Stora Enso Oyj (OSTO:STE R)
kr 113.4 0.9 (0.8%) Market Cap: 89.43 Bil Enterprise Value: 131.84 Bil PE Ratio: 0 PB Ratio: 0.72 GF Score: 76/100
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Q1 2024 Stora Enso Oyj Earnings Call Transcript

Apr 25, 2024 / 08:00AM GMT
Release Date Price: kr148.5 (+2.41%)
Hans Sohlstrom
Stora Enso Oyj - President & CEO

Good morning, everyone, and welcome to Stora Enso's First Quarter 2024 Results Presentation. Thank you for joining us today. I am Hans Sohlstrom, the President and CEO of Stora Enso. I'm here with CFO, Seppo Parvi, to take you through our performance and outlook before we take your questions.

Let's start the presentation by looking at this image of the newly opened World of Volvo Experience Center in Gothenburg, Sweden. It's a prime example showcasing the possibilities of wooden construction where the latest mass timber techniques and materials from Stora Enso was used. For every ton of wood we use in buildings, we tie up 1 ton of carbon and avoid at least another ton of carbon dioxide emissions from alternative construction materials.

But let's now shift our focus to the key highlights of the quarter. Before we dive into the details, let's start by reviewing some of the most important highlights for the quarter. Despite a weaker year-on-year performance compared to the relatively strong Q1 of last year, we achieved a sequential

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