Stora Enso Oyj Interim Report January–September 2019
October 30, 2019Deteriorating trading conditions caused by geopolitical
uncertainties related to trade wars and a possible hard Brexit are expected to
impact Stora Enso negatively. Demand growth is forecast to slow for Stora
Enso’s businesses in general, and the decline in demand for European paper will
continue. Due to the profit protection programme, costs are forecast to remain
roughly at the same level in 2019 as in 2018. Stora Enso is still implementing
additional profit protection measures to mitigate negative financial impacts of
the current situation.
Guidance
for Q4/2019
Q4/2019 operational EBIT is expected to be in the range of EUR 100–180 million.
During the fourth quarter, there will be annual maintenance shutdown at the
Fors, Ingerois, Skoghall, Varkaus, Montes del Plata and Skutskär mills. The
total maintenance impact is estimated to be at the same level as in Q4/2018 and
in Q3/2019.
