Stora Enso’s Wood Products division reports record results driven by high prices

Stora Enso’s Wood Products division reports record results driven by high prices
      Nordic forest products giant Stora Enso has reported an 83% growth in annual pre-tax profits for 2021 to €1.41bn (2020: €773m).      Annual sales for Stora Enso increased by 18.8% to €10.1bn (2020: €8.55bn).    Sales increased by 26.3% to €2.71bn in Q4, 2021, while Q4 pre-tax profits were up 205% on Q3 to €793m.    The wood products division benefited from sustained, historically high price levels and a good market and product mix. Annual ...

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