Stora Enso interim report January–March 2017: Transformation driving sales growth
STORA ENSO OYJ, Helsinki, FinlandINTERIM REPORT 27 April 2017 at 13.00 EETQ1/2017 (year-on-year) · Sales at EUR 2 497 (EUR 2 445) million increased for the first time in five years. · Sales excluding the paper business increased 9.7% · Operational EBIT decreased to EUR 215 (EUR 248) million. This is mainly due to lower hardwood pulp and paper prices, and transformational costs, such as innovation and investments to growth businesses. · Balance sheet remained strong; net debt to operational EBITDA improved to 2.0 (2.2) · The ramp-up of Beihai Mill is proceeding ahead of