Stora Enso Forest

Results Q2/2023

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Accelerating restructuring in challenging markets

President and CEO comments on Q2 results

Key figures Q2 2023

OPERATIONAL EBIT MARGIN OPERATIONAL ROCE excl. the Forest division (LTM) NET DEBT TO OPERATIONAL EBITDA
1.6% 10.7% 1.7
(Target >13%), LTM = Last 12 months (Target <2.0)

Q2/2023 compared with Q2/2022

Result highlight

  • Sales decreased by 22% to EUR 2,374 million

  • Operational EBIT decreased by 93% to EUR 37 million

  • EPS was EUR -0.29

  • Cash flow from operations EUR 146 million

  • Operational ROCE excl. Forest 10.7%

Operational ROCE excl. the Forest division (LTM)

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