Broad-Based Weakness in Stora’s Q4 Results; Shares Overvalued
Stora Enso reported disappointing fourth-quarter results across the board, except for the paper business; this is ironic, as the structurally declining paper business is typically the weakest link. Operational EBIT fell 21% compared with the prior-year period as a result of falling hardwood pulp prices, higher-than-expected ramp-up costs at the Beihai mill, and a power generator failure at the Enocell mill. Despite the significant quarterly decline, operational EBIT for the full year missed our ...Stora Enso is a provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. Co.'s reporting segments are: Consumer Board, which develops and provides consumer packaging boards for printing and packaging applications; Packaging Solutions, which develops fibre-based packaging; Biomaterials, which provides a variety of pulp grades for paper, board, tissue, textile and hygiene product producers; Wood Products, which provides wood-based solutions for building and housing; Paper, which provides paper solutions for print media and office use; as well as Other, which includes Co.'s shareholding in the energy company, Pohjolan Voima.
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