Stora Enso Q2 Operational EBIT Up At EUR 161 Mln
July 24 (Reuters) -Stora Enso Oyj STERV.HE:
Q2 SALES EUR 2,301 MILLION VERSUS EUR 2,377.7 MILLION SEEN IN VARA RESEARCH CONSENSUS
Q2 OPERATIONAL EBIT EUR 161 MILLION VERSUS EUR 160.3 MILLION SEEN IN VARA RESEARCH CONSENSUS
OUTLOOK FOR Q3 IS SLIGHTLY POSITIVE, SUPPORTED BY STRONG ORDER BOOKS AND AN IMPROVING PRICE OUTLOOK
NEW GUIDANCE: STORA ENSO'S FULL YEAR 2024 ADJUSTED EBIT IS EXPECTED TO BE SIGNIFICANTLY HIGHER THAN FOR FULL YEAR 2023, EUR 342 MILLION
PRICE INCREASES ANNOUNCED DURING Q2 IN BOTH CONSUMER AND CONTAINERBOARD SEGMENTS ARE EXPECTED TO CONTRIBUTE POSITIVELY TO RESULTS, MAINLY IN H2 OF THIS YEAR
PACKAGING SOLUTIONS: DEMAND FOR Q3 IS EXPECTED TO REMAIN STABLE WITH SEASONAL FLUCTUATIONS
MARKET OUTLOOK: ANTICIPATES A GRADUAL MARKET RECOVERY IN 2024
BIOMATERIALS: LOOKING AHEAD IN Q3, OVERALL PULP DEMAND IN EUROPE AND CHINA IS PROJECTED TO REMAIN STABLE
WOOD PRODUCTS: SALES AND VOLUMES ARE PROJECTED TO DECREASE SEQUENTIALLY IN Q3 DUE TO HOLIDAY SEASON
IN Q3, WOOD MARKET ACTIVITY IS EXPECTED TO REMAIN STRONG IN FINLAND, SWEDEN, AND BALTICS
PROFIT IMPROVEMENT PROGRAMME HAS SUPPORTED AN IMPROVEMENT IN EARNINGS TREND DUE TO ENHANCED EFFICIENCIES AND CASH FLOW, AND STRENGTHENED LEVERAGE RATIO
Source text for Eikon: ID:nWkr8hhfw6
Further company coverage: STERV.HE
(Gdansk Newsroom)
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