Shares and shareholders

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Stora Enso processes personal information responsibly. For more information, please review our Privacy Notice. Privacy notice page link

Stora Enso Oyj shares are listed on the Nasdaq Helsinki Oy and Nasdaq Stockholm AB, and are divided into A and R shares.

All shares entitle holders to an equal dividend but different voting rights, with each A share and each ten R shares representing one vote at the Annual General Meeting (AGM). 

Stora Enso shares are quoted in Euros (EUR) in Helsinki and in Swedish crown (SEK) in Stockholm. Shares are registered in Euroclear Finland and Euroclear Sweden and the ADRs in Citibank, N.A. 

For changes in ownership according to the Finnish Securities Markets Act, please send an e-mail to or

Please note: Shares registered in Euroclear Sweden (STE R shares) and ADRs are both nominee registered in Euroclear Finland and thus included in the number of STERV in the table above. For total number of Stora Enso R and A shares, please see table below.

Share information

Number of shares as of 14 December 2018
​​A share​​176 312 672
R share612 307 315
Total number of shares788 619 987
Total number of votes 237 543 403
​Share capital 31 March 2006​​EUR 1 342 million
Breakdown of sharesA shareR shareTotal
16 January 2018176 351 610612 268 377​788 619 987
​Conversion of A shares into R shares 1-31 January 2018​-400​400
​8 February ​176 351 210​612 268 777​788 619 987
​Conversion of A shares into R shares 1-31 March​-10 418​10 418
​16 April ​176 340 792​612 279 195​788 619 987
​Conversion of A shares into R shares 1-30 April​-300​300
​15 May 2018​176 340 492​612 279 495​788 619 987
​Conversion of A shares into R shares 1-31 May​-250250​
​15 June 2018​176 340 242​612 279 745​788 619 987
​Conversion of A shares into R shares 1-29 June​-13 070​13 070
​16 July 2018​176 327 172​612 292 815​788 619 987
​Conversion of A shares into R shares 1-31 August-125125
14 September 2018176 327 047612 292 940788 619 987
​Conversion of A shares into R shares 1-30 September-5555
15 October 2018176 326 992612 292 995788 619 987
​Conversion of A shares into R shares 1-30 November-14 32014 320
14 December 2018176 312 672612 307 315788 619 987
Registered share capital is (since 31 March 2006): EUR 1 342 215 448.30

Stora Enso's shares

German stock quotations (Freiverkehr)
SymbolCUSIO numberPlace of listing
A shareENUA870 734Berlin, Munich
R shareENUR871 004Berlin, Frankfurt, Stuttgart, Munich, Düsseldorf


Our Dividend Policy promotes the payment of stable dividends linked to our long-term performance and to distribute 50% of net income over the financial cycle.

Dividend in 2017

The AGM approved the proposal by the Board of Directors that the Company distributes a dividend of EUR 0.41 per share for the year 2017. F/X Conversion Rate for SEK is 10.288 and F/X Conversion Rate for USD is 1.2328. The dividend was paid on or about 10 April 2018.

Dividend history

American depositary receipts - ADRs 

Stora Enso’s shares are traded in the USA as American Depositary Receipts (ADRs). The ratio between Stora Enso ADRs and R shares is 1:1, i.e. one ADR represents one Stora Enso R share. 

Citibank, N.A. (Citi) acts as depositary bank for Stora Enso's ADR programme. The trading symbol is SEOAY and the CUSIP is 86210M106. 

Additional ADR info

Contacts for ADR investors and brokers

Contacts for registered ADR holders

Stora Enso share buy-backs

The Board of Directors currently has no authorisation to repurchase shares. Share buy-back history

Old share certificates

Stora Enso’s and its predecessors (e.g. Enso-Gutzeit) physical, paper format shares have had no financial value since 14 June 2012.

Old Stora Enso and its predecessors (e.g. Enso-Gutzeit) physical, paper share certificates have not been in use since the shares were transferred to the book-entry system, but have been held in a joint book entry account. In 2001, Stora Enso’s Annual General Meeting approved the sale of Stora Enso shares that were not transferred to the book-entry system on behalf of their owners. On 5 June 2002, Stora Enso sold the shares (in total 7 121 series A and 23 100 series R shares) which were not transferred to the book-entry system by that date.

The owners or other holders of rights over the shares that were in this joint book-entry account were entitled to claim an amount proportional to their shares from the sale. The amount was paid from the net sale proceeds deposited with the Provincial State Office of Southern Finland against share certificates or any other title documents. The right to claim from the deposited funds expired after ten years in 14 June 2012.

Share history

Stora Enso Oyj is a global paper, packaging and wood products company, with shares listed on Nasdaq Helsinki and Nasdaq Stockholm, and traded in the USA as ADRs. Stora Enso was formed through the merger of Finnish Enso and Swedish STORA at the end of 1998. However, the roots of the company date back to the 13th century and beyond.

1288: STORA’s history dates back to a time when copper mining started in Falun, Sweden. The company is first mentioned in documents dated 1288.

1872: Enso is established at Kotka, Finland. The company goes through several mergers and acquisitions over the following decades.

1901: STORA’s shares are listed on the Stockholm Stock Exchange.

1916: Enso's shares are listed on the Helsinki Exchanges.

1998: STORA and Enso merge – Enso Oyj’s name is changed to Stora Enso Oyj and its share capital is increased. New shares are listed on the Helsinki Exchanges and on the Stockholm Stock Exchange.

1999: Stora Enso initiated compulsory redemption of the remaining STORA shares. STORA shares were delisted from the Stockholm, London and Frankfurt stock exchanges.

2000: Stora Enso shares are listed on the New York Stock Exchange.

2007: Stora Enso shares are delisted from the New York Stock Exchange.