Stora Enso stabilising

Sales were posted at EUR3.02bn, slightly down on the previous quarter’s sales figures of EUR3.03bn, while the cash flow from operations was EUR173.2m, down from EUR 579.7m. and cash flow after investing activities EUR -54.2 (EUR 190.5) million.

According to Jukka Härmälä, Stora Enso CEO, paper demand in North is improving gradually. Despite the low value of the dollar, imports from Europe and Asia continue, though at a slower rate than earlier. The coated fine paper market is expected to improve slowly and price increases have been announced. The magazine paper market is improving and price increases are expected to be implemented during the second quarter.

Asian economies are growing rapidly and sustaining good levels of paper and packaging consumption. Prices for some grades are increasing in local currencies.

Härmälä expects the Group’s results will become more positive in the latter part of the year, provided that market conditions continue to improve.

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