Stora Enso will publish its Q3 results for January–September 2024 on Thursday 24 October at approximately 8:30 EEST (7:30 CEST).
Stora Enso Oyj (SEOAY) reports a significant EBIT increase, improved liquidity, and sustainability strides, despite facing sales declines and high fiber costs.
Stora Enso is preparing to sell approximately 12% of its total forest assets of 1.4 million hectares in Sweden. Stora Enso has therefore initiated steps to implement a new legal structure for its Swedish forest assets to facilitate the potential sale. A potential transaction would be subject to agreeing terms and conditions with investors, including a long-term wood supply and forest management agreement. A sale would reduce debt and further strengthen Stora Enso's balance sheet, confirming the