Stora Enso expects weak demand to persist into 2024

Stora Enso faces a continued subdued market outlook for the rest of 2023 and going into 2024, as weak global growth and high inflation weigh on its performance. The company expects no market improvement in the fourth quarter, following a challenging third quarter, when low demand and prices affected most of its segments. All variable costs are however declining from their peak levels, except for wood, which remains high despite a slight decrease. The current macroeconomic and market conditions pose significant challenges for Stora Enso, especially in its Packaging Materials and Wood Products divisions. These segments suffer from low ...