Stora Enso is expanding its business in Pakistan through a joint venture with Packages Ltd. The joint venture will produce packaging products for the fast-growing Pakistani market and employ around 950 people. Stora Enso's maximum financial commitment is USD 130 million, which will be invested in the joint venture over time and used to modernize facilities. The investment allows Stora Enso to gain access to Pakistan's attractive consumer packaging market and grow in an important region.
This document summarizes Gafisa's second quarter 2008 results. Some key highlights include:
1) Launches increased 102% and pre-sales increased 62% compared to the second quarter of 2007. Net operating revenues rose 63%.
2) EBITDA reached R$74 million, a 106% increase, and net income increased 67% compared to the second quarter of 2007.
3) Gafisa has expanded its operations to 20 Brazilian states with 143 developments nationwide, diversifying its product offerings and presence in new markets.
Gafisa reported strong financial results for the first quarter of 2008, with consolidated launches increasing 91% year-over-year, pre-sales up 97% quarter-over-quarter, and net operating revenues rising 42% quarter-over-quarter. Net income increased to R$42 million in 1Q08 compared to the adjusted net income of R$21 million in 1Q07. Gafisa also expanded into two new markets, upgraded its credit rating, and saw continued growth in the mortgage lending market in Brazil. Looking ahead, Gafisa is well positioned for further growth and has a diversified land bank to support its expansion plans.
Robert Chote: Health and the spending squeezeNuffield Trust
The document discusses health spending in the UK and the outlook given the economic crisis. It notes that NHS spending has grown consistently rapidly since the 1950s and was the biggest winner of increased spending under the previous Labour government. However, the economic crisis has led to a significant downgrade in growth projections and increased deficit. As a result, the government plans fiscal stimulus in the short-term but then significant fiscal tightening and spending cuts from 2010 onward, including cuts to NHS capital budgets and requirements for efficiency savings.
Per-Arne Blomquist, CFO of SEB, discusses maintaining growth while managing risks at a Morgan Stanley conference. He summarizes that SEB aims to [1] exploit long-term credit growth potential while maintaining strong asset quality, and [2] has built a balanced business platform through operational excellence initiatives that has delivered profitable growth. SEB will continue focusing on organic growth in core areas and making selective acquisitions to take advantage of growth opportunities.
This presentation exhibits the journey of Pakistan economy. The historical performance is exhibited and explained through contemporary theories of economics
Community Assessment Information showing the purposes of assessment, what we use to assess, achievement information and some information on National Standards.
Roddy Child-Villiers, Head of Investor Relations, presented Nestle's 2008 9-month sales results. Key highlights included organic growth of 8.9% for the group and food & beverage division, comfortably above the long-term target. Emerging markets achieved 16.8% organic growth. The financial position remained strong with a high credit rating and predictable cash flows. The outlook for full-year organic growth was improved to around 8%.
This document summarizes Gafisa's second quarter 2008 results. Some key highlights include:
1) Launches increased 102% and pre-sales increased 62% compared to the second quarter of 2007. Net operating revenues rose 63%.
2) EBITDA reached R$74 million, a 106% increase, and net income increased 67% compared to the second quarter of 2007.
3) Gafisa has expanded its operations to 20 Brazilian states with 143 developments nationwide, diversifying its product offerings and presence in new markets.
Gafisa reported strong financial results for the first quarter of 2008, with consolidated launches increasing 91% year-over-year, pre-sales up 97% quarter-over-quarter, and net operating revenues rising 42% quarter-over-quarter. Net income increased to R$42 million in 1Q08 compared to the adjusted net income of R$21 million in 1Q07. Gafisa also expanded into two new markets, upgraded its credit rating, and saw continued growth in the mortgage lending market in Brazil. Looking ahead, Gafisa is well positioned for further growth and has a diversified land bank to support its expansion plans.
Robert Chote: Health and the spending squeezeNuffield Trust
The document discusses health spending in the UK and the outlook given the economic crisis. It notes that NHS spending has grown consistently rapidly since the 1950s and was the biggest winner of increased spending under the previous Labour government. However, the economic crisis has led to a significant downgrade in growth projections and increased deficit. As a result, the government plans fiscal stimulus in the short-term but then significant fiscal tightening and spending cuts from 2010 onward, including cuts to NHS capital budgets and requirements for efficiency savings.
Per-Arne Blomquist, CFO of SEB, discusses maintaining growth while managing risks at a Morgan Stanley conference. He summarizes that SEB aims to [1] exploit long-term credit growth potential while maintaining strong asset quality, and [2] has built a balanced business platform through operational excellence initiatives that has delivered profitable growth. SEB will continue focusing on organic growth in core areas and making selective acquisitions to take advantage of growth opportunities.
This presentation exhibits the journey of Pakistan economy. The historical performance is exhibited and explained through contemporary theories of economics
Community Assessment Information showing the purposes of assessment, what we use to assess, achievement information and some information on National Standards.
Roddy Child-Villiers, Head of Investor Relations, presented Nestle's 2008 9-month sales results. Key highlights included organic growth of 8.9% for the group and food & beverage division, comfortably above the long-term target. Emerging markets achieved 16.8% organic growth. The financial position remained strong with a high credit rating and predictable cash flows. The outlook for full-year organic growth was improved to around 8%.
