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Forestry Company Stora Ensen The second quarter showed a significant improvement compared to the same period last year. Adjusted operating profit rose to 161 million euros, compared to 37 million euros in the same period last year.
Turnover fell by 3% to around 2.3 billion euros.
Stora Enso expects the market to gradually recover this year.
managing Director Hans Solstrom Encouragingly, Stora Enso’s second-quarter results were in line with expectations, confirming its profit guidance for the year updated in May.
– Progress in our projects to increase profitability and cash flow as well as more favorable market conditions in certain segments have supported earnings development for three consecutive quarters, Sohlström said in the interim report.
In May, Stora Enso raised its profit guidance due to measures to improve profitability and improved market conditions. In its recent interim report, the guidance remained unchanged. The company expects full-year results to be significantly higher than last year.
The adjusted operating profit percentage, which describes the profitability of Stora Enso’s business, rose to 7.0% in the April-June period. Compared with the same period last year, this figure remained at a modest level of 1.6%.
– Sohlström commented that despite challenges such as rising wood costs and the political strike in Finland, higher sales volumes and lower fixed and chemical costs supported production.
According to Stora Enso, the investment in the consumer packaging board production line at the Oulu mill is progressing as planned. Production is expected to start in the first half of next year and is expected to reach full capacity in 2027.
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