Stora Enso STERV.HE
Public, HEL, reports in EUR. Founded 1996.
Theme: Globalization.
Pulp products.
2025-08-01 — Underperformer
Financials millions, EUR
| Period | Revenue | Growth % | Gross margin % | R&D % | Operating income | Operating margin % | Net income | EPS (diluted) | Rule of 40 | basis |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 10.0bn EUR | 7.2 % | 34.1 % | – | 570m EUR | 5.7 % | 695m EUR | 0.88 | 12.8 | |
| 2024 | 9.4bn EUR | -0.3 % | 34.4 % | – | 330m EUR | 3.5 % | -136m EUR | -0.17 | 3.3 | |
| 2023 | 9.4bn EUR | -19.6 % | 34.7 % | – | 93m EUR | 1.0 % | -357m EUR | -0.45 | -18.6 | |
| 2022 | 11.7bn EUR | – | 44.1 % | 0.8 % | 1.7bn EUR | 14.7 % | 1.6bn EUR | 1.96 | – | |
| 2026-Q2 | 2.4bn EUR | -0.1 % | 24.5 % | – | 7.0m EUR | 0.3 % | -13m EUR | -0.03 | 0.2 | |
| 2026-Q1 | 2.4bn EUR | -0.2 % | 26.2 % | – | 81m EUR | 3.4 % | 32m EUR | 0.04 | 3.3 | |
| 2025-Q4 | 2.3bn EUR | – | 40.8 % | – | 427m EUR | 18.9 % | 361m EUR | 0.46 | – | |
| 2025-Q2 | 2.4bn EUR | – | 24.4 % | – | 57m EUR | 2.3 % | 24m EUR | 0.03 | – | |
| 2025-Q1 | 2.4bn EUR | – | 26.9 % | – | 158m EUR | 6.7 % | 113m EUR | 0.14 | – |
Sources
- 2025: 2025_10-K_Summary_2026-07-10.xlsx
- 2024: 2025_10-K_Summary_2026-07-10.xlsx
- 2023: 2025_10-K_Summary_2026-07-10.xlsx
- 2022: 2025_10-K_Summary_2026-07-10.xlsx
- 2026-Q2: yfinance
- 2026-Q1: yfinance
- 2025-Q4: yfinance
- 2025-Q2: yfinance
- 2025-Q1: yfinance
Latest quarter 2026-Q2, ended 2026-06-30, vs 2025-Q2
| 2026-Q2 | 2025-Q2 | change | |
|---|---|---|---|
| Revenue | 2.4bn EUR | 2.4bn EUR | -3.0m (-0 %) |
| Op. margin | 0.3 % | 2.3 % | -2.1 pts |
| FCF | -47m EUR | -109m EUR | +62m |
| Op. income | 7.0m EUR | ||
| Net income | -13m EUR | ||
| EPS (diluted) | -0.03 | -200.0 % |
Cash flow millions, EUR
| Period | Cash from operations | Capex | Free cash flow | FCF margin % | CFO / net income % | NOPAT | Unlevered FCF | Levered FCF | Net change in cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | 645m EUR | 775m EUR | -130m EUR | -1.3 % | 92.8 % | 499m EUR | 256m EUR | -1.4bn EUR | -782m EUR |
| 2024 | 952m EUR | 1.1bn EUR | -161m EUR | -1.7 % | – | – | – | -313m EUR | -482m EUR |
| 2023 | 752m EUR | 989m EUR | -237m EUR | -2.5 % | – | – | – | 1.3bn EUR | 523m EUR |
| 2022 | 1.6bn EUR | 704m EUR | 878m EUR | 7.5 % | 102.1 % | 1.4bn EUR | 791m EUR | 863m EUR | 390m EUR |
NOPAT = op. income × (1 − effective tax rate); UFCF = NOPAT + D&A + ΔNWC − capex; LFCF = FCF + net debt issued.
Quotes
| Price | 10.36 EUR | 2026-09-15 | |
|---|---|---|---|
| Market cap | 8.2bn EUR | 9.4bn USD | 2026-09-15 |
| 52w high | 12.26 EUR | 2026-09-15 | |
| 52w low | 8.50 EUR | 2026-09-15 | |
| Off 52w high % | -15.5 % | ||
| P/S | 0.8 | ||
| Lifetime CAGR | 7.8 % |
Notes
- 2025-08-01 opinion Underperformer