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Home BUSINESSStora Enso 3rd quarter results shrink
Wed, 26 Oct, 2016 12:04:16 AM
FTimes – STT Report, Oct 26
Stora Enso's headquarters in Helsinki. File Photo – Lehtikuva.
Pulp and paper manufacturer Stora Enso posted third quarter profits totalling 219 million euros down from 246 million euros in the previous year.
The sales fell 4.3 percent to 2.4 billion euros.
"In the third quarter, sales increased 1.8%, excluding the structurally declining paper business and divested Barcelona Mill," said Stora Enso's CEO Karl-Henrik Sundström in a statement.
According to Sundström ,the increase in sales was primarily due to the ramp-ups of Varkaus kraftliner and Beihai consumer board mills
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