Finland's Stora Enso Q2 adjusted EBIT rises on oulu ramp-up

Stora Enso Oyj

23/07/2026 06:40

    

    Overview
  
Finland renewable packaging firm's Q2 sales were stable year-on-year at EUR 2.4 bln
Adjusted EBIT rose 27% yr/yr, supported by ramp-up of new Oulu consumer board line
Company posted net loss due to impairments, restructuring and fair value adjustments

    

    Outlook
  
Stora Enso expects Q3 maintenance costs to rise by EUR 40-50 mln versus Q2
Company projects 2026 emission rights income to fall to EUR 10-20 mln from EUR 72 mln in 2025
Stora Enso says market conditions remain uncertain due to geopolitical tensions and trade volatility

    

    Result Drivers
  
OULU RAMP-UP - Adjusted EBIT growth was mainly driven by the ramp-up of the new consumer board line at the Oulu site, which improved operational performance
MARKET CONDITIONS - Stable sales reflected positive effects from structural changes, offset by lower prices and adverse currency movements
COST PRESSURES - Energy, logistics and wood costs remained high, though wood costs have moderated from previous years; company managed impacts through procurement and operational measures

    
Company press release: ID:nWkr2vQfLv

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Sales
 
EUR 2.42 bln
 
Q2 Net Loss
 
EUR 11 mln
 
Q2 Operational EBITDA
 
EUR 320 mln
 
Q2 Operational EBIT
 
EUR 160 mln
 
Q2 Pretax Loss
 
EUR 26 mln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the non-paper containers & packaging peer group is "hold."
Wall Street's median 12-month price target for Stora Enso Oyj is €11.50, about 14.7% above its July 22 closing price of €10.03
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago

    

    Reuters Recommended Reads
  
July 22 - Sweden's SCA Q2 sales hit by lower prices but beat estimates
July 22 - Packaging Corp Q2 adjusted EPS falls less than expected, helped by strong demand
July 20 - Benchmark EU carbon price rises 5% on trading system reform

    
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)