This document provides an overview of Danone's performance in 2009 and outlook for 2010. In 2009, Danone achieved 3.2% like-for-like sales growth and adjusted its business model. Key priorities for 2010 include continuing top-line growth, sustaining operating margins through productivity initiatives, and maintaining a strong focus on free cash flow. Danone aims to achieve at least 5% annual sales growth, stable margins, and over 10% growth in free cash flow for 2010.
By Michael Johnson, Sam Benin, Xinshen Diao, and Liangzhi You.
Presented at the ASTI-FARA conference Agricultural R&D: Investing in Africa's Future: Analyzing Trends, Challenges, and Opportunities - Accra, Ghana on December 5-7, 2011. http://www.asti.cgiar.org/2011conf
- The document is an investor presentation for Campus Crest Communities given in January 2013.
- It highlights the company's vertically integrated development platform and consistent growth since its IPO through property acquisitions and developments near universities.
- The presentation provides details on Campus Crest's portfolio, development pipeline, and case studies of recent property developments.
Petrobras 2012-2020 Production Curve and The Naval and Offshore Industry in B...Petrobras
The document outlines Petrobras' production curve and capital expenditures from 2012-2020, and how this will influence Brazil's naval and offshore industry. It projects oil production in Brazil to increase from 2,022 kbpd in 2012 to 4,200 kbpd in 2020 through developing 38 new production units. It also plans to increase the drilling rig fleet from 25 in 2016 to 50 in 2020 to enable exploration and production activities. These investments totaling $236.5 billion over the period will promote growth in Brazil's naval and offshore sector through expanding offshore oil and gas infrastructure and operations.
Magazine Luiza reported strong financial results for 1Q11, with gross revenue increasing 51.6% year-over-year to R$1.696 billion. Same store sales grew 25.6% and EBITDA rose 38.8% to R$84 million. Net income increased 31.7% to R$12.3 million. The company continued its rapid expansion, opening 148 new stores in the quarter and growing its store base to 604 locations across Brazil. Magazine Luiza also saw significant growth in its private label credit card Luiza Card, with the number of cards issued up 61.4% and interest revenue up 62.2%. The results demonstrated the company's successful multi-channel strategy and
Global fresh pineapple trade was a $2.2 billion market in 2010, led by the US with over 26% of imports. CARICOM exports of fresh pineapples have grown more slowly than total CARICOM exports and were just $362,000 in 2010, concentrated in 5 markets including Barbados. CARICOM exports have declined and not penetrated key markets significantly. Tariffs are a barrier for most major importing countries except Canada.
2015 capital markets day presentation by Karl Henrik SundströmStora Enso
Stora Enso is transitioning from a traditional paper and board producer to a global renewable materials growth company. It is focusing on growing its packaging, biomaterials, and wood products divisions through investments and innovation. Stora Enso discussed ongoing investments, capital allocation towards growth, trends driving demand for renewable materials, and maintaining cash flow from its paper business. The company is also working to increase the value-added and innovative use of wood in its products portfolio.
- Sales declined 3% year-over-year due to structurally declining paper business, but grew 3% excluding paper and divested businesses. Operational EBIT increased 21% due to foreign exchange gains and lower costs.
- Consumer board sales were flat while operational EBIT increased 27% due to foreign exchange gains and lower costs. Biomaterials sales increased 35% and operational EBIT increased significantly due to the Montes del Plata ramp-up.
- Wood products sales declined 12% and operational EBIT declined 25% due to lower production and deliveries.
- Stora Enso reported financial results for Q4 and full year 2014, with sales decreasing 2.3% in Q4 but increasing 1.4% excluding structurally declining paper and divested businesses. Operational EBIT increased 37.5% in Q4 due to cost management.
- For the full year, sales decreased 3.3% while operational EBIT increased 40% due to lower costs and higher volumes. The company continues its transformation journey with growth businesses now accounting for 62% of sales.
- Stora Enso is investing in consumer board and packaging solutions, biomaterials, and wood products to drive sustainable growth, while divesting non-core assets and closing operations. The transformation is
2015 capital markets day presentation by seppo parviStora Enso
Stora Enso, a renewable materials company, outlined new financial targets at its Capital Markets Day. The targets include growing faster than relevant markets, achieving a ROCE over 13%, keeping fixed costs below 20% of sales, maintaining a debt to equity ratio below 80%, and net debt to operational EBITDA below 3. Divisional targets for ROOC and free cash flow to sales were also presented. Stora Enso aims to reduce capex closer to depreciation levels and further lower operating working capital to generate strong cash flow and support the company's transformation. Cost management will remain a continuous focus area.
- Stora Enso reported solid financial results for Q3 2014, with quarterly sales of EUR 2.5 billion, up 3% excluding structurally declining paper. Operational EBIT increased 14% to EUR 210 million.
- Renewable Packaging continued its strong performance, with operational EBIT up 30% due to higher volumes and prices. Biomaterials improved performance despite ramp-up challenges at Montes del Plata.
- Building and Living performance was similar to last year's good Q3, while Printing and Reading showed stable performance with improved cash flow.
- The company continues its transformation journey, with growth businesses now making up 70% of sales and 62% of operational EBIT.
Stora Enso reported financial results for Q4 and full year 2015. Key highlights included:
- Operational EBIT improved 15.8% in Q4 and 13% for the full year due to higher pulp volumes from Montes del Plata and favorable foreign exchange rates.
- Cash flow remained strong at EUR 412 million before investments and EUR 75 million after investments despite peak capital expenditures in 2015.
- Net debt to operational EBITDA was reduced to 2.4 from 2.6 the prior year.
