(Información remitida por la empresa firmante)
STORA ENSO OYJ STOCK EXCHANGE RELEASE 29 March 2023 at 12:00 EEST
HELSINKI, March 29, 2023 /PRNewswire/ -- Update to Stora Enso's stock exchange release published today at 10:00 EEST. Restated comparison figures for the key figure "Operational ROCE excluding Forest division" added.
Group return on capital employed (operational ROCE) and return on equity (ROE)
The complete updated release is as follows:
Stora Enso's segment reporting changed as of 1 January 2023, and the Group has restated the comparative figures for its segment reporting for 2021 and 2022.From 1 January onwards, Stora Enso's reporting segments are: Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, and Other. The Paper division was discontinued as of 1 January 2023 and is not reported as a separate segment going forward. From 1 January 2023 onwards, the Maxau and Hylte paper sites are reported in Segment Other until the completion of the divestments. The divestment of the Maxau site was completed on 1 March 2023. The Langerbrugge and Anjala paper sites, which are retained in Stora Enso, are reported as part of the Packaging Materials division. From 1 January 2023, the reporting of emerging businesses, including Formed Fiber, Circular Solutions (biocomposites), and Selfly Stores, was transferred from the Packaging Solutions division to Segment Other. The comparative figures have been restated according to the new reporting structure and are presented in the tables below under heading 'Restated'. Comparative figures based on the old reporting structure are presented under the heading 'As published'.
Sales
Restated
As published
Operational EBITDA
Restated
As published
Operational EBITDA margin
Restated
As published
Operational EBIT
Restated
As published
Operational EBIT margin
Restated
As published
Cash flow from operations
Restated
As published
Cash flow after investing activities
Restated
As published
Return on operating capital (operational ROOC) and return on capital employed (operational ROCE)
Presenting return measures based on the last 12 months is an effective way to analyse the most recent financial data on an annualised basis and is considered more suitable for tracking the development of long-term targets.From Q1/2023 onwards, Stora Enso will present the operational return on capital employed (operational ROCE) based on the last 12 months prior to the end of the reporting period. This is calculated by dividing the operational EBIT of the last 12 months with the average capital employed. The average capital employed for the last 12 months is determined as the average of the published capital employed of the last five quarter-ends. Similarly, the return on operating capital (operational ROOC) for the divisions and the return on equity (ROE) for the Group will be based on the last 12 months prior to the end of the reporting period.The presentation of operational ROCE, operational ROOC and ROE based on quarter or year-to-date figures will be discontinued.
Return on operating capital (operational ROOC) and return on capital employed (operational ROCE), restated based on the last 12 months
Group return on capital employed (operational ROCE) and return on equity (ROE)
For further information, please contact: Carl NorellPress officer tel. +46 72 241 0349 Investor enquiries: Anna-Lena strm 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 and wooden construction, 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 21,000 employees and our sales in 2022 were EUR 11.7 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/investors
For further information, please contact: Carl NorellPress officer tel. +46 72 241 0349 Investor enquiries: Anna-Lena strm SVP Investor Relations Tel. +46 70 210 7691
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