Stora Enso Key Facts
-
Upload
stora-enso -
Category
Business
-
view
3.011 -
download
1
description
Transcript of Stora Enso Key Facts
2
Stora Enso in brief
•
Stora Enso is a forest products company producing newsprint and book paper, magazine paper, fine paper, consumer board, industrial
packaging
and wood
products•
12.7 million tonnes of paper and board
•
6.9 million m3
of sawn and processed wood products
•
Sales 2008 EUR 11.0 billion•
Approximately 29 000 employees in more than 35 countries
•
Market capitalisation EUR 4.4 billion•
Shares listed on Helsinki and Stockholm stock exchanges
3
Key figures
EUR
million 2007 2008
Sales 11 849 11 029
Operating
profit* 1127 319
% of sales* 9.5 2.9
Profit
before
tax
and minority intrests* 970 152
Profit
for the period 13 -679
Earnings
per share
(EPS)*, EUR 0.94 0.18
ROCE *, % 11.3 3.4
*) excluding non-recurring items
4
Group Executive Team
CEO
Jouko
Karvinen
Wood Supply, HR,Sustainability
Elisabet
Salander
Björklund
Technology & Strategy
Bernd Rettig
CFO
Markus Rauramo
Wood Products
Hannu
Kasurinen
Packaging
Mats Nordlander
Fine Paper
Hannu
Alalauri
Publication Paper
Juha
Vanhainen
6
Breakdown by location
Number of employees Paper and board capacity
21 %10 %
7 %
5 %
5 %
1 % 1 %
17 %
33 %
Finland Sweden GermanyPoland Russia ChinaOther Europe Brazil Other countries
28 %
14 %
3 %1 %
12 %
42 %
Finland Sweden GermanyChina Brazil Other countries
7
Breakdown by segment 2008, continued operations
Operating profit, EUR 319 million*(Share
of Group’s
operating
profit)
*)excluding non-recurring items
41%
26%31%
21%
-22%-20%
23%
Sales, EUR 11 029 million
14%
19%18%
19%
13%
9%8%
Newsprint and Book Paper Magazine Paper Fine PaperConsumer Board Industrial Packaging Wood ProductsOther
8
Ownership by distribution 31 Dec 2008
% of shares % of voting power
(Non-Finnish/ Non-Swedish shareholders)
25 %
2 %
30 %
3 %
4 %
15 %21 %
Finnish Institutions Finnish state Finnish private shareholdersSwedish institutions Swedish private shareholders ADRsUnder nominee names
12 %
2 %
13 %
3 %11 %
46 %
13 %
10
What
we
do
Publication paper•
Newsprint
and book
paper: standard
newsprint, imroved
newsprint, and directory
and book
paper
•
Magazine paper: super-calendered, uncoated machine-finished, machine-
finished coated, and coated magazine paper
Fine paper•
Graphic paper (art books, upmarket magazines, catalogues)
•
Office paper (document printing paper, envelope paper, business forms, note pads etc.)
11
What
we
do
(continued)
Packaging•
Consumer
board: liquid
packaging
board, food service board, cartonboard
and graphical board
•
Industrial
packaging: corrugated packaging, containerboard, cores and
coreboard, laminating paper, paper sacks, sack and kraft
paper
Wood products•
Value added products for the construction and joinery industries
•
Sawn and processed wood products to timber retailers, merchants and importer-distributors
12
Newsprint
and Book
Paper
Products•
Standard newsprint, imroved
newsprint,
and directory
and book
paper.
Capacity •
3.0 million t/a
13
Newsprint and Book Paper
Newsprint and Book Paper
Maxau
Kvarnsveden
SachsenLangerbrugge
Hylte
Varkaus
Anjala
14
Magazine Paper
Products•
Super-calendered
(SC), uncoated
machine-finished (MF), machine- finished coated (MFC), and coated
(LWC, MWC, HWC) magazine paper.
Capacity•
3.0 million
t/a
15
Magazine Paper
Magazine Paper
Dawang
Veitsiluoto
Arapoti
Langerbrugge
Kotka
Kabel
MaxauCorbehem
Kvarnsveden
16
Fine Paper
Products•
Graphic paper (coated fine paper) is used in art books annual reports, upmarket magazines and catalogues. Office paper (uncoated fine paper) products include document printing paper, digital paper, envelope paper, business forms and paper used in school notebooks and writing pads.
