All thanks to COVID-19, Stora Enso reported weak Q1 20 results, tweaked its 2019 dividend plans and suspended all guidance/outlook. However, operating profitability was better vs. Q4 19. Fortunately, Packaging did well, while Forest (new division) was off to a good start. While there are pertinent issues across the board – pulp, paper and wood, in particular – Stora seems well-equipped (funding-wise) to withstand any prolonged weakness.
21 Apr 2020
Weak Q1 20; although there’s hope in smaller pockets
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Weak Q1 20; although there’s hope in smaller pockets
Stora Enso Oyj Class R (STERV:HEL) | 0 0 1.8% | Mkt Cap: 11,103m
- Published:
21 Apr 2020 -
Author:
Varun Sikka - Pages:
All thanks to COVID-19, Stora Enso reported weak Q1 20 results, tweaked its 2019 dividend plans and suspended all guidance/outlook. However, operating profitability was better vs. Q4 19. Fortunately, Packaging did well, while Forest (new division) was off to a good start. While there are pertinent issues across the board – pulp, paper and wood, in particular – Stora seems well-equipped (funding-wise) to withstand any prolonged weakness.