Stora Enso CEO Jouko Karvinen comments on first quarter 2012 results announced today
STORA ENSO OYJ STOCK EXCHANGE RELEASE 24 April 2012 at 13.01 EET“Our first quarter earnings performance was overall in line with our guidance in February. However, the return on capital employed was below cost of capital, which shows the never-ending need to improve our cost position and operational performance. In addition to the expected price pressures and variable cost reductions only slowly improving our profit, we also had operational issues in several of our mills, for instance the Nordic mills of the Biomaterials Business Area. The good thing is that we can tackle these challenges