Do you want to know more about Stora Enso?
The year 2020 was shaped by an uncertain political and economic landscape, but above all by the pandemic. In these challenging times for societies, companies, and individuals, Stora Enso has remained resilient. Our business is built on a renewable raw material, serving global markets with products that help consumers make eco-friendly choices.
"We want to support industries, producers and retailers in meeting the growing demand for eco-friendly and circular solutions"
We have renewed our strategy, entering a new phase in our transformation journey and shaping our business for accelerated growth and value. We will focus on Packaging, Building Solutions, and Biomaterials innovations. These are the areas where we have the leading market positions and are in the frontline of customer driven innovation. And we can build on strong and competitive assets to drive accelerated profitable growth. We also adjusted our long-term financial targets and our goal is to grow profitably by more than 5% annually, excluding Paper.
Although we have specific growth areas, our ability to create value has its foundation in forest. We are one of the biggest private forest owners in the world today. The forest is a valuable, growing asset that ensures a long-term fiber supply for our products.
We have built a strong liquidity position and continue active working capital management and cost savings. A strong cash flow gives us flexibility. The market effects of Covid-19 have posed challenges for our paper and pulp businesses. With other parts of our diverse portfolio continuing to perform well, the overall impact has been limited.
Sustainability is integral to our relevance as a business, our role as a responsible member of society, and our ability to contribute to a greener world. Our emphasis is on social, environmental, and economic responsibility in our operations and the value chain.
As I see it, the winners will be companies that have businesses which are sustainable in the long term from an environmental, social, and financial perspective; that stay close to their customers and innovate based on consumers’ future needs; and that can manage volatility. This is Stora Enso’s competitive edge.
The renewable future grows in the forest.
President and CEO