Stora Enso Oyj Half-year Report January–June 2023: Accelerating restructuring in challenging markets
STORA ENSO OYJ HALF-YEAR FINANCIAL REPORT 21 July 2023 at 8:30 EESTQ2/2023 (year-on-year)
• Sales decreased by 22% to EUR 2,374 (3,054) million.
• Operational EBIT decreased by 93% to EUR 37 (505) million.
• Operational EBIT margin decreased to 1.6% (16.5%).
• Operating profit (IFRS) decreased to EUR -253 (399) million.
• EPS was EUR -0.29 (0.38) and EPS excl. fair valuations (FV) was EUR -0.27 (0.42).
• Cash flow from operations amounted to EUR 146 (404) million. Cash flow after investing activities was EUR -70 (247)