Stora Enso Reports 1% Sales Growth Despite Market Challenges, Advances Strategic Forest Asset Review

Stora Enso Oyj reported a 1% increase in sales to EUR 2,283 million for Q3 2025, driven primarily by acquisitions and the ramp-up of a consumer packaging board line at its Oulu, Finland site. However, adjusted EBIT declined 28% to EUR 126 million, impacted by EUR 45 million from the ongoing ramp-up. The adjusted EBIT margin decreased to 5.5%. The company completed the divestment of 12.4% of its Swedish forest land in September for SEK 9.8 billion (~EUR 900 million) and continues to review the remaining forest assets, including a potential public listing. Market conditions remain subdued with low consumer confidence and geopolitical uncertainties, while production volumes in Oulu are gradually increasing. Stora Enso expects continued challenges in Q4, with an EBIT impact from the ramp-up estimated at a negative EUR 15–35 million. The firm maintains focus on operational efficiency, profitability, and a leaner organization centered on renewable packaging as core business.