibility study announced in November 2020. Based on the study, Stora Enso has decided not to go ahead with the originally planned pulp capacity expansion. The original feasibility study had an estimated capital expenditure of approximately EUR 800–850 million for both pulp and board capacity expansion. The board expansion in Skoghall will be implemented through debottlenecking of one of the existing production lines, and executed in two steps, utilising the scheduled maintenance stops.

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Growth in sustainable packaging is a long-term strategic objective for Stora Enso. Following the successful conversion in Oulu from paper to kraftliner production for food applications, Stora Enso has decided to initiate a pre-feasibility study to convert the second, idle paper line into a packaging board line. The first conversion ramp-up in Oulu has proceeded ahead of plan since production started at the beginning of the year. A second conversion would further improve the Oulu site’s flexibility and competitiveness, through integrated pulp availability, additional fixed and variable cost savings, and ability to utilise the adjacent deep-sea harbour. The pre-feasibility study will be completed early 2022.

“Skoghall is one of our key integrated production sites for eco-friendly packaging materials. The investment strengthens Stora Enso’s capability to produce high-quality and cost-competitive consumer board grades within the growing core segments of liquid and food packaging. In Oulu, the ramp-up of the first converted production line has been successfully executed, reaching towards full capacity, quality requirements as well as profitability ahead of plan. Through both these growth initiatives we are demonstrating speedy time-to-market and ability to respond to the increasing demand for more sustainable packaging,” says Hannu Kasurinen, EVP Stora Enso’s Packaging Materials division. 

Stora Enso’s Skoghall site in western Sweden is a modern, world-class producer of consumer packaging board, for liquid packaging and dry food packaging. Total annual production currently exceeds 800 000 tonnes of board. 

Stora Enso’s Oulu site is a premium kraftliner producer in northern Finland. In early 2021, one of two former paper machines, was converted to kraftliner for consumer packaging applications. The pulp mill and drying machine were modified to produce unbleached brown pulp. The second former paper production line has been kept idle in the meantime. When fully ramped up, the annual capacity of the first line is 450 000 tonnes of kraftliner and 550 000 tonnes of pulp.

Earlier releases:
11 November 2020: Stora Enso to start feasibility study for expanding pulp and board capacity at Skoghall Mill
29 January 2021: Production started at Stora Enso’s Oulu Mill

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 23 000 employees, and sales in over 50 countries. Our sales in 2020 were EUR 8.6 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com

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Stora Enso’s ambition is to offer 100% regenerative products and solutions by 2050. By adopting a regenerative stance, Stora Enso is shifting its sustainability goals from minimising negative environmental impact to becoming a net positive1 contributor within the defined focus areas of climate, circularity and biodiversity by 2050.

Being regenerative means providing renewable and fully circular products and solutions that help reduce climate impact and support biodiversity restoration.

“As a renewable materials company, our core business is about offering solutions to sustainability challenges. To balance staying within planetary boundaries and securing economic and social progress, the world needs a transformation away from fossil dependency and a linear economy. With this commitment Stora Enso aims to be a leading actor in driving the transformation towards a biobased circular economy. We will be transparent with our progress, taking a science-based approach, to offer regenerative solutions that not only mitigate environmental impact, but restore and rebuild,” says Annica Bresky, Stora Enso’s President and CEO.

New sustainability targets

Stora Enso is also committing to new 2030 targets for its key sustainability priorities: climate change, biodiversity and circularity.

With its updated science-based targets, Stora Enso commits to reducing absolute scope 1 and 22 greenhouse gas (GHG) emissions from operations by 50% by 2030 from the 2019 base-year, aligned with the 1.5-degree scenario. Stora Enso also commits to an ambitious target to reduce scope 32 GHG emissions by 50% by 2030 from the 2019 base-year. The science-based targets have been approved by the Science Based Targets initiative, a partnership between CDP, the United Nations Global Compact (UNGC), the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).

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As part of its new ambition, Stora Enso commits to achieving a net-positive impact on biodiversity in its own forests and plantations by 2050 through active biodiversity management. A set of actions towards 2030 has been developed and initiated to improve biodiversity on species, habitat and landscape levels.

“Stora Enso uses its own forest in Sweden as a development platform for enhancing biodiversity. We will, for example, increase the share of broad-leaved trees and the amount of dead wood. Continuous cover forestry will be tested to evaluate its impact on biodiversity and forest growth in areas suitable for this method. Furthermore, Stora Enso will unify and expand performance evaluations that assess the quality of our work in Finland, Sweden, Russia and the Baltics in order to enhance biodiversity,” says Jari Suominen, Executive Vice President, Forest Division at Stora Enso.

