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StoraEnso


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Stora Enso Sells Sunila Factory Site To Aalto Development Oy

BRIEF-Stora Enso Sells Sunila Factory Site To Aalto Development Oy Nov 8 (Reuters) - Stora Enso Oyj STERV.HE : SELLS SUNILA FACTORY SITE TO AALTO DEVELOPMENT OY SALE PRICE NOT DISCLOSED DEAL EXPECTED TO BE COMPLETED IN Q4 2024 Further company coverage: STERV.HE (Gdansk Newsroom)
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JPM expects improved set-up for Europe paper & packaging

BUZZ-JPM expects improved set-up for Europe paper & packaging ** J.P.Morgan says set-up has improved for paper & packaging since earnings season, with hardwood pulp prices near a bottom ** Says prices fall to levels that historically trigger more pulp purchases and result in pro-active capacity curtailments ** Expects only mild recovery in pulp in
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Direct Line Insurance, Equals Group, Holmen AB

EUROPE RESEARCH ROUNDUP-Direct Line Insurance, Equals Group, Holmen AB Nov 5 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Direct Line Insurance, Equals Group and Holmen AB on Tuesday. HIGHLIGHTS * Cab Payments Holdings Plc CABP.L : Peel Hunt cuts target price to 115p from 130p * Deutsche Boerse AG DB1Gn.DE : JP Morgan cuts target price to EUR 194 from EUR 196 * Direct Line Insurance DLGD.L : JP Morgan cuts target price to 200p f
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Kymmene flags hit from weak pulp, fine paper markets in China

UPM-Kymmene flags hit from weak pulp, fine paper markets in China Oct 29 (Reuters) - Finnish forestry firm UPM-Kymmene UPM.HE on Tuesday said weak fine paper market in China, along with falling prices and demand for hardwood pulp in the country had hit its third-quarter profits, underscoring the slowing recovery in the forest industry. WHY IT'S IMPORTANT UPM's comments follow similar ones from Finnish peer Stora Enso STERV.HE which last week said pulp prices in China, the world's largest pulp ma
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Glencore, Knaus Tabbert, LSE

EUROPE RESEARCH ROUNDUP- Glencore, Knaus Tabbert, LSE Oct 28 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Glencore, Knaus Tabbert and LSE, on Monday. HIGHLIGHTS * Glencore Plc GLEN.L : HSBC raises to buy from hold * Knaus Tabbert AG KTAG.DE : Jefferies cuts to hold from buy * LSE LSEG.L : RBC raises target price to 11,600p from 11,000p * Suzano SUZB3.SA : HSBC raises to buy from hold * Veolia VIE.PA : RBC initiates coverage with
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Stora Enso Acquires Finnish Sawmill Company For EUR 137 Mln

BRIEF-Stora Enso Acquires Finnish Sawmill Company For EUR 137 Mln Oct 28 (Reuters) - Stora Enso Oyj STERV.HE : STORA ENSO STRENGTHENS WOOD SUPPLY CHAIN TO ITS PACKAGING BOARD SITE IN OULU BY ACQUIRING A FINNISH SAWMILL COMPANY ACQUISITION AIMS TO SECURE A COST-EFFICIENT WOOD SUPPLY TO STORA ENSO'S PACKAGING BOARD SITE IN OULU, FINLAND TOTAL ENTERPR
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Top of the Street: Stora Enso, DSV, Ryanair

BUZZ-Top of the Street: Stora Enso, DSV, Ryanair A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Inderes raises the Finnish forestry company Stora Enso STERV.HE to "accumulate" from "reduce" as its balance sheet offers an attractive return to risk ratio, despite it needing to implement further measures to reduce the balance sheet discount ** HSBC raises DSV DSV.CO to "buy" from "hold" as its track record bodes well for the integration of DB Schenker, whi
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Anglo American, Munich Re, Stora Enso Oyj

EUROPE RESEARCH ROUNDUP-Anglo American, Munich Re, Stora Enso Oyj Oct 25 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Anglo American, Munich Re and Stora Enso Oyj , on Friday. HIGHLIGHTS * Anglo American Plc AAL.L : HSBC cuts target price to 2150p from 2200p * Brooks MacDonald Group Plc BRK.L : Peel Hunt cuts to add from buy * DSV DSV.CO : HSBC raises to buy from hold * Munich Re MUVGn.DE : Berenberg cuts to hold for buy * Stora
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European shares end flat as economic woes overshadow upbeat earnings

UPDATE 2-European shares end flat as economic woes overshadow upbeat earnings For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Travel and leisure tops sectoral gainers Hermes underpins mood in luxury stocks Renault rises after Q3 sales beat Edenred plummets on slight Q3 miss Updated at 1605 GMT By Paolo Laudani, Ankika Biswas and Johann M Cherian Oct 24 (Reuters) - European shares gave up early gains to close little changed on Thursday a
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Stora Enso sees slower forestry market recovery after Q3 profit miss

UPDATE 3-Stora Enso sees slower forestry market recovery after Q3 profit miss Adds CEO comments from interview in paragraphs 4-5 and 12 Oct 24 (Reuters) - Finnish forestry company Stora Enso STERV.HE missed market expectations for third-quarter operating profit on Thursday and said it expected the gradual market recovery seen so far this year to slow down in the fourth quarter.
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Finnish forestry group Stora Enso posts Q3 operating profit below expectations

