Stora Enso Oyj (FRA:ENUA)
€ 9.58 -0.1 (-1.03%) Market Cap: 7.55 Bil Enterprise Value: 11.23 Bil PE Ratio: 0 PB Ratio: 0.72 GF Score: 68/100
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Q3 2024 Stora Enso Oyj Earnings Call Transcript

Oct 24, 2024 / 08:30AM GMT
Release Date Price: €10.6 (-2.30%)
Hans SohlstrÃ;m
Stora Enso - President & CEO

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Hello, everyone and welcome to Stora Enso's third quarter, 2024 results presentation. Thank you for joining us today. I'm Hans Sohlström, the President and CEO of Stora Enso and I'm here with our CFO Seppo Parvi.

Today's preservation is titled Continued Growth and Earnings Improvement.

We will guide you through our performance and share insights into our outlook for the fourth quarter. We will also address any questions you might have to attend.

So now let's shift focus to the key highlights of the quarter.

We achieved a continued profit improvement compared to the same period last year, primarily driven by price increases and ongoing cost saving actions. And we are encouraged to report an increase in our adjusted ebit for the fourth consecutive quarter. Notably, our packaging materials, biomaterials and forest segments have performed well contributing positively to our result. However, we recognize the challenges faced by our packaging solution and good product segments and are focusing on

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