Stora Enso Oyj Half-year Report January–June 2020
STORA ENSO OYJ HALF-YEAR FINANCIAL REPORT 21 July 2020 at 8.30 EESTResilient in the headwinds Solid profitability and cash flow Q2/2020 (compared with Q2/2019) · Sales decreased by 18.9% to EUR 2 114 (2 608) million, due to lower deliveries and prices, as a result of the impact of the Covid-19 pandemic. · Operational EBIT decreased to EUR 178 (299) million. The impact of lower sales was partly offset by good cost management. · Operational EBIT margin was 8.4% (11.5%). · Operating profit (IFRS) was EUR 226 (142) million. · EPS was EUR 0.19 (0.08) and EPS excl. IAC and