Q3 performance came under (more-than-expected) pressure due to price and volume headwinds across most divisions. The dismal Q4 performance outlook was an added disappointment. While near-term macro/business conditions are expected to remain challenging, gradual benefits should materialise via increased targeted cost savings and the healthy potential of Stora’s respective offerings.
30 Oct 2019
Weak Q3 results and bleak Q4 outlook (doesn’t change our recommendation)
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Weak Q3 results and bleak Q4 outlook (doesn’t change our recommendation)
Stora Enso Oyj Class R (STERV:HEL) | 0 0 1.8% | Mkt Cap: 11,103m
- Published:
30 Oct 2019 -
Author:
Varun Sikka -
Pages:
4
Q3 performance came under (more-than-expected) pressure due to price and volume headwinds across most divisions. The dismal Q4 performance outlook was an added disappointment. While near-term macro/business conditions are expected to remain challenging, gradual benefits should materialise via increased targeted cost savings and the healthy potential of Stora’s respective offerings.