Stora Enso

2024 - 2 - 1

Stora Enso Implements New Incentive Plans and Restructuring for Improved Profitability

bioeconomy sector - incentive plans - job cuts - profitability - Stora Enso

Stora Enso, a major player in the bioeconomy sector, introduces long-term incentives and job cuts to enhance competitiveness amidst market challenges.

Stora Enso, a leader in the bioeconomy sector, has recently announced the establishment of two new long-term incentive plans for key employees. These plans aim to boost motivation and performance within the Group. Additionally, the company plans to cut about 1000 jobs as part of a restructuring initiative to increase profitability and competitiveness in the face of a weak forestry market.

Despite facing a challenging market environment, Stora Enso remains focused on improving its long-term profitability. The company's latest profit improvement programme targets an annualised €80 million enhancement to address market uncertainties and sustain growth.

In terms of financial performance, Stora Enso reported a significant decrease in sales and operational EBIT for the fourth quarter of 2023 compared to the previous year. However, the company's earnings exceeded expectations, showcasing resilience amid market pressures.

Looking ahead, Stora Enso aims to drive profitability through strategic initiatives and cost-saving measures. By prioritizing efficiency and innovation, the company is positioning itself for sustainable growth and success in the evolving market landscape.

Stora Enso resolved on two new long-term incentive plans for key ... (PRNewswire)

PRNewswire/ -- The Board of Directors of Stora Enso Oyj has resolved to establish two new share-based incentive plans for the key employees of the Group and ...

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Stora Enso creates new incentive plans for key staff (Investing.com India)

HELSINKI - Stora Enso (OTC: SEOAY ) Oyj, a leader in the bioeconomy sector, has announced the establishment of two new long-term incentive plans aimed at ...

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Stora Enso creates new incentive plans for key staff By Investing.com (Investing.com UK)

HELSINKI - Stora Enso (OTC:SEOAY) Oyj, a leader in the bioeconomy sector, has announced the establishment of two new long-term incentive plans aimed at key ...

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Stora Enso to cut more jobs as forestry market weakness persists (Reuters)

Finnish forestry firm Stora Enso could lay off about 1000 employees as part of a restructuring plan aimed at boosting profit and competitiveness after ...

Stora Enso plans a programme to improve long-term profitability and ... (PRNewswire)

PRNewswire/ -- Due to the continued weak and uncertain market environment, Stora Enso plans to initiate a new profit improvement programme targeting...

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Stora Enso announces restructuring and further job cuts (EUWID Pulp and Paper)

Due to the continued weak and uncertain market environment, Stora Enso plans to initiate a new profit improvement programme targeting annualised €80m ...

Stora Enso Oyj Financial Statement Release 2023: Focus on profit ... (StreetInsider.com)

1, 2024 /PRNewswire/ --. Q4/2023 (year-on-year). Sales decreased by 24% to EUR 2,174 (2,864) million. Operational EBIT decreased to EUR 51 (355) million.

Stora Enso OYJ (STERV) Earnings Exceed Expectations with 4Q ... (Smartkarma)

Stora Enso's 4th Quarter Operating Ebit exceeded the estimates, recording EU51 million against the expected EU46.6 million. The sales for the period were at ...

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Stora Enso to cut more jobs as forestry market weakness persists By ... (Investing.com UK)

(Reuters) - Finnish forestry firm Stora Enso on Thursday said it would lay off about 1,000 employees as part of a restructuring programme aimed at improving ...

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Stora Enso To Cut More Jobs As Forestry Market Weakness Persists (ESM - The European Supermarket Magazine)

Finnish forestry firm Stora Enso said it could lay off about 1000 employees as part of a restructuring plan aimed at boosting profits and competitiveness.

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Stora Enso creates new incentive plans for key staff By Investing.com (Investing.com Australia)

HELSINKI - Stora Enso (OTC:SEOAY) Oyj, a leader in the bioeconomy sector, has announced the establishment of two new long-term incentive plans aimed at key ...

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Stora Enso reports sharp decline in Q4 and annual profits By ... (Investing.com Australia)

HELSINKI - Finnish pulp and paper manufacturer Stora Enso (OTC:SEOAY) Oyj experienced significant declines in its fourth-quarter and full-year 2023 ...

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Stora Enso sets AGM for March 20, proposes dividend hike By ... (Investing.com)

The event will be held at the Marina Congress Center in Helsinki, Finland, with advance voting options available for shareholders. The AGM agenda includes the ...

Notice to the Annual General Meeting of Stora Enso Oyj (StreetInsider.com)

STORA ENSO OYJ STOCK EXCHANGE RELEASE 1 February 2024 at 8:30 EET. HELSINKI , Feb. 1, 2024 /PRNewswire/ -- The Board of Directors of Stora Enso Oyj has ...

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More cuts at Stora Enso | OPI - Office Products International (Office Products International)

Citing a weak and uncertain market environment, European packaging firm Stora Enso is set to axe around 1000 more jobs as part of another restructuring ...

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Stora Enso to cut more jobs as forestry market weakness persists (Nasdaq)

Finnish forestry firm Stora Enso said on Thursday it could lay off about 1000 employees as part of a restructuring plan aimed at boosting profits and ...

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Stora Enso Oyj (SEOJF) Q4 2023 Earnings Call Transcript (Seeking Alpha)

Stora Enso Oyj (OTCQX:SEOJF) Q4 2023 Earnings Conference Call February 1, 2024 4:00 AM ETCompany ParticipantsHans Sohlström – President and Chief Executive.

Stora Enso to cut about 1000 employees (Lesprom Network)

Due to the continued weak and uncertain market environment, Stora Enso plans to initiate a new profit improvement programme targeting annualised Euro 80 ...

Stora Enso Oyj Full Year 2023 Earnings: EPS Misses Expectations (Simply Wall St)

Stora Enso Oyj ( HEL:STERV ) Full Year 2023 Results Key Financial Results Revenue: €9.40b (down 20% from FY 2022). Net...

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Stora Enso to terminate a thousand jobs to restore profitability (Helsinki Times)

The Finnish forest industry giant announced a new profit improvement programme on Thursday, saying it is targeting an annualised improvement of 80 million ...

Stora Enso plans a programme to improve long-term profitability and ... (PRNewswire)

PRNewswire/ -- Due to the continued weak and uncertain market environment, Stora Enso plans to initiate a new profit improvement programme targeting...

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Stora Enso creates new incentive plans for key staff By Investing.com (Investing.com)

HELSINKI - Stora Enso (OTC:SEOAY) Oyj, a leader in the bioeconomy sector, has announced the establishment of two new long-term incentive plans aimed at key ...

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Stora Enso unveils profit-boosting plan amid market headwinds (Packaging Gateway)

Stora Enso, a global provider in the paper, pulp, and biomaterials industry, has revealed its plans for a new profit improvement programme in response to ...

Stora Enso: Another weak quarter prompts further restructuring (marketscreener.com)

Stora Enso Oyj is a Finland-based provider of renewable solutions in packaging, biomaterials, wooden construction and paper industries.

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Printweek - Stora Enso profit improvement drive could see 1000 job ... (printweek.com)

Stora Enso has initiated a new profit improvement programme targeting annualised €80m (£68.2m) improvement of its operational EBIT that it said could lead ...

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Stora Enso Oyj (OTCMKTS:SEOAY) Posts Quarterly Earnings ... (MarketBeat)

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) issued its quarterly earnings data on Thursday. The basic materials company reported ($0.69) earnings per ...

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