Stora Enso raises its guidance for the full year 2024 adjusted EBIT (Inside information) [Yahoo! Finance]
STORA ENSO OYJ ADR R SH (SEOAY)
NASDAQ:AMEX Investor Relations:
storaenso.com/investors
Company Research
Source: Yahoo! Finance
full year 2024 adjusted EBIT guidance will be exceeded, thanks to successful implementation of profit improvement actions and more favourable market conditions. The Company has therefore revised its full year 2024 adjusted EBIT guidance to be significantly higher (+50% and above) than the full year 2023 of EUR 342 million . The previous guidance for the full year 2024 was the adjusted EBIT to be higher (more than +15%, but less than +50%) than full year 2023. In the outlook comment in its Q1 2024 report, published on 25 April, Stora Enso stated that it anticipates a gradual recovery in market conditions in 2024, with increased demand for consumer board, higher pulp demand and prices. These market trends are continuing with improved volume and pricing. The Group's profit improvement actions are becoming visible in the result development. Consequently, Stora Enso has revised its internal forecasts for the full year 2024 to a higher level than previously estimated. The outlook has im
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