Stora Enso Updates Comparative Figures Following Changes to Segment Reporting

Stora Enso today announced updated comparative financial figures reflecting changes to its segment reporting structure, effective January 1, 2026.

The updated figures restate the Group’s 2025 financial performance to align with its new reporting framework, introduced to better reflect the company’s strategic focus and operational structure.

New Reporting Structure

Effective January 1, 2026, Stora Enso’s reportable segments are:

• Consumer Packaging

• Integrated Packaging

• Biomaterials

• Other

These changes are designed to enhance transparency and align reporting with the company’s focus on renewable materials and packaging solutions.

• Consumer Packaging combines cartonboard and foodservice & liquid board businesses

• Integrated Packaging integrates containerboard and packaging solutions

• Biomaterials continues as a standalone segment

• Other includes wood & energy, forest assets, and group functions

Discontinued and Reallocated Segments

As part of the restructuring:

• The Wood Products and Forest segments have been discontinued as separate reporting units

• Northern European wood products operations have been integrated into packaging and biomaterials segments

• Swedish forest assets and certain wood operations are now reported under “Other”

Additionally:

• Forestry-related associated companies and energy assets are now allocated across segments based on consumption

• The Growth business unit has been reclassified under “Other”

Restated Financial Highlights (2025)

Under the new structure:

• Total sales remained unchanged at EUR 9.33 billion

• Q4 2025 sales totaled EUR 2.25 billion

• Adjusted EBITDA for FY2025 was EUR 1.14 billion

Segment-level highlights (FY2025):

• Consumer Packaging: EUR 3.69 billion

• Integrated Packaging: EUR 2.36 billion

• Biomaterials: EUR 1.56 billion

• Other: EUR 2.50 billion

The restatement does not impact the Group’s total financial results but reallocates performance across segments for improved comparability.

Strategic Rationale

The updated reporting structure reflects Stora Enso’s broader transformation strategy:

• Strengthening leadership in renewable packaging and biomaterials

• Driving operational synergies across integrated business areas

• Improving decision-making transparency for investors and stakeholders

The company previously announced that the new structure would support long-term growth, margin expansion, and capital efficiency.