Stora Enso Oyj
Stora Enso sets new financial targets for the Group and divisions
Stora Enso Oyj 28.05.2015 13:00 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- All Stora Enso's five divisions will have financial targets set in order to support the Group in attaining its strategic goal. Helsinki, Finland, 2015-05-28 13:00 CEST (GLOBE NEWSWIRE) -- STORA ENSO OYJ STOCK EXCHANGE RELEASE 28 May 2015 at 14.00 EET Stora Enso has defined clear strategic targets for each division. The targets will enable the markets to better follow each division's performance, while guiding the divisions in the implementation of the Group's strategy - as it transforms itself from a traditional paper and board producer to a customer focused renewable materials company. As Stora Enso's divisions operate in very distinct business environments, the targets will vary between the divisions. The key divisional financial target is the Return on Operating Capital (ROOC) percentage - with the exception of the Paper division, which has Free Cash Flow to Net Sales, because its target focuses on the division's cash flow generation. The targets are defined to be ambitious but reachable within a 5 year planning horizon. STORA ENSO'S FINANCIAL TARGETS KPI Target -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Group Dividend To distribute 50% of net income over the cycle ROCE >13% Net Sales growth excl. To grow faster than the relevant Paper market Net Debt / Operational <3.0x EBITDA Fixed Costs / Sales ratio <20% Debt/equity ratio <80% -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Consumer Board ROOC >20% Packaging ROOC >20% Solutions Biomaterials ROOC >15% Wood Products ROOC >18% Paper Free Cash Flow to Net >7% Sales -------------------------------------------------------------------------------- ROCE = Return on Capital Employed ROOC = Return on Operating Capital Capital Markets Day webcast Stora Enso's Capital Markets Day takes place in London today. You are welcome to follow the presentations focusing on Stora Enso's packaging business and innovation in a live webcast starting at 13.00 UK time (14.00 CET, 15.00 EET, 08.00 EDT). Watch at http://edge.media-server.com/m/p/nvkju4nc. For further information, please contact: Seppo Parvi, CFO, tel. +358 2046 21205 Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 40 763 8767 Ulrika Lilja, EVP, Global Communications, tel. +46 72 221 92 28 Hanne Karrinaho, Head of Financial Communications, tel. +358 40 766 9452 www.storaenso.com www.storaenso.com/investors Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wood and paper. Our aim is to replace non-renewable materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 27 000 people in more than 35 countries, and our sales in 2014 were EUR 10.2 billion. Stora Enso shares are listed on NASDAQ OMX Helsinki (STEAV, STERV) and Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) on the International OTCQX over-the-counter market. STORA ENSO OYJ News Source: NASDAQ OMX 28.05.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Stora Enso Oyj Finland Phone: Fax: E-mail: Internet: ISIN: FI0009005961 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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