Stora Enso Oyj (OTCPK:SEOAY)
$ 10.41 0.1 (0.97%) Market Cap: 8.13 Bil Enterprise Value: 11.90 Bil PE Ratio: 0 PB Ratio: 0.70 GF Score: 70/100
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Q3 2020 Stora Enso Oyj Earnings Call Transcript

Oct 20, 2020 / 12:00PM GMT
Release Date Price: $16.1 (-2.69%)
Ulla Paajanen;Sainio
Stora Enso Oyj - Senior VP & Head of IR

Hello. This is Ulla Paajanen from Stora Enso. You have now joined Stora Enso Q3 Earnings Conference Call. I have here today with me our CEO, Annica Bresky; and our CFO, Seppo Parvi. So Annica will start now. Annica, please go ahead.

Annica Bresky
Stora Enso Oyj - President & CEO

Thank you, Ulla, and welcome to our Q3 report. We delivered a solid quarter under very challenging business environment. If you could just change slide, please.

Our focus remains on cash flow and profit protection, and I think that is the important thing to keep focus on during these uncertain times. We see a strong performance from Packaging Materials, Wood Products and Forest division. If I give you just an overview now of our group results, compared to last year, our sales decreased by 13%. But if we exclude Paper, we see a 6% decline in sales. Our operational EBIT decreased to EUR 175 million. Excluding Paper, our operational EBIT remained roughly at the same level as a year ago.

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