Core Insights - Stora Enso will implement a new financial reporting model and revised financial targets starting January 1, 2026, to enhance its focus on renewable materials and packaging [1] Reporting Structure - The company will transition to a new four-segment reporting model: consumer packaging, integrated packaging, biomaterials, and other, replacing the previous six-segment structure [2] - Consumer packaging will encompass cartonboard, foodservice, and liquid board business areas, while integrated packaging will combine containerboard and packaging solutions [2] - The biomaterials segment will remain unchanged, and the "other" category will include wood and energy business areas [3] Business Review and Financial Objectives - Swedish forest assets and Central European sawmilling and building solutions under review will be reported in the "other" category, with restated comparison figures to be published in Q1 2026 [4] - New financial objectives include an adjusted EBIT margin exceeding 10%, revenue growth above 4%, and a payout ratio over 50% [5] - The company aims for a net debt to adjusted EBITDA ratio below 1x, with a temporary allowance to rise to 2x for strategic investments [5] Recent Financial Performance - In Q3 2025, Stora Enso reported a 28% decline in adjusted EBIT to €126 million, down from €175 million year-on-year, with a negative impact of €45 million from ramping up a consumer board line [6] - The adjusted EBIT margin decreased to 5.5% in Q3 2025 from 7.8% in the same period of 2024 [6]