Bergslagets Skogar hosts its first Capital Markets Day on 3 November 2026

Bergslagets Skogar will host its first Capital Markets Day (CMD) in Stockholm, Sweden, on 3 November 2026, marking an important step in the preparations to separate Bergslagets Skogar from Stora Enso into a standalone listed company, subject to customary approvals.

The separation is intended to accelerate shareholder value creation by unlocking the full potential of two more focused businesses. As separate companies, Bergslagets Skogar and Stora Enso would each be better positioned to pursue their core strengths and market opportunities. 

Bergslagets Skogar would offer investors exposure to a distinctive, high-quality asset base of more than 1.2 million hectares of Swedish forest land, with potential for sustainable long-term value appreciation through advanced forest management and land value optimisation. For Stora Enso, the demerger would enable more focused capital allocation, reduce complexity and sharpen focus on renewable materials and packaging.

“We are presenting Bergslagets Skogar as a standalone business with a clear strategy, strong asset base and disciplined financial framework. As Europe's largest listed pure-play forest owner, we expect to combine stable cash flow generation from responsible wood trade with opportunities to create additional value through renewable energy and future climate solutions. We believe this will provide a compelling platform for long-term shareholder value creation”, says Tuomas Hallenberg, CEO of Bergslagets Skogar.

At the CMD, Bergslagets Skogar’s management team will present the planned strategy, business model, financial profile and long-term value creation framework for Bergslagets Skogar as a separate standalone business. The CMD, hosted at Wisdome in Stockholm, will be followed by a visit to Bergslagets Skogar’s planned headquarters in Falun, Sweden, combined with a forest field visit on 3–4 November.

Live webcast and presentation

The CMD will be webcast live starting at 9:00 am CET at https://bergslagets-skogar.events.inderes.com/cmd-2026. The webcast link will be available also on storaenso.com/cmd and bergslaget.com/en/investors. A link to the recording and the presentation materials will be available on both websites.

Capital Markets Day agenda (approximate timings, all in CET)

09:00    – Welcome and opening remarks, Jutta Mikkola, SVP Investor Relations, Stora Enso and Josefine Bonnevier, Head of Investor Relations, Bergslagets Skogar 
    – Creating Europe’s largest listed pure play forest company, Tuomas Hallenberg, CEO, Bergslagets Skogar
    – Unlocking the financial value of the forest, Martin Ros, CFO, Bergslagets Skogar
    –  Best-in-class operations and value creation, Johan Djurberg, Head of Forestry & Annika Nordin, Head of Sustainability, Bergslagets Skogar
    –  Q&A, moderated by Josefine Bonnevier
    –  Concluding remarks, Tuomas Hallenberg
    –   Stora Enso and demerger update, Hans Sohlström, President and CEO, Stora Enso
12:00    – End of webcast 

Strategic targets for Bergslagets Skogar

Bergslagets Skogar would aim to generate attractive long-term shareholder returns through sustainable forest management, recurring and stable cash generation, forest asset appreciation and disciplined capital allocation. As part of the preparations of the Demerger process, the Board of Directors of Stora Enso, in consultation with the selected management and proposed members of the Board of Directors of Bergslagets Skogar, has decided on the following strategic targets for Bergslagets Skogar:
•    The net standing stock volume shall grow by 1 percent per year on average.
•    Long-term generate an annual free cash flow return of 2 percent.
•    The biodiversity benefit shall increase
•    The climate benefit shall increase
•    The net loan-to-value ratio shall be between 0 to 20 percent.

In addition, the Board of Directors of Stora Enso, in consultation with the selected management and proposed members of the Board of Directors of Bergslagets Skogar, has decided on a dividend policy for Bergslagets Skogar with the aim to pay a stable and growing dividend. As ordinary dividend, the Bergslagets Skogar intends to distribute between 80 to 100 percent of adjusted net income.

Today, Stora Enso published further information on the demerger plan, including strategic targets, dividend policy and certain preliminary, unaudited and illustrative key financial information for Bergslagets Skogar. The press release is available at storaenso.com/newsroom.

Previous related announcements:

• 30 October 2026: Stora Enso’s Board of Directors approves demerger plan to separate Bergslagets Skogar into a new listed company, announcing strategic targets and dividend policy
• 18 August 2026: Bergslagets Skogar Capital Markets Day on 3 November 2026
• 7 May 2026: Stora Enso introduces Bergslagets Skogar as the new name for its Swedish forest asset company
• 6 March 2026: Stora Enso presents executive management team for the new forest asset company
• 8 January 2026: Proposed members to the Board of Directors of the new forest company planned to be separated from Stora Enso
• 14 November 2025: Stora Enso completes strategic review and intends to create the largest listed pure play forest company in Europe
• 18 June 2025: Stora Enso initiates a strategic review of its Swedish forest assets

Bergslagets Skogar would be an independent forest company based in the heart of Sweden’s forest economy. The company will be focused on creating long-term value from forests for our stakeholders, society and nature. Built on deep expertise based on science and advanced forestry practices, the company will manage its forests as living, evolving systems to support their resilience and productivity over generations. The company will continuously explore new ways for forests to contribute economically, socially and environmentally, from harvest rights and renewable raw materials to recreation, biodiversity and climate benefits, and other ecosystem services. bergslaget.com 
 
Stora Enso is a global leader in renewable materials with a strong focus on packaging. Our purpose is to replace non-renewable materials with renewable solutions. Together with our customers, we design and deliver competitive, high-quality packaging materials and solutions, made from fresh and recycled fibers, accelerating the transition to a circular bioeconomy. Stora Enso has approximately 19,000 employees and our sales in 2025 were EUR 9.3 billion. www.storaenso.com  
 
STORA ENSO OYJ 

For further information, please contact: 
Jutta Mikkola 
SVP Investor Relations, Stora Enso 
tel. +358 50 544 6061 
 
Josefine Bonnevier 
Head of Investor Relations, Bergslagets Skogar 
tel. +46 73 525 99 06 

Liisa Nyyssönen
VP Group Communications, Stora Enso
tel. +358 40 544 3491 
liisa.nyyssonen@storaenso.com
 
For more information, please visit:  
storaenso.com/cmd
storaenso.com/forestdemerger