The most popular Stora Enso group released its 201

2022-08-17
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Stora Enso group released the financial report for the half year of 2015, revealing that Guangxi packaging cardboard factory will operate in the middle of 2016. Release date: Source: Internet editor: China Packaging browsing times: 1264 copyright and disclaimer

core tip: the sales in the second quarter of 2015 (compared with the second quarter of 2014) was 2.562 billion euros (2.579 billion euros in the second quarter of 2014), a year-on-year decrease of 0.7%. Excluding the structurally declining paper business and the divested business, the sales increased by 4.8% year-on-year, mainly due to the capacity improvement of Montes del Plata pulp mill

[China Packaging News] in the second quarter of 2015 (compared with the second quarter of 2014), the sales volume was 2.562 billion euros (2.579 billion euros in the second quarter of 2014), a year-on-year decrease of 0.7%. If the paper with structural decline is not included in the scope of the base statistics, the sales of the above 29 businesses and stripped businesses increased by 4.8% year-on-year, mainly due to the capacity improvement of Montes del Plata pulp mill

operating EBIT was 207 million euros (209 million euros in the second quarter of 2014). Our operating EBIT margin remained at 8.1% despite the fact that the packaging board business unit reduced its revenue by 12million euros due to the failure to meet the expected production

earnings per share excluding non recurring items was 0.18 euros (0.13 euros in the second quarter of 2014)

cash flow from operating activities was 489 million euros (288 million euros in the second quarter of 2014), and cash flow after investment activities was 261 million euros (29 million euros in the second quarter of 2014)

the ratio of net debt to operating EBITDA was 2.7 (2.8 in the second quarter of 2014) and current assets were € 1billion (1.6 billion in the second quarter of 2014)

the return on operational invested capital was 9.4% (9.8% in the second quarter of 2014)

in the second quarter of 2015 (compared with the first quarter of 2015)

sales increased by 2.9% month on month. Excluding the structurally declining paper business and the divested business, the sales volume increased by 4.5% month on month. Operating EBIT decreased by 5.9% month on month, mainly due to the high volume of vitamin A and the low cost of protecting the smell of raw materials, as well as the failure of the packaging paperboard business unit to meet the expected output

in the first half of 2015 (compared with the first half of 2014)

sales fell by 1.8% year-on-year. Excluding the structurally declining paper business and the divested business, the sales increased by 3.8% year-on-year. Operating EBIT increased by 9.2% year-on-year, mainly due to the positive impact of foreign exchange and the reduction of variable costs, which also offset the lower average sales price of paper to a certain extent

Karl Henrik sundstr? M, CEO of Stora Enso, commented on the results of the second quarter of 2015:

Stora Enso created strong cash flow in the second quarter of 2015. Excluding the structurally declining paper business and the divested business, the sales increased by 4.8% year-on-year. This figure also fully shows the strong transformation and upgrading ability of enterprises

although Finland, which belongs to the packaging paperboard business division, is generally used to evaluate the quality of rivet wire rod, Imatra and skoghall factories in Sweden did not meet the expected output, coupled with the reduction of forest logging in Guangxi factory, resulting in a total sales reduction of about 12million euros, our operating EBIT margin remained at 8.1%, which was the same as that of the same period of last year, while the acceptance of waste foamed plastics gradually swelled up. In addition, the fixed cost required for the preparatory work of the Guangxi plant in the early stage of construction increased by 10million euros, and the return on the group's operational invested capital also fell from 9.8% to 9.4%

we have made good progress in the transformation to a growing company of renewable materials this quarter. Montes del Plata pulp mill in Uruguay has become the main driver of our business and revenue. The construction of investment projects in Guangxi, China is progressing as planned, and the installation of major equipment has also started. The transformation project of cultural paper machine in Varkaus factory in Finland has been on track, and it is expected that the Niuka products will be officially put into production by the end of this year. In this quarter, Poland's murow sawmill has been put into operation, greatly increasing the capacity of the factory's traditional sawn products. Due to the poor profitability of the corrugated packaging factory in Chennai, India, we chose to close it and provided compensation and support to 350 employees of the factory

we are committed to developing new products. It is gratifying that at this stage, we are cooperating with NXP semiconductor to jointly develop intelligent packaging solutions

in this quarter, we also entered into a cooperative relationship and reached an agreement with the International Labour Organization (ILO) to ensure that our policies and practices will comply with the ILO guidelines. In addition, we have formulated a human rights action plan specifically for the evaluation released by the Danish Institute of human rights in February this year. In Guangxi, China, we joined hands with Kemira chemical company to carry out project construction in three local villages to help them make negative use of water resources. Looking ahead, the sales volume in the third quarter of 2015 is expected to be equivalent to 2.562 billion euros in the second quarter, and the operating EBIT is expected to be basically the same as 207 million euros in the second quarter. In the third quarter, many of our factories will carry out shutdown and maintenance work

Transformation: the construction of Stora Enso Guangxi packaging board factory is advancing as planned, and the installation of main equipment has begun. As previously announced, the paperboard machine is expected to be put into operation in mid-2016. The project of transforming cultural paper machine into kraft board machine in Varkaus factory in Finland is advancing as planned and is expected to be put into operation by the end of 2015

Outlook: the sales volume in the third quarter of 2015 is expected to be equivalent to 2.562 billion euros in the second quarter, and the operating EBIT is expected to be basically the same as 207 million euros in the second quarter. The impact of plant downtime in the third quarter is expected to increase by € 15million month on month

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