Stora Enso Forest

Results Q1/2023

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Due to the worsened market outlook actions are taken to protect margins and manage costs

President and CEO comments on Q1 results

Key figures Q1 2023

OPERATIONAL EBIT MARGIN OPERATIONAL ROCE excl. the Forest division (LTM) NET DEBT TO OPERATIONAL EBITDA
8.6% 16.5% 1.3
(Target >13%), LTM = Last 12 months (Target <2.0)

Q1/2023 compared with Q1/2022

Result highlight

  • Sales decreased by 3% to EUR 2,721 million

  • Operational EBIT decreased by 53% to EUR 234 million

  • EPS was EUR 0.24

  • Cash flow from operations EUR 254 million

  • Operational ROCE excl. the Forest division (LTM) 16.5%

LTM = Last 12 months

Operational ROCE excl. the Forest division (LTM)

ROCE graph

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