Stora Enso makes write-down of approximately SEK 8.3 billion

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Stora Enso makes write-down of approximately SEK 8.3 billion
Photo: Stora Enso/Handout

The forestry group Stora Enso is making write-downs of approximately 8.3 billion kronor during the fourth quarter, reports Dagens industri.

The write-downs primarily concern the business areas for packaging materials and packaging solutions and are due to a weaker cash flow ahead.

The forestry group has lost nearly 20 percent on the stock exchange since the turn of the year, according to Di.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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