Stora Enso comes under criticism in Sweden due to payment delays

Forestry giant Stora Enso has come under criticism in Sweden for payment delays. The Swedish financial newspaper Dagens Industri wrote on Monday that the company has beautified its cash flow in the last quarter of the year by moving the bill of payments a week from September to October. According to the information obtained by the newspaper, the postponement had to be explained by internal problems, if a supplier of goods or services asked for their money. Stora Enso confirms in its press release that it was decided to postpone payments in order to optimize cash flow ...