HELSINKI, Finland, March 2, 2022 /PRNewswire/ -- STORA ENSO OYJ
INVESTOR NEWS, 2 MARCH 2022 AT
10:00 EET
Stora Enso today announced that they will stop all production
and sales in Russia until further
notice due to the ongoing invasion in Ukraine. Stora Enso has three corrugated
packaging plants and two wood products sawmills in Russia, employing around 1,100 people. The
Company will also stop all export and import to and from
Russia. A mitigation plan has been
activated to secure availability of input materials from other
sources.
"The war in Ukraine is
unacceptable and we are fully behind all sanctions. We will now
focus all our attention on supporting our customers and the
well-being of our employees," says Annica Bresky, President and CEO.
Stora Enso's sales in Russia is
approximately 3% of total Group revenues. The impact on Stora
Enso's sales and EBIT is not material.
For further information, please contact:
Carl Norell
Press officer
tel. +46 72 241 0349
Investor enquiries:
Anna-Lena Åström
SVP Investor Relations
Tel. +46 70 210 7691
Part of the global bioeconomy, Stora Enso is a leading provider
of renewable products in packaging, biomaterials, wooden
construction and paper, and one of the largest private forest
owners in the world. We believe that everything that is made from
fossil-based materials today can be made from a tree tomorrow.
Stora Enso has approximately 22,000 employees and our sales in 2021
were EUR 10.2 billion. Stora Enso
shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq
Stockholm AB (STE A, STE R). In addition, the shares are traded in
the USA as ADRs (SEOAY).
storaenso.com
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