Stora Enso clarification on Swedish media article regarding delayed supplier payments

STORA ENSO OYJ PRESS RELEASE 14 October 2024 at 19:50 EEST

Swedish media Dagens Industri today published an article stating that Stora Enso made a decision to postpone weekly supplier payment runs in the last weeks of June and September of 2024 by one week in order to improve the Company’s cash flow. Stora Enso can confirm that such decisions have been made with the intent to optimise its cash flow.

The decision has been proactively shared internally with full transparency to relevant internal stakeholders, including employees from relevant finance and sourcing teams.

Suppliers have been informed on a case-by-case basis about the one-week payment delay, and the related invoices have been paid.

The financial effects of the one-week delayed payments are not material in relation to Stora Enso’s total cash flow and liquidity. Stora Enso will publish its Q3 interim report for 2024 on 24 October.

Part of the global bioeconomy, Stora Enso is a leading provider of renewable products in packaging, biomaterials and wooden construction, and one of the largest private forest owners in the world. We create value with our low-carbon and recyclable fiber-based products, through which we support our customers in meeting the demand for renewable sustainable products. Stora Enso has approximately 20,000 employees and our sales in 2023 were EUR 9.4 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in OTC Markets (OTCQX) in the USA as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF). storaenso.com/investors 

STORA ENSO OYJ

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