Who Owns Stora Enso?

The Stora Enso brand was created in 1998 when Swedish Stora Kopparberg merged with Finnish Enso-Gutzeit. The deal joined two of the oldest industrial names in Europe: Stora began in copper mining at Falun, Sweden, with documentation from 1288, making it one of the world's oldest continuously operating companies, while Enso was founded in Finland in 1872 as a forestry and sawmilling business.

Through the 2000s the brand was synonymous with large-scale paper production, including a heavy magazine and newsprint business. As print demand collapsed, the company spent a decade and a half converting away from publication paper, closing and repurposing mills and rebuilding around packaging, biomaterials, and wood products. The brand's identity shifted accordingly, from paper giant to renewable materials group.

Under CEO Annica Bresky the pivot accelerated, and Hans Sohlström took over in late 2024 to push it further. In 2025 the brand carried through two major moves: a partial divestment of Swedish forest holdings worth about 900 million euros, and the announcement that the Swedish forest business would be separated into a new company, ForestCo, targeted for a Nasdaq Stockholm listing in the first half of 2027.

The year also saw the ramp-up of the Oulu consumer board line in Finland, a flagship investment that hurt short-term profit but is intended to set a new standard for board quality and cost. Fiscal 2025 ended with 9.33 billion euros of sales and 528 million euros of adjusted EBIT.