Stora Enso: "Soft" Q4 weighs on shares

Nordicus Partners

29/01/2021 08:19

** Shares in Finnish forestry firm Stora Enso  STERV.HE 
slide 4.5% after Q4 report  urn:newsml:reuters.com:*:nL1N2K40EW
    ** The company reported Q4 operational EBIT at EUR 118
million ($142.83 million), below EUR 140.6 million seen in a
Refinitiv analysts poll
    ** Inderes and Credit Suisse both say that Q4 performance is
soft
    ** Inderes says that the biggest disappointment was loss in
Biomaterials due to low euro pricing, lower volumes
    ** "In our view 2021 outlook could live up only to minimal
expectations," it adds 
    ** Citi says that small miss on operational EBIT driven by
biomaterials division offset the strong performance in packaging
materials and wood products
    ** Shares in Nordic peers BillerudKorsnas  BILL.ST  are down
3%, SCA  SCAb.ST  down 0.3% after Q4 results



($1 = 0.8262 euros)

 ((jagoda.darlak@tr.com))