US EditionA Difficult Market Situation Pressed the Profitability of Stora Enso – The Observatorial
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Forestry group Stora Enso rose on the stock market after its Q2 report beat expectations. Handelsbanken and Nordea cut their profit forecasts.
Stora Enso Pulp And Paper Asia Aktiebolag reports the figures for 2024. The company's turnover was just over SEK 103 million, an increase of 6.7 percent. The profit before tax is lower than the previous year, approximately minus SEK 1.1 billion compared to SEK 0.
A difficult market situation pressed the profitability of Stora Enso – The Observatorial
Stock market|Stora Enso’s net sales increased, but the adjusted operating profit deteriorated. The abstract is made by artificial intelligence and checked by man. Forest company Stora Enso’s net sales increased, but profitability declined in the second quarter. The adjusted operating profit dropped to EUR 126 million from the previous year’s EUR 153 million. According to […]
As expected, the weak situation in the pulp and packaging materials market weighed on Stora Enso's results.
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