Stora Enso Oyj R0CXC
▼ NegativeCapitalrelevance
Reported net loss of €11 million vs profit of €15 million a year earlier, though adjusted EBIT rose.
Impact on stocks 1
Materials
Stora Enso Oyj RStora Enso reported a second-quarter net loss of 11 million euros, swinging from a profit of 15 million euros a year earlier. Loss per share was 0.03 euros compared to a profit of 0.03 euros. Adjusted EBIT rose 27% to 160 million euros, supported by the ramp-up of a new consumer board line at the Oulu site, and the adjusted EBIT margin widened to 6.6% from 5.2%. Sales remained nearly flat at 2.42 billion euros versus 2.43 billion euros, as structural gains were offset by lower prices and adverse currency movements.
Stora Enso Oyj RReported net loss of €11 million vs profit of €15 million a year earlier, though adjusted EBIT rose.