Stora Enso reports Q2 results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 25 2024
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Source: SeekingAlpha
Financial Performance: Stora Enso reported a 3% decrease in Q2 sales to EUR 2,301 million, but continuing operations saw a 1% growth. Adjusted EBIT rose significantly to EUR 161 million with an improved margin of 7.0%.
Earnings Overview: The operating result turned positive at EUR 99 million compared to a loss last year, and earnings per share improved to EUR 0.06 from a loss of EUR 0.29.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
