Stora Enso CEO Jouko Karvinen comments on third quarter 2011 results announced today
STORA ENSO OYJ STOCK EXCHANGE RELEASE 21 October 2011 at 13.01 EET“We finished the third quarter as planned. The business areas performed as expected, but associated companies underperformed, essentially due to currency impact. “In July we forecast rapidly increasing economic uncertainty and the need to plan for alternative demand scenarios going forward. We described the early signs of weakening demand and sales channel inventory reductions in Fine Paper and Wood Products. Whereas we see for example in coated fine paper stabilisation after inventory corrections, it is clear that going