Capacity •
3.2 million t/a
17
Fine Paper
Office papers
Graphic papers
Sheeting plant
Suzhou
Uetersen
Nymölla
ImatraVarkaus
OuluVeitsiluoto
Mendelsham
Antwerp
18
Consumer
Board
Products•
Liquid packaging board, food service board, cartonboard
and graphical
board.
Capacity•
2.5
million t/a
19
Consumer Board
Consumer Board
Plastic Coating Plants
Barcelona
ImatraIngeroisKarhulaFors
SkoghallForshaga
20
Industrial
Packaging
Products•
Corrugated
packaging, containerboard,
cores and coreboard, laminating paper, paper sacks, sack and kraft
paper.
Capacity•
Corrugated
packaging
1.5 billion
m2
•
Cores
0.3 million
t/a
21
Industrial Packaging
Laminating Papers
Containerboards
Corrucated
Packaging
Corenso
Pasir
Gudang
Foshan
Hangzhou
Wisconsin Rapids
Tolosana
Saint-Seurin-
Sur-L’Isle
Milton KeynesBolton
JülichKrefeld
Páty
EdamMosina
Tychy ŁodźOstrolęka
KaunasSkene
Bäckefors
RigaTallinn
LukhovitsyArzamas
BalabanovoJönköpingVikingstad Imatra
LoviisaKotka
Mohed
PoriKristiinankaupunki
RuovesiLahti
Heinola
22
Wood Products
Products•
Mass-customised, value-added products for industrial end-uses. These include glue-laminated, stress-graded and finger-jointed products and components for the construction and joinery industries. Sawn and processed wood products to timber retailers, merchants and importer-distributors.
Capacity •
Sawn
timber
6.9 million
m3
of which
3.2 million
m3
value-added
products
23
Wood Products
Wood Products
Nebolchi
Impilahti
Launkalne
Alytus
Ala
UimaharjuKitee
NäpiKopparfors
Gruvön
Veitsiluoto
Varkaus
TolkkinenKotka
Imavere
Swietajno
Murów
Amsterdam
Plana
PfarrkirchenZdirecBrandSollenauYbbs
Bad St. Leonhard
Honkalahti
25
Major Structural Changes
Gruvön
Mill ->BillerudSale of power assets outside mills
Divestment of Finnish
forest holdings
Divestment of Swedish
forest holdingsDivestment of Finnantara
plantation
Sylvester acquisitionIntercell
acquisitionScaldia
Papier
acquisition
Papeteries
de France acquisition
Schneidersöhne
Group acquisition
ConsolidatedPapers
acquisition
Stora Enso merger
Start-up of Veracel
Pulp Mill (joint venture)
19981999
2000
2002
2004
2005
2006
Sale of Dalum MillSale of Tervakoski Mill
Arapoti
acquisition
Sale of Wolfsheck
Mill, Celbi
Pulp Mill, Pankakoski
Mill, Linghed
Mill and Grycksbo
Mill
2007
Divestment
of Stora Enso North America
2008
Closing
of Berghuizer
Mill, Reisholz
Mill
and Sauga
Mill
Divestment
of Papyrus
Closing
of Summa Mill, Kemijärvi Mill, Norrsundet
Mill, Baienfurt
Mill
and Paikuse
sawmill
26
Paper Industry Concentration
Source: Pöyry
0
10
20
30
40
50
North America Western Europe Asia Latin America World
19972009
The paper industry is still relatively fragmented, with top five
firms controlling about 20-40% of the regional capacity
C(5) = combined share of top five firms
C(5) %
27
Long-term Demand Growth
by Region through 2025 Paper
and Paperboard
-1
0
1
2
3
4
5
6
7
0 20 40 60 80 100
Demand
growth, %/a
Source: PöyryShare of consumption in 2006, %
JapanNorth America
Western Europe
India
Latin AmericaRest of Asia
Oceania
China
Middle
EastRussia
Average
1.9%/a
Eastern EuropeAfrica