Stora Enso Oyj Financial Statement Release 2020

Q4/2020 (year-on-year)
*Sales decreased by 10.7% to EUR 2 154 (2 411) million, due to structural changes, lower prices and volumes.
*Operational EBIT was EUR 118 (124) million, lower sales were mitigated by efficient cost management.
*Operational EBIT margin increased to 5.5% (5.1%).
*Operating profit (IFRS) decreased to EUR 289 (680) million.
*EPS was EUR 0.30 (0.66) and EPS excl. fair valuations was EUR 0.09 (0.04).
*Cash flow from operations amounted to EUR 436 (725) million. Cash flow after investing activities was EUR 223 (518) million.
*The net debt to operational EBITDA ratio was 2.3 (2.0).
*Operational ROCE excluding Forest division was 4.6% (5.0%).

Year 2020 (year-on-year)
*Sales were EUR 8 553 (10 055) million, mainly due to lower volumes and prices, and structural changes.
*Operational EBIT decreased to EUR 650 (1 003) million, due to lower sales.

Outlook for 2021
Stora Enso resumes an annual outlook even though the uncertainties due to the ongoing pandemic in the global economy are expected to remain in 2021. Provided that the vaccination programmes progress as planned and the virus is contained, there are expectations of economic recovery. Until then, demand for our products remains mixed.
details at: https://www.storaenso.com/en/newsroom/regulatory-and-investor-releases/2021/1/stora-enso-oyj-financial-statement-release-2020

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