- Annual EPS increased substantially to EUR 1.02 from EUR 0.13 in 2014, supported by a forest valuation gain.
- The company proposed increasing
Stora Enso reported financial results for Q2 2015 with the following key highlights:
1) Sales were down slightly by 0.7% to 2,562 MEUR due to structurally declining paper businesses, while sales excluding paper increased 4.8%.
2) Operational EBIT margin remained unchanged at 8.1% despite some operational challenges in consumer board.
3) The company generated strong cash flow from operations of 489 MEUR.
- Stora Enso reported solid financial results for Q3 2015 with operational EBIT increasing 17.1% to MEUR 246, supported by currency movements.
- Sales remained flat at MEUR 2,500 year-over-year excluding divested businesses which increased 4.9% mainly due to increased pulp mill volumes and favorable foreign exchange rates.
- Operational ROCE improved to 11.6% and net debt to last 12 months' operational EBITDA was reduced to 2.5.
2015 capital markets day presentation by rajah jayendranStora Enso
Rajah Jayendran is the SVP and Managing Director of Stora Enso's Guangxi Integrated Project and Operations in China. The first phase of the project involves building a consumer board mill in Guangxi province at a cost of EUR 800 million. Construction is underway and the mill is scheduled to begin operations in mid-2016. The project aims to leverage Stora Enso's global capabilities while developing local talent in Guangxi.
Stora Enso reported financial results for the first quarter of 2016. Sales were slightly down at 2.445 billion euros due to structurally declining paper business, but increased by 2.4% excluding paper and divested mills. Operational EBIT increased 12.7% to 248 million euros and the margin reached a record high of 10.1%. Cash flow from operations improved to 289 million euros. The company continued strengthening its balance sheet through high investments while reducing net debt. Stora Enso also provided guidance for the second quarter of 2016, estimating sales to be slightly higher than Q1 levels and operational EBIT to be in line with or somewhat lower due to scheduled annual maintenance shutdowns.
2015 capital markets day presentation by gilles van nieuwenhuyzenStora Enso
Gilles van Nieuwenhuyzen is the Executive Vice President of Stora Enso's Packaging Solutions division. He brings experience leading large multinational companies in food ingredients, chemicals, and biotechnology. He has a track record of accelerating growth through innovation and improving margins. Stora Enso Packaging Solutions provides containerboard and corrugated packaging to customers in industries like food, beverages, retail, and industrial sectors.
Stora Enso CMD - Presentation by Chris De Hollander, Mill Manager, Langerbrug...Stora Enso
Stora Enso Langerbrugge is a paper mill located in Belgium that has been in operation since 1932. The mill has undergone several expansions and mergers over the years including the addition of a de-inking plant in 1977 and the merger of Stora and Enso in 1998. In recent years, the mill invested €500 million to build a new newsprint production line, rebuild an existing paper machine, and construct a new power plant. Currently, the mill recycles over 400 tons of paper per day through its de-inking process and produces various paper grades including newsprint and magazine paper. It has also focused on reducing the number of workplace accidents.
Exane BNP Paribas 14th European Seminar in Paris. Presentation by CEO Jouko K...Stora Enso
This document discusses Stora Enso's strategy for chasing growth in a constrained environment. It notes that certain statements are forward-looking and subject to risks and uncertainties. It then provides an overview of Stora Enso's business segments and plans to keep its cash-generating segments profitable through restructuring. It outlines strategies for growth areas like renewable packaging and biomaterials, including new investments. The presentation emphasizes focusing on growth markets and high-quality segments to create shareholder value and cash generation.
This document provides an overview of Danone's performance in 2009 and outlook for 2010. In 2009, Danone achieved 3.2% like-for-like sales growth and adjusted its business model. Key priorities for 2010 include continuing top-line growth, sustaining operating margins through productivity initiatives, and maintaining a strong focus on free cash flow. Danone aims to achieve at least 5% annual sales growth, stable margins, and over 10% growth in free cash flow for 2010.
By Michael Johnson, Sam Benin, Xinshen Diao, and Liangzhi You.
Presented at the ASTI-FARA conference Agricultural R&D: Investing in Africa's Future: Analyzing Trends, Challenges, and Opportunities - Accra, Ghana on December 5-7, 2011. http://www.asti.cgiar.org/2011conf
- The document is an investor presentation for Campus Crest Communities given in January 2013.
- It highlights the company's vertically integrated development platform and consistent growth since its IPO through property acquisitions and developments near universities.
- The presentation provides details on Campus Crest's portfolio, development pipeline, and case studies of recent property developments.
Petrobras 2012-2020 Production Curve and The Naval and Offshore Industry in B...Petrobras
The document outlines Petrobras' production curve and capital expenditures from 2012-2020, and how this will influence Brazil's naval and offshore industry. It projects oil production in Brazil to increase from 2,022 kbpd in 2012 to 4,200 kbpd in 2020 through developing 38 new production units. It also plans to increase the drilling rig fleet from 25 in 2016 to 50 in 2020 to enable exploration and production activities. These investments totaling $236.5 billion over the period will promote growth in Brazil's naval and offshore sector through expanding offshore oil and gas infrastructure and operations.
