"The forecast is that the market will continue to be subdued and unpredictable, influenced by macroeconomic factors and an ongoing uncertain geopolitical situation," the company writes in a press release.
According to Stora Enso, work is now underway to reduce costs and strengthen efficiency to improve results and increase competitiveness.
The dividend is proposed to be increased by 25 percent to 0.25 euros per share, up from 0.20 euros per share last year.
Stora Enso plans to sell approximately 12 percent of its forest assets in Sweden, covering 1.4 million hectares, with a book value of 6.3 billion euros.
"The sales process is ongoing," writes Stora Enso.
For the fourth quarter last year, Stora Enso reports a more than doubling of the adjusted operating result to 121 million euros, up from 51 million.
Revenue increased by 7 percent to 2.3 billion euros.
