Nordic forest products giant Stora Enso has issued a more positive business and profits update. The company is now estimating that EBIT guidance to be significantly higher (+50% and above) than the full year 2023 of €342m. The previous guidance for the full year 2024 was the adjusted EBIT to be higher (more than +15%, but less than +50%) than full year 2023. In the outlook comment in its Q1 2024 report, published in April, Stora Enso stated that it anticipates a gradual recovery in market conditions in 2024, with increased demand for consumer board, higher pulp demand ...
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