Stora Enso: Wood Products division reports all-time high results
Forest products company Stora Enso's operational earnings rose to 410 million euros (478 million U.S. dollars) before interest and taxes (EBIT) in July-September, up from 175 million euros a year ago. Net sales increased by 23.9 percent to 2577 million euros. "I am delighted to see us deliver yet another robust quarterly performance," said CEO Annica Bresky in a press release on Wednesday. The company said that the improvement in earnings is due to higher prices, and higher sales volumes. Net sales of packaging materials and wood products units reached an all ...
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