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July 25, 2022

Europe’s Nordic forestry giants deliver great results despite tough environment

Forestry giants in Northern Europe, Stora Enso, UPM and SCA, have benefited from the rising prices on their financial results for H1/2022, resulting in a significant rise in both sales and profits.  Excellent result from Stora Enso  Stora Enso has increased both its turnover and profit. In the second quarter, there was an increase of 18 percent in turnover (to 3,054 million euros) and 39 percent in operational profit (to 505 million euros).  Cash flow from operations has been positive in the second quarter.  The net sales for the first ...

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