Magazine Luiza reported strong financial results for 1Q11, with gross revenue increasing 51.6% year-over-year to R$1.696 billion. Same store sales grew 25.6% and EBITDA rose 38.8% to R$84 million. Net income increased 31.7% to R$12.3 million. The company continued its rapid expansion, opening 148 new stores in the quarter and growing its store base to 604 locations across Brazil. Magazine Luiza also saw significant growth in its private label credit card Luiza Card, with the number of cards issued up 61.4% and interest revenue up 62.2%. The results demonstrated the company's successful multi-channel strategy and
Global fresh pineapple trade was a $2.2 billion market in 2010, led by the US with over 26% of imports. CARICOM exports of fresh pineapples have grown more slowly than total CARICOM exports and were just $362,000 in 2010, concentrated in 5 markets including Barbados. CARICOM exports have declined and not penetrated key markets significantly. Tariffs are a barrier for most major importing countries except Canada.
2015 capital markets day presentation by Karl Henrik SundströmStora Enso
Stora Enso is transitioning from a traditional paper and board producer to a global renewable materials growth company. It is focusing on growing its packaging, biomaterials, and wood products divisions through investments and innovation. Stora Enso discussed ongoing investments, capital allocation towards growth, trends driving demand for renewable materials, and maintaining cash flow from its paper business. The company is also working to increase the value-added and innovative use of wood in its products portfolio.
- Sales declined 3% year-over-year due to structurally declining paper business, but grew 3% excluding paper and divested businesses. Operational EBIT increased 21% due to foreign exchange gains and lower costs.
- Consumer board sales were flat while operational EBIT increased 27% due to foreign exchange gains and lower costs. Biomaterials sales increased 35% and operational EBIT increased significantly due to the Montes del Plata ramp-up.
- Wood products sales declined 12% and operational EBIT declined 25% due to lower production and deliveries.
- Stora Enso reported financial results for Q4 and full year 2014, with sales decreasing 2.3% in Q4 but increasing 1.4% excluding structurally declining paper and divested businesses. Operational EBIT increased 37.5% in Q4 due to cost management.
- For the full year, sales decreased 3.3% while operational EBIT increased 40% due to lower costs and higher volumes. The company continues its transformation journey with growth businesses now accounting for 62% of sales.
- Stora Enso is investing in consumer board and packaging solutions, biomaterials, and wood products to drive sustainable growth, while divesting non-core assets and closing operations. The transformation is
2015 capital markets day presentation by seppo parviStora Enso
Stora Enso, a renewable materials company, outlined new financial targets at its Capital Markets Day. The targets include growing faster than relevant markets, achieving a ROCE over 13%, keeping fixed costs below 20% of sales, maintaining a debt to equity ratio below 80%, and net debt to operational EBITDA below 3. Divisional targets for ROOC and free cash flow to sales were also presented. Stora Enso aims to reduce capex closer to depreciation levels and further lower operating working capital to generate strong cash flow and support the company's transformation. Cost management will remain a continuous focus area.
- Stora Enso reported solid financial results for Q3 2014, with quarterly sales of EUR 2.5 billion, up 3% excluding structurally declining paper. Operational EBIT increased 14% to EUR 210 million.
- Renewable Packaging continued its strong performance, with operational EBIT up 30% due to higher volumes and prices. Biomaterials improved performance despite ramp-up challenges at Montes del Plata.
- Building and Living performance was similar to last year's good Q3, while Printing and Reading showed stable performance with improved cash flow.
- The company continues its transformation journey, with growth businesses now making up 70% of sales and 62% of operational EBIT.
Stora Enso reported financial results for Q4 and full year 2015. Key highlights included:
- Operational EBIT improved 15.8% in Q4 and 13% for the full year due to higher pulp volumes from Montes del Plata and favorable foreign exchange rates.
- Cash flow remained strong at EUR 412 million before investments and EUR 75 million after investments despite peak capital expenditures in 2015.
- Net debt to operational EBITDA was reduced to 2.4 from 2.6 the prior year.
- Annual EPS increased substantially to EUR 1.02 from EUR 0.13 in 2014, supported by a forest valuation gain.
- The company proposed increasing
Stora Enso reported financial results for Q2 2015 with the following key highlights:
1) Sales were down slightly by 0.7% to 2,562 MEUR due to structurally declining paper businesses, while sales excluding paper increased 4.8%.
2) Operational EBIT margin remained unchanged at 8.1% despite some operational challenges in consumer board.
3) The company generated strong cash flow from operations of 489 MEUR.
- Stora Enso reported solid financial results for Q3 2015 with operational EBIT increasing 17.1% to MEUR 246, supported by currency movements.
- Sales remained flat at MEUR 2,500 year-over-year excluding divested businesses which increased 4.9% mainly due to increased pulp mill volumes and favorable foreign exchange rates.
- Operational ROCE improved to 11.6% and net debt to last 12 months' operational EBITDA was reduced to 2.5.
2015 capital markets day presentation by rajah jayendranStora Enso
Rajah Jayendran is the SVP and Managing Director of Stora Enso's Guangxi Integrated Project and Operations in China. The first phase of the project involves building a consumer board mill in Guangxi province at a cost of EUR 800 million. Construction is underway and the mill is scheduled to begin operations in mid-2016. The project aims to leverage Stora Enso's global capabilities while developing local talent in Guangxi.
Stora Enso reported financial results for the first quarter of 2016. Sales were slightly down at 2.445 billion euros due to structurally declining paper business, but increased by 2.4% excluding paper and divested mills. Operational EBIT increased 12.7% to 248 million euros and the margin reached a record high of 10.1%. Cash flow from operations improved to 289 million euros. The company continued strengthening its balance sheet through high investments while reducing net debt. Stora Enso also provided guidance for the second quarter of 2016, estimating sales to be slightly higher than Q1 levels and operational EBIT to be in line with or somewhat lower due to scheduled annual maintenance shutdowns.
