HELSINKI, Finland, Oct. 12, 2015 (GLOBE NEWSWIRE) -- On 21 July 2015, Stora Enso guided that its third quarter sales were estimated to be similar to the amount of the EUR 2 562 million recorded in the second quarter of 2015. Moreover, based on the same guidance, operational EBIT would be in line with the EUR 207 million recorded in the second quarter of 2015.
The third quarter 2015 actual sales at approximately EUR 2 500 million were in line with guidance. However, operational EBIT at approximately EUR 246 million was higher than guidance in the second quarter of 2015. This was mainly due to better than expected performance in the Biomaterials division driven by depreciation of the Brazilian Real and better operational performance at the Nordic and Montes del Plata pulp mills.
Stora Enso will announce its third quarter 2015 results on Friday 23 October 2015.
For further information, please contact:
Seppo Parvi, CFO, tel. +358 2046 21205
Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 2046 21242
Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wood and paper on global markets. Our aim is to replace non-renewable materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 27 000 people in more than 35 countries, and our sales in 2014 were EUR 10.2 billion. Stora Enso shares are listed on NASDAQ OMX Helsinki (STEAV, STERV) and Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) on the International OTCQX over-the-counter market.www.storaenso.com
STORA ENSO OYJ
Source:Stora Enso Oyj