Stora Enso’s sawmill division posts 26% fall H1/2023

Stora Enso achieved sales of almost EUR 5.1 billion in the first half of the year, 13% less than in the first half of 2022. The operating result (EBIT) of the entire group was EUR 271 million, 73% lower than in the same period of the previous year. The net result is given as EUR -72 million. In the first half of 2022, a result of EUR +586 million was posted. The “Wood Products” (solid wood) division reports a 26% drop in sales for the first six months. The operating result of this division is given ...