10202020Tue
Last updateMon, 19 Oct 2020 4pm
>>

CEO Karl-Henrik Sundström: Our transformation strategy continues to deliver sustainable profitable growth

Stora Enso’s Capital Markets Day takes place in Helsinki on Wednesday 7 November. The theme of the day is “Creating value in the bioeconomy”.

“I am pleased how Stora Enso demonstrates ability to create value in the bioeconomy and successfully delivers sustainable profitable growth. We are perfectly positioned to benefit from the global megatrends, as we see many new opportunities for our renewable products to replace fossil-based materials,” says CEO Karl-Henrik Sundström.

During the day, Stora Enso will present its strategy and all five business divisions.

Capital expenditure for 2019
Stora Enso maintains its capital expenditure (excluding investments to biological assets) at the level of depreciation. In 2019, the estimated capital expenditure will be EUR 550–600 million, including EUR 100 million for biological assets. The forecasted annual depreciation is EUR 490–510 million and operational decrease in the value of biological assets EUR 50–70 million. Capital expenditure amounts do not include potential acquisitions or divestments and are excluding the impact of IFRS 16 Leases.
www.storaenso.com

comments

Related articles

  • Latest Post

  • Most Read

  • Twitter

Who's Online

We have 1794 guests and one member online

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.