Stora Enso Q2/2021 – Strong Performance and Solid Growth Continue

• Sales increased by 22.6% to EUR 2 592 (2 114) million, due to higher deliveries and prices. Sales excluding Paper increased by 28.4%.
• Operational EBIT increased to EUR 364 (178) million, due to higher prices and volumes, especially in Biomaterials, Wood Products, and Packaging Materials. Operational EBIT excluding Paper increased to EUR 413 (216) million.
• Operational EBIT margin increased to 14.0% (8.4%). Excluding Paper, the operational EBIT margin was 19.1% (12.9%
• The value of forest assets, including leased land and Stora Enso’s share of Tornator, increased to EUR 7.4 (5.4) billion. The forest valuation method was changed in Q4/2020 to market based valuation in Sweden.
• Strong cash flow from operations amounted to EUR 463 (363) million. Cash flow after investing activities was EUR 339 (239) million.
• Net debt decreased by EUR 314 million to EUR 2 975 (3 289) million.
https://www.storaenso.com/en/newsroom/regulatory-and-investor-releases/2021/7/stora-enso-oyj-half-year-report-january-june-2021?prid=a3761d2096facac3

Related Posts

Paper Excellence partners with Take a Hike for Giving Tuesday

Paper Excellence is pleased to announce that we will be matching donations up to $50,000 this Giving Tuesday. We are proud to support vulnerable youths and help them forge a bright future. The Take a Hike foundation collaborates with public school districts to engage vulnerable youths in a mental health and emotional well-being program. Their mission is to empower these vulnerable youth with the skills and resilience they need to graduate high school, build healthy relationships and achieve success. They provide a safe and caring community by engaging youth in clinical counselling, and regular outdoor adventures.

Klabin’s Monte Alegre Unit begins Maintenance Shutdown on May 14

Between May 14 and 24, Klabin’s Monte Alegre Unit in Telêmaco Borba will perform its annual Maintenance Shutdown. More than 4,000 services will be executed over 11 days on the equipment at the unit to ensure the safety and continuity of the operation. The Maintenance Shutdown is compulsory for companies that have machinery such as boilers and digesters. Completing the tasks on schedule requires a large number of workers, many of whom work exclusively in pulp and paper mill shutdowns. Click Read More below for additional information.

Clearwater Paper Reports Second Quarter 2020 Results

For the second quarter of 2020, Clearwater Paper reported net sales of $480 million, a 6% increase compared to net sales of $452 million for the second quarter of 2019. Net income for the second quarter of 2020 was $23 million compared to net loss for the second quarter of 2019 of $0.4 million. For the first six months of 2020, Clearwater Paper reported net sales of $958 million, a 9% increase compared to net sales of $881 million for the first six months of 2019. Net income for the first six months of 2020 was $33 million compared to net income for the first six months of 2019 of $3 million.
Back To Top
×Close search
Search