Transformation in progress, clear improvement in results
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Stora Enso CEO Karl-Henrik Sundström comments on fourth quarter and full year 2014
"Stora Enso reported yet another stable quarter. Despite some headwind in the market, our sales increased by 1.4% compared to the fourth quarter of 2013, excluding the structurally declining paper business and divested businesses. Today, our growth businesses form already 62% of our total sales.
The significant improvement in operational EBIT is a result of our own initiatives to transform our business and improve cost efficiency. Return on capital employed increased from 7.0% to 9.7%. It amounted to 13.1% when excluding our transformational investment projects and we reached our strategic ROCE target of 13%.
Source: www.storaenso.com