Our work will be supported by a science-based monitoring programme and more than 15 indicators tracking progress on the species, habitat and landscape levels. During 2022 Stora Enso will start to share data on its progress through a new online reporting tool and support forest owners with enhanced biodiversity services. As a global renewable materials company, Stora Enso also aims to improve biodiversity globally, even beyond the forest sector, through knowledge sharing and active participation in formulating new policies and standards.

Stora Enso’s circular economy target outlines the commitment to transparent and circular material flows that help minimise waste and combat climate change. The interim targets for this include achieving 100% recyclable products by 2030. Flagship projects focused on infrastructure will help drive recycling at scale. This involves engagement along our value chain and new circular business models.

1) Net Positive refers to a way of doing business where our products are being recycled, where we remove more CO2 from the atmosphere than we emit and enhance biodiversity.
2) Scope 1: Direct fossil CO2e emissions from production. Scope 2: Indirect fossil CO2e emissions related to purchased electricity and heat. Scope 3: Emissions from other sources along our value chain.

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 23 000 employees, and sales in over 50 countries. Our sales in 2020 were EUR 8.6 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

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Stora Enso has completed the union negotiations regarding the closure of pulp and paper production at Kvarnsveden. A total of 340 people will be permanently laid off. Some 25% of the redundancies can be managed through pension arrangements, and 100 people have already found new jobs within Stora Enso or with an external employer. The redundancies will mostly take effect in November.

In April 2021, Stora Enso announced a plan to permanently close down pulp and paper production at its Kvarnsveden site due to the declining paper market. As a result of the co-determination negotiations regarding the Kvarnsveden site, pulp and paper production will be closed permanently from 30 September 2021. The customer service centre at Kvarnsveden will be closed by 31 December 2021. The power plant will continue to operate, but only for the purpose of district heating and for maintaining the buildings onsite.

stora new 2017When the co-determination plan was announced in April, the maximum personnel impact was estimated to be 440 people. As a result of the negotiations, 340 people will be permanently laid off. Some 25% of the redundancies can be managed through pension arrangements, and 100 people have already found new jobs within Stora Enso or with an external employer. This includes employees who will work with energy production at the power plant. The redundancies will mostly take place in November.

Stora Enso offers individual support to the affected employees. This includes re-training and relocation support for people who transfer to other locations for work. We will also offer financial support for employees starting up their own companies. Stora Enso collaborates with the City of Borlänge and other local and regional stakeholders through various activities, such as recruitment fairs.

Stora Enso has initiated a project to find future options for the Kvarnsveden site. The process is being coordinated with the City of Borlänge and other regional and national stakeholders. The Kvarnsveden site offers many advantages for future use, including strong industrial infrastructure, a railway connection to Gothenburg harbour, a connection to the national electricity grid, and availability of clean water.

Stora Enso continues to produce supercalendered (SC) papers at its Langerbrugge site in Belgium and its Maxau site in Germany, and improved newsprint at the Anjala site in Finland.

Earlier releases about the plan for the Kvarnsveden and Veitsiluoto sites:
20 April 2021: Stora Enso initiates a plan to permanently close down pulp and paper production at Kvarnsveden and Veitsiluoto mills
17 June 2021: Stora Enso completes co-determination negotiations at Veitsiluoto site
1 July 2021: Stora Enso completes co-determination negotiations at Kvarnsveden site concerning the closure of pulp and paper production

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 23 000 employees, and sales in over 50 countries. Our sales in 2020 were EUR 8.6 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com

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Stora Enso has completed the co-determination negotiations concerning the closing down the pulp and paper production at its Kvarnsveden site in Sweden. The closure will take place by the end of the third quarter of 2021.

stora new 2017In April 2021, Stora Enso announced a plan to permanently close down pulp and paper production at its Kvarnsveden site due to the declining paper market. As a result of the co-determination negotiations regarding the Kvarnsveden site, pulp and paper production will be closed permanently by the end of the third quarter of 2021.The customer service centre located at Kvarnsveden will be closed down by the end of 2021. Power plant will continue to operate, however only for the purpose of district heating and for maintaining buildings onsite.

When the co-determination plan was announced in April, the maximum personnel impact was estimated to be 440 people. Following the closure decision, co-determination negotiations regarding personnel impact and the related redundancies will begin shortly. No lay-offs will be executed before these negotiations have been concluded.

Stora Enso has initiated a project to find future options for the Kvarnsveden site. The process is coordinated with the City of Borlänge and other regional and national stakeholders. Kvarnsveden site offers many advantages for future use, including strong industrial infrastructure, a railway connection to Gothenburg harbor, a connection to the national electricity grid, and availability of clean water.

