The Board of Directors of Stora Enso Oyj has resolved to establish two new share-based incentive plans for the key employees of the Group and its subsidiaries. Stora Enso’s goal is to offer remuneration that motivates, encourages, attracts, and retains top-tier employees. The Group carefully aligns remuneration elements with its strategy and long-term financial interests.

Due to the continued weak and uncertain market environment, Stora Enso plans to initiate a new profit improvement programme targeting annualised EUR 80 million improvement of the operational EBIT. This could lead to a potential reduction of approximately 1,000 employees. Local change negotiations in line with the local legislations will start as soon as country specific plans are further detailed.

Q4/2023 (year-on-year)

• Sales decreased by 24% to EUR 2,174 (2,864) million.

• Operational EBIT decreased to EUR 51 (355) million.

• Operational EBIT margin decreased to 2.3% (12.4%).

• Operating profit (IFRS) decreased to EUR -326 (705) million.

• EPS was EUR -0.36 (0.74) and EPS excl. fair valuations (FV) was EUR -0.64 (0.32).

• Cash flow from operations amounted to EUR 323 (429) million. Cash flow after investing activities was EUR -9 (202) million.

Acquisition of the freight forwarder Cargo-Link based in Salt Lake City, Utah

The international transport and logistics company Gebrüder Weiss is expanding in the USA. Following the establishment of new locations in Laredo, Texas, and Miami last year, the US network is now expanding with yet another location. In Salt Lake City, capital of the state of Utah, Gebrüder Weiss is taking over the sea and air freight forwarding company Cargo-Link on February 1.

A strategic expansion for the industry-leading inkjet printing company, integrating technology and ink production within an impressive 12,000 square meters.

For 2023, Bobst Group SA is currently expecting full year sales to be higher than the level reached in 2022 (2022 CHF 1 841 million). The full year operating result (EBIT) margin will be slightly lower than in 2022 (7.7%).

Through the acquisition of Canadian company Real Tech, ABB expands its strong presence in the water segment and complements its portfolio with optical sensor technology critical for the age of smart water
Real Tech is a market leader in real-time water quality monitoring and testing with more than 10,000 installed solutions in municipal water and wastewater, and other industries around the world
The acquisition positions ABB for growth opportunities resulting from the global push for sustainable water management

Swiss start-up Sevensense, a leader in AI-based navigation, enables the highest levels of speed, accuracy and autonomy of mobile robots, one of the fastest growing robotics markets

Acquisition underlines ABB’s strategic investment focus on innovative AI solutions transforming industries, such as logistics and manufacturing

ABB becomes leader in next-generation AMRs, integrating Visual SLAM technology with leading hardware and software portfolio

Arkema becomes a shareholder of the start-up Tiamat, spun off from the CNRS (Centre National de la Recherche Scientifique) in 2017 and a pioneer in sodium-ion battery technology. This investment will enable the Group to accelerate the development of technical solutions adapted to these batteries, which do not use lithium. The Group is once again demonstrating its willingness to be a key player in battery materials, offering a unique range of products adapted to all energy storage technologies.

Ricoh’s production print customers are set to benefit from an even greater range of finishing capabilities, following the successful acquisition of Albyco, a prominent player in the graphics business.

The Netherlands-based business, Albyco, specialises in finishing solutions for a broad variety of print related products for digital graphic communications label, signage and packaging applications. The integration of Albyco’s expertise into Ricoh’s expanding suite of products enhances the company’s end-to-end print solutions offering, benefiting Ricoh’s production print customers with an extended range of finishing capabilities.

Ricoh’s production print customers are set to benefit from an even greater range of finishing capabilities, following the successful acquisition of Albyco, a prominent player in the graphics business.
The Netherlands-based business, Albyco, specialises in finishing solutions for a broad variety of print related products for digital graphic communications label, signage and packaging applications.

Xerox Holdings Corporation today announced a new operating model and organizational structure to further the company’s Reinvention.