The Digest’s “Stocks Worth Tracking” Multi-Slide Guide Series highlights hot companies that are making strides in the bioeconomy. Today’s “Stock Worth Tracking” is Stora Enso. Stora Enso celebrated some positive Q1 2019 financials including sales that went up, operational EBIT that went down, and overall profit protection program that helped them out so far this year.
Karl-Henrik Sundstrom, CEO and Seppo Parvi, CFO, both of Stora Enso, gave this illuminating overview of the main events in Q1 that helped the business out like the fiber 5 MEUR investment in Hylte Mill in Sweden, a new CLT unit investment at the Gruvon sawmill, and the Bergvik Skog ownership restructuring. They also talked about their sales and financials in consumer board, packaging solutions, biomaterials, wood products, paper, their outlook for Q2, and more.