Stora Enso continues to produce supercalendered (SC) papers at Langerbrugge site in Belgium and Maxau site in Germany, and improved newsprint at Anjala site in Finland and Sachsen site in Germany.

Earlier releases about the plan for Kvarnsveden and Veitsiluoto sites:

20 April 2021: Stora Enso initiates a plan to permanently close down pulp and paper production at Kvarnsveden and Veitsiluoto mills

17 June 2021: Stora Enso completes co-determination negotiations at Veitsiluoto site

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 23 000 employees, and sales in over 50 countries. Our sales in 2020 were EUR 8.6 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

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Stora Enso has decided to invest EUR 21 million to improve the competitiveness and environmental performance of the Anjala-Ingerois production sites. Stora Enso will also invest EUR 26 million in modernising the pulp production at Nymölla in Sweden.

The goal of the investment at Anjala paper- and Ingerois board production sites is to reduce the emissions and to ensure flexible use of different fuel mixtures in heat production. The project work is planned to start during the second quarter of 2021 and to be completed in the third quarter of 2023.

stora new 2017The project at Nymölla is the second modernisation step towards making the pulp production process more competitive and sustainable for the future. The objective of the investment is to increase the annual softwood pulp production capacity from approximately 220 000 tonnes to 245 000 tonnes. The modernisation is planned to start during the second quarter of 2021 and to be completed in the third quarter of 2022.

“These investments will improve the competitiveness of both sites and at the same time contribute to our sustainability performance,” says Kati ter Horst, Executive Vice President, Paper division at Stora Enso.

Stora Enso in Anjala-Ingerois
In Anjala Stora Enso produces book papers, magazine papers and improved newsprint. The annual production capacity is 435 000 tonnes of paper. The site employs approximately 300 people and is closely integrated with the neighbouring Stora Enso Ingerois production site, utilising synergies in raw material and energy supply. In Ingerois Stora Enso produces folding boxboard, with an annual production capacity of 295 000 tonnes. The site employs approximately 200 people.

Stora Enso in Nymölla
In Nymölla Stora Enso produces chemical pulp and woodfree uncoated paper for office use. The annual production capacity is 485 000 tonnes of paper and 330 000 tonnes of pulp. The site employs approximately 500 people.

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 23 000 employees, and sales in over 50 countries. Our sales in 2020 were EUR 8.6 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

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Stora Enso has signed an agreement to divest its Sachsen Mill located in Eilenburg, Germany, to the Swiss-based family-owned company Model Group. Sachsen Mill has an annual production capacity of 310 000 tonnes of newsprint specialty paper based on recycled paper.

Under the agreement, Model Group will own and operate Sachsen Mill after the transaction is closed. Stora Enso will continue to sell and distribute Sachsen’s paper products under a contract manufacturing agreement for a period of 18 months after the closing. After that period, Model will convert the mill to the production of containerboard. All 230 employees at Sachsen Mill will move to Model Group with the transaction.

“We believe Model will be a good owner to ensure long-term development of the Sachsen Mill. We will continue to serve our customers with high quality paper products from Sachsen Mill at least until the end of 2022,” said Kati ter Horst, EVP, Stora Enso’s Paper division.

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”Sachsen Mill is a perfect fit into our value chain within our existing network of operations, and we are looking forward to developing the site further,” said Daniel Model, Chairman and CEO.

The enterprise value of the transaction is EUR 35 million, subject to customary purchase price adjustments. The impact on Stora Enso’s operational EBIT or net debt is not considered material. Stora Enso will book a one-time cost of approximately EUR 32 million in its IFRS operating profit in the second quarter of 2021, considered as an item affecting comparability (IAC). The transaction is expected to be closed during the third quarter of 2021.

About Model Group
Model Holding AG is a 100% family-owned company founded in 1882. Headquartered in Weinfelden, Switzerland, Model Group develops, produces and delivers innovative packaging solutions using cardboard and corrugated board. The company has 9 corrugating production plants in Europe, and it produces containerboard paper at two sites, Weinfelden and Niedergösgen, in Switzerland. The company revenue in 2020 was CHF 859 million and the number of employees 4 225. More info at www.modelgroup.com

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 23 000 employees, and sales in over 50 countries. Our sales in 2020 were EUR 8.6 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com

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Stora Enso has decided to commence a feasibility study and environmental permit application process on enhancing and expanding the pulp- and board-making capabilities at its Skoghall Mill in Sweden. The investment would leverage the already strong mill into an integrated, highly cost-competitive and environmentally-friendly producer of packaging board and bleached softwood market pulp. The investment would serve customers globally and further establish Stora Enso as a provider of high-quality, renewable packaging materials.

