Stora Enso Oyj

STEAV

Equity

ISIN FI0009005953 / Valor 8690

NASDAQ Helsinki Ltd, Equities (2024-12-23)

EUR 9.36+0.43%

Stora Enso Oyj
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About company

Stora Enso Oyj is a global company operating in the bioeconomy sector, specializing in renewable products such as packaging, biomaterials, and wooden construction. With a workforce of approximately 20,000 employees and sales reaching EUR 9.4 billion in 2023, Stora Enso is one of the largest private forest owners globally. The company is dedicated to developing and producing solutions based on wood and biomass for various industries, emphasizing sustainability and eco-friendly practices. Stora Enso aims to lead in the bioeconomy by leveraging its expertise in forestry and renewable materials to meet the growing demand for environmentally friendly products.

Summarized from source with an LLMView SourceSector: Non-Energy Materials

Revenue Growth

Stora Enso Oyj reported a significant increase in revenue for the second quarter of 2024. The company's revenue grew by 12% compared to the same period last year, driven by strong performance in its renewable packaging and biomaterials segments.

Net Income

In Q2 2024, Stora Enso Oyj's net income saw a substantial rise, reaching EUR 250 million. This marks a 20% increase from the previous quarter, reflecting the company's effective cost management and operational efficiencies.

Earnings Per Share

Stora Enso Oyj's earnings per share (EPS) for the second quarter of 2024 stood at EUR 0.31, up from EUR 0.26 in Q1 2024. This improvement in EPS is attributed to higher net income and a reduction in outstanding shares due to the company's share buyback program.

Dividend Announcement

For Q2 2024, Stora Enso Oyj declared a dividend of EUR 0.15 per share, maintaining its commitment to returning value to shareholders. The dividend will be payable on August 15, 2024, to shareholders of record as of August 1, 2024.

Future Outlook

Stora Enso Oyj has provided an optimistic outlook for the remainder of 2024, expecting continued growth in its key markets. The company anticipates a full-year adjusted EBIT to be significantly higher than the previous year, driven by ongoing investments in sustainable products and innovation.

Summarized from source with an LLMView Source

Key figures

-26.6%1Y

-43.1%3Y

-30.9%5Y

Performance

31.2%1Y

39.0%3Y

37.0%5Y

Volatility