Stora Enso hits bottom of STOXX on adjusted EBIT miss

Stora Enso Oyj

23/07/2026 08:11

** Shares in Stora Enso STERV.HE fall 6.4% to the bottom of the STOXX 600 .STOXX index after the Finnish forestry group reported Q2 core earnings below market hopes
** Its quarterly adjusted EBIT came in at €160 million ($182.82 million), missing the estimate of €173.7 million by Vara-polled analysts
** Jefferies sees the miss as negative and notes the "disappointment following optimism post peers" Billerud BILL.ST and SCA SCAb.ST
** Stora also flagged an increase of about €40-150 million in its planned maintenance cost in Q3 compared to Q2
** Jefferies  expects Stora's Q3 EBIT to be stable or lower quarter on quarter and sees potential cuts to EBIT consensus of 6-13%
** Stora's peer UPM-Kymmene UPM.HE opened 2.6% lower after reporting largely in-line Q2 earnings
     
     
     
($1 = 0.8752 euros)

(Reporting by Vera Dvorakova)
((vera.dvorakova@thomsonreuters.com))