The feasibility study will evaluate a possible upgrade and expansion of existing integrated pulp capacity from 370 000 tonnes to 780 000 tonnes annually and a possible increase of 120 000 tonnes in board capacity. After the investment, the mill would be integrated close to 100%, with an additional 220 000 tonnes of softwood market pulp. This would enable a further increase in cost-competitive board production. The project would also significantly lower the fossil CO2 emissions of production. The findings of a recently completed pre-feasibility study supported continuation of the investment process.

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If the investment is approved following the feasibility study and environmental permit application process, the capital expenditure for the upgrade and expansion is estimated to be approximately EUR 800–850 million. The feasibility study is expected to be completed by the end of 2021. Production would start earliest in Q4/2023. Currently, Skoghall Mill has an annual production capacity of 885 000 tonnes of packaging board.

“Skoghall Mill is one of our core integrated platforms for packaging materials. The investment would allow us to grow and be more flexible in serving our customers and meet an increasing demand for sustainable packaging among consumers. The investment would be in line with our strategy to accelerate growth in the packaging business as well as to develop the competitiveness of our mills based on economies of scale and integration benefits. It would also bolster the potential of profitable growth in attractive packaging end-use segments, such as liquid packaging board and coated unbleached kraft. The possible decision regarding an expansion of Skoghall Mill will be made once the feasibility study has been completed and pending the outcome of the environmental permit application process with local authorities,” says Hannu Kasurinen, EVP, Stora Enso’s Packaging Materials division.

Investor enquiries:
Ulla Paajanen
SVP, Investor Relations
tel. +358 40 763 8767

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 25 000 employees in over 30 countries. Our sales in 2019 were EUR 10.1 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com

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stora new 2017Stora Enso has completed the co-determination negotiations concerning the closure of one standard newsprint paper machine (PM3) and the deinking plant at Stora Enso’s Hylte Mill in Sweden. The maximum personnel impact is 140 people.

As a result of the co-determination negotiations, PM3 will be shut down by the end of 2020 and the DIP latest in Q2 2021. Negotiations on organizational restructuring, including the risk analysis, have started.

Stora Enso will continue to produce standard newsprint at Hylte, Langerbrugge and Sachsen mills. The closure of Hylte Mill PM3 will not impact Stora Enso’s newsprint product offering, and we will be able to serve our customers as today.

Investor enquiries:
Ulla Paajanen
SVP, Investor Relations
tel. +358 40 763 8767

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 25 000 employees in over 30 countries. Our sales in 2018 were EUR 10.5 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com

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Stora Enso will be the presenting sponsor for the FIS Nordic World Ski Championships 2023 in Planica, Slovenia and in Trondheim, Norway in 2025.

This marks the fifth and sixth time that Stora Enso will be sponsoring the Nordic World Ski Championships. The company will be presenting sponsor for the upcoming event in Oberstdorf, Germany in 2021 and previously served as presenting sponsor for the 2019 event in Seefeld, Austria, and the 2017 event in Lahti, Finland, as well as being the main sponsor in Falun, Sweden in 2015.

“We are excited to prolong our sponsoring of the FIS Nordic World Ski Championships until 2025. Our renewable products made of wood give us the opportunity to contribute to making these world-class sustainable events,” says Annica Bresky, President and CEO, Stora Enso.

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Stora Enso’s products made of wood are more climate-friendly and have a lower carbon footprint compared to many products made from fossil-based materials. Throughout the events, Stora Enso will showcase its sustainable products and solutions in numerous applications such as wooden buildings, juice cartons, paper cups, paper bags, medal boxes, prize podiums and awards. Stora Enso will also contribute to the circularity of the championships by providing expertise within these areas.

“Stora Enso is a role model sponsor for FIS with their proactive support of the local organising committees' sustainability initiatives with practical measures. We are extremely pleased that Stora Enso has extended its engagement for the FIS Nordic World Ski Championships through to 2025. The company’s strong eco-friendly philosophy and actions will have a chance to truly shine with the engaged hosts of Planica and Trondheim, both of whom have highlighted sustainability at the core of the Championships' DNA. It is truly a perfect fit for all parties,” says Sarah Lewis, Secretary General of the International Ski Federation (FIS).

“The Nordic World Ski Championships provide an excellent platform to increase brand awareness while promoting the benefits of using fossil free and recyclable products to combat global warming. Together with the International Ski Federation and the local organising committees, we are committed to contributing to a more eco-friendly future,” says Annica Bresky.

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 25 000 employees in over 30 countries. Our sales in 2019 were EUR 10.1 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com

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