2015 capital markets day presentation by gilles van nieuwenhuyzenStora Enso
Gilles van Nieuwenhuyzen is the Executive Vice President of Stora Enso's Packaging Solutions division. He brings experience leading large multinational companies in food ingredients, chemicals, and biotechnology. He has a track record of accelerating growth through innovation and improving margins. Stora Enso Packaging Solutions provides containerboard and corrugated packaging to customers in industries like food, beverages, retail, and industrial sectors.
Stora Enso CMD - Presentation by Chris De Hollander, Mill Manager, Langerbrug...Stora Enso
Stora Enso Langerbrugge is a paper mill located in Belgium that has been in operation since 1932. The mill has undergone several expansions and mergers over the years including the addition of a de-inking plant in 1977 and the merger of Stora and Enso in 1998. In recent years, the mill invested €500 million to build a new newsprint production line, rebuild an existing paper machine, and construct a new power plant. Currently, the mill recycles over 400 tons of paper per day through its de-inking process and produces various paper grades including newsprint and magazine paper. It has also focused on reducing the number of workplace accidents.
Exane BNP Paribas 14th European Seminar in Paris. Presentation by CEO Jouko K...Stora Enso
This document discusses Stora Enso's strategy for chasing growth in a constrained environment. It notes that certain statements are forward-looking and subject to risks and uncertainties. It then provides an overview of Stora Enso's business segments and plans to keep its cash-generating segments profitable through restructuring. It outlines strategies for growth areas like renewable packaging and biomaterials, including new investments. The presentation emphasizes focusing on growth markets and high-quality segments to create shareholder value and cash generation.
Stora Enso CMD - Presentation by Juan Bueno, EVP, BiomaterialsStora Enso
Juan Bueno presents on the growth opportunities for BA Biomaterials. Population and economic growth, especially in Asia, will drive increasing demand for tissue products. BA Biomaterials is well positioned to capitalize on this growth through its cost competitive pulp mills and the new Montes del Plata pulp mill. Financial discipline and a focus on innovation, customers, and sustainability will allow BA Biomaterials to win in the market and deliver attractive growth and returns.
- Maruti Suzuki has majority foreign promoter holding of 54.21%, with general public and government holdings being quite low at 2.36% and 17% respectively.
- Tata Motors also has significant foreign holding of 24.61%, with a large 37.02% held by directors and employees. Government institutions hold 17.62%.
- Ashok Leyland has a more diversified shareholding with no single majority owner, but foreign holdings are at 15.89% and promoters at 38.61%, while government and public holdings are around 17-9% each.
The Clorox Company supplemental sales growth information for fiscal years 2006 and 2007 shows:
1) In the third quarter of fiscal year 2007, most business segments experienced sales growth between 3-16% due to strong shipments, with the Litter/Food/Charcoal segment seeing 10% growth from price increases.
2) For the first three quarters of fiscal year 2007, the Total Clorox sales increased 5% compared to the same period in 2006, with International sales up 9% due to price increases and strong shipments.
3) The Laundry/Home Care segment saw a 4% sales increase in fiscal year 2006 and 1% growth for the first three quarters of 2007 as strong
Impacts of economic recession on cambodia garment industriesNarith Por
The document summarizes the impacts of the global economic recession of 2007-2009 on Cambodia's garment industries. It finds that Cambodia's economy slowed during the recession as exports dropped 23% to the US and Europe. This led to over 60,000 garment workers being laid off. Factories closed and wages declined, hurting workers. The recession exposed Cambodia's garment industry's vulnerability to downturns in US retail sales. Diversifying markets and creating unemployment funds were recommended to mitigate future impacts.
Pine Flash Note: Monetary Policy – walking on thin iceBanco Pine
The document summarizes Pine's revised forecasts for Brazilian inflation and economic growth in 2013. Pine has increased its forecast for 2013 IPCA inflation from 5.10% to 5.60% due to deteriorating inflation outlook, but believes the central bank will keep interest rates at 7.25% due to limited economic recovery. Pine's GDP growth forecast of 2.6% is below market consensus of 3.2%. Risks to the inflation forecast include volatility in food prices and currency depreciation.
At&s company internet presentation february 2013AT&S_IR
AT&S presented information on its business, locations, markets, strategy, and recent half-year results. As the largest producer of printed circuit boards in Europe and India, AT&S has 6 production facilities worldwide and focuses on producing high-end technology circuit boards. It is expanding its capabilities with a new plant in Chongqing, China to produce integrated circuit substrates. In the recent half-year results, AT&S saw its turnover distributed across different regions and customer industries.
The Clorox Company reported sales growth for various business segments in fiscal years 2005 and 2006:
- Laundry/Home Care sales increased 5% in FY05 driven by volume growth and price increases, and increased 5% YTD FY06.
- Water Filtration/Canada/U.S. sales declined 1% in FY05 but increased 3% YTD FY06, with higher Canada and trade spending offsetting lower Auto and Brita volumes.
- Bags & Wraps sales grew 15% in FY05 on favorable product mix and pricing, and increased 12% YTD FY06.
