Stora Enso raises its guidance for the full year 2024 adjusted EBIT (Inside information)
In the outlook comment in its Q1 2024 report, published on 25 April, Stora Enso stated that it anticipates a gradual recovery in market conditions in 2024, with increased demand for consumer board, higher pulp demand and prices. These market trends are continuing with improved volume and pricing. The Group's profit improvement actions are becoming visible in the result development. Consequently,
The outlook has improved due to increasing orderbooks and volumes for consumer board, as well as improved pricing outlook for the container board and consumer board businesses. Pulp prices continue to increase, and the outlook for the rest of this year is stronger than previously estimated. Challenging market conditions still continue in the Wood Products and Packaging Solutions divisions.
Market uncertainties such as a continued high inflationary environment, strikes, demand and price development, and other external disruptions which may impact the Group's profits, are still expected to persist towards the end of 2024.
Part of the global bioeconomy,
For further information, please contact:
Carl Norell
tel. +46 72 241 0349
Investor enquiries:
Anna-Lena Åström
SVP Investor Relations
tel. +46 70 210 7691
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