Stora Enso Reports Q4 Improvement

The forest industry company Stora Enso has posted improved fourth-quarter results.

The company's turnover rose by six million euro over the previous quarter to 137.5 million euros. Profits rose by 109 million euros from a year earlier.

Stora Enso says production of consumer packaging board is more profitable. A similar situation was reported in the newsprint sector, thanks to a stable cost level.

For short-term prospects, the company notes that the world economy is recovering, but it nevertheless feels that the improvement will be slow and inadequate, and that it must continue with its savings programme and initiate new measures to maintain profitability.

Stora Enso plans to pay its shareholders 0.20 euros in capital returns per share.

YLE