Stora Enso Raises Its Guidance For Full Year 2024 Adjusted EBIT
May 15 (Reuters) -Stora Enso Oyj STERV.HE:
STORA ENSO RAISES ITS GUIDANCE FOR THE FULL YEAR 2024 ADJUSTED EBIT (INSIDE INFORMATION)
REVISED ITS FULL YEAR 2024 ADJUSTED EBIT GUIDANCE TO BE SIGNIFICANTLY HIGHER (+50% AND ABOVE) THAN FULL YEAR 2023 OF EUR 342 MILLION
ESTIMATES THAT PREVIOUS FULL YEAR 2024 ADJUSTED EBIT GUIDANCE WILL BE EXCEEDED, THANKS TO SUCCESSFUL IMPLEMENTATION OF PROFIT IMPROVEMENT ACTIONS AND MORE FAVOURABLE MARKET CONDITIONS
PREVIOUS GUIDANCE FOR FULL YEAR 2024 WAS ADJUSTED EBIT TO BE HIGHER (MORE THAN +15%, BUT LESS THAN +50%) THAN FULL YEAR 2023
MARKET TRENDS ARE CONTINUING WITH IMPROVED VOLUME AND PRICING
HAS REVISED ITS INTERNAL FORECASTS FOR FULL YEAR 2024 TO A HIGHER LEVEL THAN PREVIOUSLY ESTIMATED
INCREASING ORDER BOOKS AND VOLUMES FOR CONSUMER BOARD, IMPROVED PRICING OUTLOOK FOR CONTAINERBOARD AND CONSUMER BOARD BUSINESSES
MARKET UNCERTAINTIES SUCH AS A CONTINUED HIGH INFLATIONARY ENVIRONMENT, STRIKES, DEMAND AND PRICE DEVELOPMENT, AND OTHER EXTERNAL DISRUPTIONS WHICH MAY IMPACT GROUP'S PROFITS, ARE STILL EXPECTED TO PERSIST TOWARDS END OF 2024
CHALLENGING MARKET CONDITIONS STILL CONTINUE IN WOOD PRODUCTS AND PACKAGING SOLUTIONS DIVISIONS
Source text for Eikon: ID:nWkr37QFfs
Further company coverage: STERV.HE
(Gdansk Newsroom)
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