Stora Enso started 2017 on a sombre note. Although, similar to peers, its Q1 17 results came in largely ahead of consensus estimates. With a positive contribution from all segments (except paper), sales increased (2.1% yoy; 2.4% qoq) to €2.5bn – resulting in the first quarterly sales growth in five years. Top-line support came from healthy volumes (+4%), which were particularly strong in consumer board and packaging on account of the ramp-up at the Beihai consumer board and Varkaus
07 Jun 2017
Ordinary Q1 performance; a lot still hinges on growth projects
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Ordinary Q1 performance; a lot still hinges on growth projects
Stora Enso Oyj Class R (STERV:HEL) | 0 0 1.8% | Mkt Cap: 11,103m
- Published:
07 Jun 2017 -
Author:
Varun Sikka -
Pages:
4
Stora Enso started 2017 on a sombre note. Although, similar to peers, its Q1 17 results came in largely ahead of consensus estimates. With a positive contribution from all segments (except paper), sales increased (2.1% yoy; 2.4% qoq) to €2.5bn – resulting in the first quarterly sales growth in five years. Top-line support came from healthy volumes (+4%), which were particularly strong in consumer board and packaging on account of the ramp-up at the Beihai consumer board and Varkaus