- Total Clorox sales increased 5% in FY05
Monsanto is acquiring CanaVialis S.A. and Alellyx S.A., two Brazilian sugar cane breeding and technology companies, representing an R&D platform investment in sugar cane. Sugar cane is grown on nearly 50 million acres worldwide, with Brazil being the largest market and producer. The acquisition will provide Monsanto access to the largest private sugar cane breeder and its partner for developing Bt and Roundup Ready sugar cane traits, allowing Monsanto to leverage its experience in row crops for sugar cane breeding and biotechnology over the long term.
Similar to Stora enso expands_in_pakistan_180912 (11)
Stora Enso reported financial results for Q2 2017 with the following highlights:
- Sales were 2,528 MEUR, marginally higher than the previous year despite divestments. Excluding paper, sales grew 7.1% due to strategic investments and higher prices.
- Operational EBIT was 219 MEUR, similar to last year. The Beihai mill ramp-up negatively impacted results but is expected to reach break-even in Q4 2017.
- Net debt to operational EBITDA ratio improved to 2.0 from 2.2 last year due to strong cash flow generation despite dividend payments.
- Transformation projects contributed positively with the Beihai and Varkaus mills ahead of
Stora Enso reported financial results for the first quarter of 2017. Sales increased 2.1% to 2,497 MEUR, driven by ramp-up of new mills and higher volumes. Operational EBIT was 215 MEUR, impacted by lower paper and pulp prices and costs associated with the Beihai mill start-up. Cash flow from operations was 178 MEUR. The company expects sales and operational EBIT for Q2 2017 to be similar to Q1 levels. Transformation projects are progressing and expected to drive further sales growth going forward.
Stora Enso reported financial results for Q3 2016. Key highlights include:
- Sales decreased 4.3% to 2.39 billion euros due to structurally declining paper business and divested mill, but increased 1.8% excluding these factors.
- Operational EBIT was 219 million euros, down 11% due primarily to ramp-up costs for the new Beihai consumer board mill in China.
- Cash flow from operations was 390 million euros.
- Net debt to operational EBITDA improved to 2.1 from 2.5 the previous year, reflecting ongoing balance sheet strengthening.
- Several growth investments and divestments of non-core businesses were noted as part of the company
- Stora Enso reported financial results for Q2 2016, with operational EBIT increasing 9.2% to €226 million driven by improved results in paper and wood products. The Beihai consumer board mill startup negatively impacted results but is ramping ahead of plan.
- Divestments of the Kabel, Suzhou and IL Recycling businesses were announced. The transformation of the business continues with investments in growth areas like Beihai and the Varkaus kraftliner ramp-up.
- The balance sheet continues to strengthen with net debt to EBITDA of 2.3x and operational ROCE of 10.3%, excluding impacts of the Beihai mill investment.
Stora Enso reported financial results for Q4 and full year 2016. Key highlights include:
- Sales for Q4 2016 were EUR 2.4 billion, up 4.5% excluding declining paper business. Operational EBIT was EUR 191 million.
- Beihai consumer board mill ramp-up is ahead of plan but negatively impacted results. Hardwood pulp prices also declined.
- Cash flow from operations was strong at EUR 461 million. Net debt to EBITDA ratio improved to 2.0x.
- Guidance for Q1 2017 expects similar sales to Q4 2016 and operational EBIT in line with Q4, impacted by Beihai and power failure.
2015 capital markets day presentation by jari latvanenStora Enso
Jari Latvanen has been appointed as the Executive Vice President and Head of Division of Stora Enso's Consumer Board division. He brings experience from leadership roles in the food industry, including as CEO of Findus Nordic. The global consumer board market is growing and expected to increase by 9 million tonnes between 2013-2020, with opportunities for Stora Enso to expand into new regions and board categories. Stora Enso's strategy will focus on delivering a premium customer-focused portfolio through innovation, marketing, quality service and an efficient supply chain while ensuring global responsibility.
2015 capital markets day presentation by marko hakovirtaStora Enso
This document provides information about Marko Hakovirta, including his background and positions held. It discusses Stora Enso, a renewable materials company where Hakovirta is SVP of Innovation and R&D. Stora Enso focuses on innovation in renewable packaging materials, such as microfibrillated cellulose, and has research centers in Finland and Sweden developing new technologies and collaborating with external partners. The company aims to provide customers with renewable solutions to meet consumer demand for sustainable packaging options.
2015 capital markets day presentation by Ulla Paajanen SainioStora Enso
This document provides an agenda for Stora Enso's 2015 Capital Markets Day being held in London on 28 May 2015. The day will include welcoming remarks and presentations from Stora Enso's CEO, executives from their Consumer Board and Packaging Solutions divisions, and their CFO. Presentations will cover topics like innovations in packaging and their Guangxi project in China. There will also be a panel discussion on innovations and closing comments from the CEO before concluding with drinks and dinner.
- Stora Enso reported financial results for Q2 2014, with sales of EUR 2.579 billion and operational EBIT margin of 8.1%, up from 4.5% in Q2 2013.
- All business divisions improved operational EBIT significantly compared to Q2 2013. Renewable Packaging achieved record results with operational EBIT up almost 50%.
- The fixed costs reduction program was completed, exceeding its target by 22%. Transformation to renewable materials continues with the Virdia acquisition and machine conversion in Varkaus.
Stora Enso's Annual General Meeting 2014, presentationStora Enso
The document provides information from Stora Enso's Annual General Meeting held on April 23, 2014.
