According to Zacks, “Stora Enso is an integrated forest products company producing magazine papers, newsprint, fine papers and packaging boards, areas in which the Group is a global market leader. Stora Enso also conducts extensive sawmilling operations. To strengthen its market position and better serve customers in the United States, the company acquired the U.S.-based, Consolidated Papers, Inc. in 2000. “
Separately, ValuEngine cut Stora Enso Oyj from a sell rating to a strong sell rating in a report on Monday, April 1st.
Stora Enso Oyj (OTCMKTS:SEOAY) last posted its earnings results on Friday, February 1st. The basic materials company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.01. Stora Enso Oyj had a return on equity of 15.12% and a net margin of 8.69%. The business had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $2.92 billion. As a group, equities research analysts predict that Stora Enso Oyj will post 1.29 earnings per share for the current fiscal year.
About Stora Enso Oyj
Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries worldwide. The company operates through five divisions: Consumer Board, Packaging Solutions, Biomaterials, Wood Products, and Paper. The Consumer Board division develops virgin fiber carton board used for packaging for liquid, food, pharmaceutical, and luxury goods.
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