Finland's Stora Enso Q3 sales fall 2% on divestments

By Reuters News


Overview

  • Finland packaging and renewable materials firm's Q3 sales fell 2% yr/yr due to divestments

  • Adjusted EBIT rose 28% yr/yr, driven by higher board volumes and lower variable costs

  • Company to separate Swedish forest assets business and announced further restructuring actions


Outlook

  • Stora Enso sees market conditions as mixed and uncertain for Q4/2026

  • Company expects higher variable costs in Q4/2026 due to geopolitical tensions and rising wood costs

  • Consumer Packaging to face higher maintenance costs and lower volumes in Q4/2026


Result Drivers

  • BOARD DELIVERIES AND PRICES - Organic sales growth was supported by higher board deliveries and improved containerboard prices

  • LOWER VARIABLE COSTS - Adjusted EBIT rose due to lower variable costs, according to the company

  • OULU LINE RAMP-UP - Ramp-up of the new consumer board line at Oulu contributed to improved adjusted EBIT


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

EUR 2.24 bln

Q3 Net Income

EUR 25 mln

Q3 Operational EBITDA

EUR 320 mln

Q3 Operational EBIT

EUR 161 mln

Q3 Pretax Profit

EUR 17 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the non-paper containers & packaging peer group is "buy"

  • Wall Street's median 12-month price target for Stora Enso Oyj is €11.70, about 20% above its October 29 closing price of €9.75

  • The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago


Reuters Recommended Reads

  • Oct 29 - Metsä Board Q3 returns to profit on higher prices, tariff refunds

  • Oct 28 - Smurfit Westrock Q3 net income falls on cost inflation

  • Oct 29 - Italy's Prysmian nine-month revenue rises, lifts 2026 outlook


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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