Finnish forestry group Stora Enso posts Q3 operating profit below expectations Oct 24 (Reuters) - Finnish forestry company Stora Enso STERV.HE reported a third-quarter operating profit below market expectations on Thursday, and said the gradual market recovery seen so far would slow down in the final quarter of the year. Reporting by Elviira Luoma
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Stora Enso Expects Market Recovery To Slow Down In Q4

BRIEF-Stora Enso Expects Market Recovery To Slow Down In Q4 Oct 24 (Reuters) - Stora Enso Oyj STERV.HE : FY 2024 ADJUSTED EBIT EXPECTED TO BE SIGNIFICANTLY HIGHER THAN IN 2023, EUR 342 MILLION GRADUAL MARKET RECOVERY TO SLOW DOWN FOR REST OF YEAR, ADVERSELY IMPACTS PROFITS IN Q4 HIGH WOOD COSTS ARE LIKELY TO CONTINUE COMPRESSING MARGINS WOOD MARKET
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Stora Enso Discontinues Divestment Process For Beihai Site

BRIEF-Stora Enso Discontinues Divestment Process For Beihai Site Oct 23 (Reuters) - Stora Enso Oyj STERV.HE : DISCONTINUES DIVESTMENT PROCESS FOR BEIHAI SITE RETAINS BEIHAI OPERATIONS DUE TO HIGHER OWN USE VALUE BEIHAI SITE NO LONGER CLASSIFIED AS ASSETS HELD FOR SALE ADJUSTED EBIT AND IFRS OPERATING RESULT TO DECREASE BY EUR 30 MILLION FOR 2024 So
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Stora Enso Comments On Postponement Of Payments To Suppliers

BRIEF-Stora Enso Comments On Postponement Of Payments To Suppliers Oct 16 (Reuters) - Stora Enso Oyj STERV.HE : STORA ENSO COMMENTS ON POSTPONEMENT OF PAYMENTS TO SUPPLIERS CASH FLOW EFFECT OF THE ONE-WEEK END OF THE QUARTERS POSTPONED PAYMENTS HAS BEEN ON AVERAGE EUR 70 MILLION THIS IS NOT MATERIAL IN RELATION TO STORA ENSO’S TOTAL CASH FLOW AND
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Finland's Kymmene shares fall as weak demand prompts outlook cut

BUZZ-Finland's UPM-Kymmene shares fall as weak demand prompts outlook cut ** Shares in UPM-Kymmene UPM.HE fall more than 4% after the Finnish forestry firm cut its full year outlook, citing weak market demand, lower deliveries in H2 ** Stock is on track for its worst day in more than 8 months ** "During the second half of the year, UPM's earnings h
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Stora Enso Says It Postponed Payments To Optimize Cash Flow

BRIEF-Stora Enso Says It Postponed Payments To Optimize Cash Flow Oct 15 (Reuters) - Stora Enso Oyj STERV.HE : SAID ON MONDAY DAGENS INDUSTRI SAID THAT STORA ENSO DECIDED TO POSTPONE WEEKLY SUPPLIER PAYMENT RUNS IN LAST WEEKS OF JUNE AND SEPT 2024 BY ONE WEEK TO IMPROVE CASH FLOW STORA ENSO CAN CONFIRM THAT SUCH DECISIONS HAVE BEEN MADE TO OPTIMISE
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Companies sell their businesses in Russia

FACTBOX-Companies sell their businesses in Russia Updates Unilever Oct 10 (Reuters) - Many Western companies have sold their Russian assets or handed them over to local managers to comply with sanctions over the war in Ukraine and respond to threats from the Kremlin that it may seize foreign-owned assets. Below are some companies that have sold their businesses in Russia, divided by sector: AUTOS Continental CONG.DE sold its Russian tyre plant to holding company S8 Capital in May 2023. Renault R
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Stora Enso Opens Dry Forming Production Unit In Skene, Sweden

BRIEF-Stora Enso Opens Dry Forming Production Unit In Skene, Sweden Oct 9 (Reuters) - Stora Enso Oyj STERV.HE : OPENS DRY FORMING PRODUCTION UNIT IN SKENE, SWEDEN Further company coverage: STERV.HE (Gdansk Newsroom)
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Barclays upgrades Stora Enso as forest asset sale unlocks value

BUZZ-Barclays upgrades Stora Enso as forest asset sale unlocks value ** Barclays double upgrades Stora Enso STERV.HE to "overweight" from "underweight", expecting a boost to the Finnish forestry firm's balance sheet from its planned sale of forest assets ** "The potential sale of about 12% of Stora Enso's Swedish forest assets ... is higher than to
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Citi sees 'tepid' Q3 commentary for European paper and packaging, focus on 2025

BUZZ-Citi sees 'tepid' Q3 commentary for European paper and packaging, focus on 2025 ** Citi expects Q3 commentary by European paper and packaging firms to be "tepid" overall, with focus now on 2025 as the market awaits clearer signs of recovery ** It says absorption of new pulp supply and Chinese seasonality could renew momentum into 2025, while p
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