Stora Enso 4Q sales grew 3%

Posted 二月 9, 2018
Stora Enso 4Q 2017 sales at Euro 2 511 million grew Euro 73 million, or 3% compared to same period a year ago. 4Q 2017 operational EBIT at Euro 280 million increased clearly by Euro 89 million, or 46.6%. The operational EBIT margin increased over 3%-points to 11.2%, as the company said in the press release received by Lesprom Network.

The Euro 50 million profit improvement programme is proceeding according to plan. Over 50% of the targeted costsavings were achieved by the end of the quarter, full effect expected by the end of 2018.

Stora Enso’s CEO Karl-Henrik Sundström comments on 4Q 2017 results: “We have reached a new level as a renewable materials company. The transformation has proven successful as we exceeded ten billion euros in sales and one billion in operational EBIT for the year. At the same time, we have strengthened our position in the bioeconomy for the future.”

FY 2017 sales at Euro 10 045 million were 2.5% higher than a year earlier, mainly due to higher volumes in all divisions except Paper, favourable pulp prices in all grades and also favourable prices in Packaging Solutions and Wood Products divisions.

Operational EBIT reached a significant milestone at Euro 1 004 million and increased 13.6%, mainly due to higher volumes, higher sales prices and better mix. Net foreign exchange rate movements, higher variable and fixed costs had a negative impact on operational EBIT. The increased costs were largely offset by good cost management through the Profit Improvement Programme. Operational EBIT margin was 10%.

Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets.


標籤: Stora Enso

主題: 财务

評論

喜歡這一點,你需要註冊。
要做到這一點,請輸入您的姓名和電子郵件地址。
名稱:
姓:
電子郵件:
性別:
如果您已經註冊,
請輸入您的詳細信息 這裡
要留下意見,你需要註冊。
要做到這一點,請輸入您的姓名和電子郵件地址。
名稱:
姓:
電子郵件:
性別:
如果您已經註冊,
請輸入您的詳細信息 這裡
我們歡迎通過相關的意見和數據推動故事的評論。如果你看到一個評論,您認為是無關緊要的或不適當的,可以將其標記為我們的編輯使用報告濫用鏈接。在表達意見的看法,並不代表Lesprom網絡。有關我們註釋策略的更多信息,請參見: http://www.lesprom.com/legal/comment_policy/
返回頁首