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 divisional sales increased by 35% to €1.87bn (2020: €1 ...
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