Stora Enso reports improved results, carbon milestone, proposes dividend

Stora Enso has published its Annual Report for 2024, highlighting a significant 53% reduction in Scope 1 and 2 greenhouse gas emissions, surpassing its 2030 target of a 50% reduction from 2019 levels. The report details the company's commitment to sustainability and proactive decarbonization efforts, which include fuel switches and energy efficiency improvements. Financially, Stora Enso reported a 6.8% increase in Q4 sales, totaling €2.32 billion, while full-year sales decreased by 3.7% to €9.05 billion. The company initiated a profit improvement program in 2024 aimed at saving €120 million annually, and its adjusted EBIT saw a substantial 74.8% year-on-year increase. Additionally, Stora Enso's Board of Directors announced the convening of the Annual General Meeting for March 2025, where key governance matters will be discussed. The company continues to pursue strategic investments, including the acquisition of Junnikkala Oy to enhance wood supply for its operations.