Stora Enso’s sales drop in 2019
Despite achieving a turnover in excess of €10bn, each of Stora Enso’s group operations – packaging, biomaterials, timber and paper – recorded lower year-on-year sales. Wood products achieved sales of €374m, a 6% drop on last year mainly down to lower sawn timber prices. Major operational developments for 2019 included the shutdown of the Kitee sawmill in Finland, the divestment of its sawn construction timber (KVH) mill at Pfarrkirchen in Germany and the transfer of the Uimaharju sawmill, to the Biomaterials division. Stora Enso was selected as the provider of wooden materials for 544 ...
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