Finnish pulp and packaging group Stora Enso will introduce a new financial reporting model and revised financial targets from 1 January 2026, in a move to support its emphasis on renewable materials and packaging.
The restructuring of its reporting lines comes after the company decided to separate its Swedish forest holdings into a listed public entity and launched a review of its Central European sawmilling and building solutions activities.
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From the start of 2026, Stora Enso will incorporate a new four-segment reporting model: consumer packaging, integrated packaging, biomaterials and other.
This replaces its previous six-segment reporting structure.
Consumer packaging will cover the cartonboard, foodservice and liquid board business areas.
Integrated packaging will bring together containerboard and packaging solutions.
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By GlobalDataThe biomaterials segment under the current structure will remain in place, while the “other” category will house the wood and energy business area.
Wood products operations in Northern Europe that are not part of the review announced on 14 November 2025 will be allocated to the packaging and biomaterials segments, according to the profit and loss responsibility of each business unit.
The Swedish forest assets and the Central European sawmilling and building solutions businesses under review will be reported within the “other” category.
The company plans to publish restated comparison figures reflecting the new segment structure in the first quarter of 2026.
Alongside the reporting changes, Stora Enso has set new financial objectives for the business cycle.
These include an adjusted earnings before interest and taxation (EBIT) margin of more than 10%, revenue growth above 4%, and a payout ratio exceeding 50%.
The group is also targeting a net debt to adjusted earnings before interest, taxation, depreciation and amortisation ratio below 1x, with the option to rise temporarily to 2 times in connection with strategic investments.
Stora Enso reported a 28% decline in adjusted earnings before interest and taxes (EBIT) to €126m in the third quarter (Q3) of 2025, down from €175m a year earlier.
The group stated that the ramp-up of a consumer board line at its Oulu site had a €45m negative effect on the quarter.
Its adjusted EBIT margin narrowed to 5.5% in Q3 2025 from 7.8% in the same period of 2024.
