The January to September interim report from Stora Enso Oyj states that sales were €7,644m (7,828), due to decreased prices and volumes. Operational EBIT was €841m (1,054), due to decreased prices and volumes and increased variable costs.
Deteriorating trading conditions caused by geopolitical uncertainties related to trade wars and a possible hard Brexit are expected to impact Stora Enso negatively. Demand growth is forecast to slow for Stora Enso’s businesses in general and the decline in demand for European paper will continue. Due to the profit protection programme, costs are forecast to remain roughly at the same level in 2019 as in 2018. Stora Enso is still implementing additional profit protection measures to mitigate negative financial impacts of the current situation.