Stora Enso’s 2Q 2018 sales increased 5.4% or Euro 136 million to Euro 2 664 million, compared to the same period a year ago. This was a record high 2Q sales since 2013 and the sixth consecutive quarter of growth, as the company said in the press release received by Lesprom Network.
2Q 2018 operational EBIT was Euro 327 million, an increase of 49% or Euro 108 million. The operational EBIT margin improved by 3.6%-points to 12.3%.
2Q operational EBIT increased 49.4% to Euro 327 million, despite temporary headwinds in wood sourcing and Consumer Board production. The increase was due to favourable prices and active product mix management. The operational EBIT margin was 12.3%.
Sales for January–June 2018 increased 4.3% or Euro 218 million to Euro 5 243 million, compared to the same period a year ago.
2H 2018 operational EBIT increased by Euro 262 million or 60% to Euro 696 million and represents a margin of 13.3%. The positive impact from depreciation, closed units and operational result from equity accounted investments was EUR 20 million, mainly due to increased profitability from Nordic equity accounted investments.
Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper.
