Stora Enso posts 161 million euro adjusted operating profit in Q3, bolstered by packaging demand, while advancing the strategic spin-off of its Swedish forestry assets.
Stora Enso reported a significant decline in IFRS net profit to 47 million euros (down from 231 million) due to non-recurring items, including asset impairments and restructuring costs. Despite this, the company achieved a 28% increase in adjusted operating profit, driven by higher packaging volumes and lower variable costs. The firm is actively restructuring its portfolio, including the planned spin-off of its Swedish forestry business, Bergslagets Skogar, and the closure of several production facilities to improve operational efficiency.
The board has approved the demerger plan, and the company is preparing for a listing in early 2027.
The decline was primarily due to -63 million euros in items affecting comparability, such as impairments and restructuring, and -51 million euros related to fair value changes in biological assets.
The company has lowered its 2026 investment estimate to approximately 500 million euros, down from the previous guidance of under 550 million euros.
Stora Enso reported a 28% increase in adjusted operating profit to 161 million euros for the third quarter of 2026, driven by higher packaging volumes and lower variable costs. Despite this growth, IFRS net profit fell significantly due to asset impairments and restructuring costs. The company is moving forward with the spin-off of its Swedish forestry business, Bergslagets Skogar, expected in early 2027.
The decline was primarily due to non-recurring items totaling -63 million euros, including asset impairments, restructuring costs, and divestments, alongside negative fair value changes in biological assets.
The board has officially approved the separation plan, and the company is preparing for a capital markets day to present the new entity's financial data, with the spin-off expected in early 2027.