Stora Enso posts higher quarterly
Photo: Stora Enso/Handout/TT

Stora Enso posts higher quarterly profit, but misses analyst forecasts

Swedish-Finnish forestry group Stora Enso reports adjusted operating profit of EUR 160 million for the second quarter of this year. That is a 27 percent increase from the second quarter of last year.

Analysts had expected more. The average forecast was 181 million euros, according to Bloomberg.

Sales were essentially unchanged at 2.4 billion euros.

The market is characterised by challenges, says CEO Hans Sahlström in a comment:

"Demand in many end markets continued to be subdued and geopolitical tensions increased uncertainty during the quarter. The conflict in Iran contributed to higher costs for energy, logistics and other inputs."

Stora Enso aims to spin off its Swedish forestry operations into a new listed company in the first half of 2027.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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