This release is a summary of Stora Enso's Interim Report January–September 2024. The complete report is attached to this release as a pdf file. It is also available on the company website ...
STORA ENSO OYJ ADR R SH (SEOAY)
NASDAQ:AMEX Investor Relations:
storaenso.com/investors
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Source: Yahoo! Finance
PR Newswire 12 min read In This Article STORA ENSO OYJ INTERIM REPORT 24 October 2024 at 8:30 EEST HELSINKI Oct. 24, 2024 /PRNewswire/ -- Q3/2024 (year-on-year) Sales increased by 6% to EUR 2,261 (2,127) million. Adjusted EBIT increased to EUR 175 (21) million*. Adjusted EBIT margin increased to 7.8% (1.0%). Operating result (IFRS) was EUR 139 (-1) million*. Earnings per share (EPS) were EUR 0.11 (-0.04) and EPS excl. fair valuations (FV) was EUR 0.10 The value of the forest assets increased to EUR 8.8 (8.3) billion, equivalent to EUR 11.11 per share. Cash flow from operations amounted to EUR 271 (231) million. Cash flow after investing activities was EUR 4 (38) million. Net debt increased by EUR 409 million to EUR 3,528 (3,120) million, mainly due to the board investment at the Oulu site. The net debt to adjusted EBITDA (LTM) ratio was 3.1 (2.4). The target to keep the ratio below 2.0 remains. Q1–Q3/2024 (year-on-year) Sales were EUR 6,727 (7,222) mil
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- Stora Enso strengthens wood supply chain to its packaging board site in Oulu by acquiring a Finnish sawmill companyPR Newswire
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