The summary is:
1) Stora Enso reported full year 2013 sales of EUR 10.5 billion and operational EBIT of EUR 578 million. Lower costs improved first quarter 2014 profits year-over-year.
2) The CEO discussed the company's strategy of lowering fixed costs and growing in renewable packaging, pulp, and building materials.
3) The meeting covered topics like adoption of annual accounts, dividend payments, discharge of board members from liability, board remuneration, and appointment of auditors.
Stora Enso Q1/2014 financial results, presentationStora Enso
Stora Enso reported financial results for Q1 2014 with the following key points:
- Operational EBIT increased 54% to EUR 182 million due to lower costs and depreciation. Nearly all of the EUR 200 million cost reduction program was realized ahead of schedule.
- CEO Jouko Karvinen will retire in 2014 after seven years as CEO. A successor is being sought.
- Printing and Reading improved profits by EUR 33 million through lower costs and depreciation including the closure of a paper machine.
- Guidance for the rest of 2014 expects sales and operational EBIT to remain similar to Q1 levels despite planned mill maintenance shutdowns.
2014-1 Board Paper by Stora Enso Consumer BoardStora Enso
Tambrite is a renowned, fully coated folding boxboard produced by Stora Enso. It is widely used in pharmaceutical, food, chocolate, and confectionery packaging [SENTENCE 1]. Stora Enso has developed an improved Tambrite with a reduced basis weight that provides benefits such as raw material savings, less weight in storage and transportation, less packaging waste, and a lower carbon footprint [SENTENCE 2]. The runnability, stiffness, print results and packaging performance of the improved lighter-weight Tambrite are guaranteed to remain as good as ever [SENTENCE 3].
2014-1 Board Paper by Stora Enso Consumer Board, SpanishStora Enso
El documento describe las ventajas de la nueva versión más ligera del cartón Tambrite de Stora Enso, que se utiliza ampliamente para el packaging de productos farmacéuticos, alimenticios y de chocolate. La reducción del gramaje nominal del cartón aporta beneficios como el uso de menos materia prima, menos espacio de almacenamiento y transporte, menos desperdicio de packaging y menores tasas e impacto ambiental. A pesar de ser más ligero, el cartón mantiene su excelente rendimiento para aplicaciones complejas.
Stora Enso's Q4 and Full Year 2013 ResultsStora Enso
Stora Enso reported financial results for Q4 2013 on February 5th, 2014. Operational EBIT was EUR 152 million for Q4, down 3.8% year-over-year. Cash flow from operations was strong at EUR 470 million. Renewable Packaging saw record operational EBIT and cash flow due to the new Ostrołęka containerboard machine reaching targeted profitability. Fixed costs decreased EUR 60 million in 2013. Guidance for 2014 expects sales to be similar to Q4 2013 and operational EBIT to be from similar to somewhat higher. Transformation and restructuring continues across all business areas to improve profitability.
Stora Enso Financial Results Q3/2013 presentationStora Enso
- Stora Enso reported significantly higher operational EBIT of EUR 184 million for Q3 2013 compared to Q2 2013, driven by strong contributions from Renewable Packaging and Building and Living. Cash flow from operations was solid at EUR 331 million.
- European paper market remains weak with overcapacity persisting across all grades except newsprint. Stora Enso is continuing efforts to reduce fixed costs.
- Transformation projects are proceeding with the Uruguay pulp mill expected to start up in early 2014 and the Guangxi consumer board mill to start in early 2016.
- Guidance for Q4 2013 expects sales to be lower and operational EBIT to be clearly lower compared to Q4 2012 due to seasonal factors.
- Stora Enso reported Q2 2013 operational EBIT of EUR 124 million, in line with expectations. Cash flow from operations was EUR 344 million.
- Printing and reading paper demand declined 6% year-over-year due to structural changes. Cost reduction efforts are a top priority to address this.
- The company is on track to achieve EUR 200 million in annual fixed cost savings through restructuring. Several mill closures have contributed to this.
- Plans are progressing for major projects including the new consumer board machine in Guangxi, China and the biorefinery in Sunila, Finland.
