Stora Enso Oyj (STERV) Earnings Call Transcripts

Stora Enso Oyj's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Stora Enso Oyj reported stable sales of EUR 2.4 billion and EBIT of EUR 159 million, reflecting a resilient performance despite challenging market conditions. Management emphasized that their internal actions have been the primary driver of results, with ongoing ramp-up costs from the new consumer board line at Oulu impacting profitability. Looking ahead, the company maintains its strategic focus on margin expansion and has identified EUR 500 million to EUR 700 million in value creation initiatives over the next 2 to 4 years, although they expect continued pressure from market headwinds in the short term.

Reported metrics

Guidance from management

Management expects continued pressure on profitability from the ramp-up of the Oulu line and market conditions but remains confident in achieving full operational performance by 2027. They reiterated their commitment to margin expansion through ongoing value creation initiatives.

What management said

Yes. Thank you very much, Cal. Well, first of all, sequentially, our volumes improved, and so in that respect, that was partly a contributor. But the main part of all the improvement really comes from our own actions, the value creation programs, the thousands of programs which is a culture in our company where we continuously improve and drive performance in every middle, every operation and also every business area...

And then maybe, Cal to add, I mean, on the '26 and so on -- we don't provide an exact number. But of course, going back to kind of the CMD, we had this EUR 500 million to EUR 700 million target over the next 2 to 4 years. As Hans said, that's kind of -- we work across all businesses, all functions, everything on these thousands of initiatives any one day. And of course, we push it as hard as possible, but think about...

What analysts pressed on

Analysts expressed concerns regarding the impact of geopolitical tensions on consumer confidence and demand. There were also questions about the sustainability of cost improvements and how market dynamics might affect pricing and competition moving forward.

Main topics on the call

• Stable Revenue Amid Challenging Conditions — Stora Enso reported sales of EUR 2.4 billion in Q1 2026, which was stable year-over-year, despite a challenging market environment. CEO Hans Sohlstrom noted, "Demand in our main markets stayed at a relatively low level a...
• Impact of Oulu Ramp-Up on Profitability — The ramp-up of the new consumer board line at Oulu negatively impacted profitability by EUR 29 million in Q1. Management indicated that while the ramp-up affects short-term results, they are confident in achieving full o...
• Value Creation Initiatives — Stora Enso has identified EUR 500 million to EUR 700 million in value creation initiatives aimed at margin expansion over the next 2 to 4 years. Niclas Rosenlew stated, "We are pushing it as hard as possible, but think a...
• Demerger of Swedish Forest Assets — Preparations for the separation of Stora Enso's Swedish forest assets into a new publicly listed company, Bergslagets Skogar, are progressing as planned, with completion expected in the first half of 2027. This strategic...

Read the full Stora Enso Oyj transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 36 Stora Enso Oyj earnings call transcripts on record, spanning January 30, 2020 to July 23, 2026. Based on this history, Stora Enso Oyj reports quarterly. The most recent call on file is dated July 23, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

STERV

Exchange

HLSE

Country

FI

Sector

Materials

Industry

Paper and Forest Products

Calls on record

36

First call

January 30, 2020

Most recent

July 23, 2026

Reporting cadence

quarterly