Forestry giants in Northern Europe, Stora Enso, UPM and SCA, haven't been affected yet by the coronavirus crisis that currently affects the global forest industry. Financial results of Stora Enso and UPM seem more affected by the recent strikes in Finland, warm winter conditions that affected harvesting conditions, while for SCA, the impact of the coronavirus seems limited at the moment. 

Stora Enso

Finnish forestry firm Stora Enso reported a fall in its underlying January-March profits, and said most of its dividend would be paid out when the company can better estimate the impact of the coronavirus outbreak to its business.