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1. Stora Enso expands business in Pakistan
Mats Nordlander, Executive Vice President Renewable Packaging
September 18 2012 1
2. Stora Enso portfolio
FY 2011
Group Sales, EUR 10 964.9 million Operational EBIT, 866.7 EUR million
Printing and Reading Biomaterials Building and Living Renewable Packaging Other
0%
29% 5.5 %
46% 32.9 %
34.8 %
15%
10%
19.5 %
6.0 %
2
3. Stora Enso strategy
Growth markets
Renewable
packaging
Biomaterials
Competitive paper
4. Implementing strategy
High return growth businesses
Project On target Status
Montes del Plata Start up approximately
pulp mill, Uruguay mid-year 2013
Ostroleka Proceeding as planned
containerboard
machine, Poland
Guangxi, China Proceeding as planned
Skoghall Support wood handling in
investment Sweden and further
develop Skoghall mill
Stora Enso Inpac Q3 2011
Bulleh Shah Packaging Q1 2013
Limited
5. Timing of Strategic Projects
Bulleh Shah
Packaging Guangxi, Chin
Limited a
Q1 2013 Pulp and Board
mill, start-up
Montes del Q4 2014
Plata, Uruguay
Ostroleka, Po Pulp mill, start-up
land mid-year 2013
Stora Enso Inpac
Container
Q3 2011
Skoghall, Swe board
den machine start-
Investment up
start-up end Q1 2013
Q4 2012
5
6. Strongest growth will be in Asia
- Increasing demand of virgin fibre-based consumer board
CAGR
CAGR CAGR
0,2 %
1,4 % 4,6 %
CAGR
6,9 %
1.5
0.9
4,4
3,8
Eastern
6,3
6,2
Europe
Western CAGR
Europe 3,3 %
North
11,6
0,7
0,5
America
Middle East
6,0
& Africa
Fibre-based consumer Asia
board consumption CAGR
2010-2020 CAGR
3,5 %
Million tonnes
China 9%
1,5
1,1
Pakistan
Pakistan 9%
9%
South India 6%
America
Middle East 4%
Source: Pöyry and Stora Enso 6
7. Pakistan is an attractive growing consumer market
Stora Enso partners in customers expansion into new growth markets
• Pakistan the 4’th biggest dairy
market globally
• The market for our products is
growing 5 – 15 percent per year
• Stora Enso global customers are
expanding in Pakistan
7
8. Liquid dairy products significant driver for growth
Especially in China, Brazil, Pakistan and India
Consumption estimate for Liquid Dairy Products
10%
9,0%
9%
8% Total Global LDP
7% average
growth rate:
6%
CAGR 2010 - 2012
2.4%
5%
4%
3,2%
2,8%
3% 2,1%
2% 1,5%1,2%
1%
-0,1% -0,4%-0,3%
-1%
-2%
-3%
-2,8%
-4%
-5%
Volume 57.4 33.7 25.9 22.6 12.8 11 7.7 6.7 5.6 5.1
2012
Bil Litres
Source: Tetra Pak Dairy Index 2009
8
9. Key facts about the investment
• Stora Enso has signed an agreement to establish a
joint venture with Packages Ltd. of Pakistan. The initial
shareholding will be 35% with a commitment to
increase the shareholding at the agreed value to 50%
subject to certain conditions being met.
• The joint venture will include the operations of Kasur
Mill, which is a mill under development (paperboard
and corrugated packaging), and Karachi Plant
(corrugated packaging) currently owned by Packages.
• The joint venture will to a large extent provide
packaging products, such as liquid packaging
board, folding boxboard and corrugated packaging, to
key local and international companies in the fast-
growing market of Pakistan.
• The joint venture will employ about 950 people and its
annual capacity will be 360 000 tonnes of
paperboard, corresponding to a turn over of USD 390
million when the investments have been completed.
9
10. Facts about the joint venture and Packages Ltd
Packages Ltd. is the largest packaging and
board producer and converter in Pakistan.
It has 3 000 employees. The main assets
are located in Lahore and Kasur in the
province of Punjab.
The shares of Packages Ltd. are listed on
the Karachi, Islamabad and Lahore stock
exchanges.
10
11. Our financial commitment
Maximum USD 130 million
• Enterprise value of JV is up to USD 125 million
– Investment made in two steps; 35 % of the JV now and additional 15 % later,
subject to certain conditions being met.
– Including an additional maximum performance compensation, based on the
financial results of the second half of 2012 and the first half of 2013
• Both partners are committed to further investment programme of total
USD 135 million during 2013 and 2014 including:
– a new biomass power plant
– a rebuild of current board machines
• In total, maximum Stora Enso capital commitment of USD 130 million
11
15. Long tradition of cooperation
• Packages is a long term partner
that Stora Enso knows well. The
largest shareholder is the family of
Babar Ali who has long ties with
Swedish and international
companies including Stora Enso in
the region.
• Packages Ltd. has a long tradition
of working with key local and
international companies. Stora
Enso already has a 6.4%
shareholding in Packages Ltd.
15
16. Managed in accordance with Stora Enso policies
• A strong sustainability agenda is
established in Pakistan.
• Already there is advanced processes
established at Packages.
• In addition, Stora Enso will have its own
expertise organization in place.
• Main activities are
training, monitoring, auditing and follow
up in reference to Stora Enso code of
conduct
16
17. Summary
• Strategic move
• Expands in growth market
• Attractive investment
• Long tradition of cooperation
We are committed to growth and
this investment is one of several
proof points in that process.
17
Editor's Notes
This investment is in accordance with our strategy. It covers two aspects of it– Growth markets and renewable packaging
MDP - Operational by the end of Q1 2013Ostroleka - Planned start-up in Q1 2013CLT – Completed during Q3 2012Skoghall - Completed by the end of Q4 2012
Our transformation of the Company involve also other projects than MDP. Here is a timeline how these projects will be completed. The first to be ready is the Skoghallwoodyard investment in Sweden which is on our renewable packaging board mill. That will be completed in the end of this year. After that during first quarter 2013 the Ostroleka, Poland Containerboard machine will be ready. Then MDP at mid-year 2013. Our liquid packaging board mill integrated to plantation based pulp is anticipated to start-up Q4 2014.I will hand this call now over to our CFO Markus Rauramo who will still explain our result to you even though this is his last day in the office, before starting in his new job. Please go ahead Markus.
The biggest growth of virgin-fibre based consumer board consumption will come from Asia. Map 1: Virgin-fibre based consumer board consumption (excl. white line chipboard) (Source: Pöyry)
Stora Enso’s initial shareholding will be 35% with a commitment to increase the shareholding at the agreed value to 50% at a later stage subject to certain preconditions. As part of the agreement, both parties are committed to continuing a substantial investment programme of USD 135 million (EUR xxx million) to develop the business further.