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Stora Enso's Q4 operating profit doubles thanks to price hikes and cost cuts
Posted on February 12, 2025 |
Stora Enso’s Q4 operating profit jumped to €121 million from €51 million in 2023, thanks to higher prices and cost-cutting measures.
The company’s shares fell 4.2% by 08:36 GMT due to missing detailed plans for 2025.
Shares of Finnish rival UPM also dropped 2% in early trading.
In October, Stora Enso announced plans to sell part of its Swedish forest assets to lower debt.
The company aims to sell 12% of its 1.4 million hectares of forests in Sweden.
These forest assets, worth €6.3 billion, are still in the process of being sold.