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STERV — Stora Enso Oyj News Story

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Stora Enso shares rise on Q1 adjusted EBIT beat

** Shares in Finnish forestry firm Stora Enso STERV.HE are up about 4% after it posted a Q1 print that was a beat on the profit line

** Its Q1 adjusted EBIT came to EUR 159 million ($186.78 million) vs. the EUR 128.5 million estimated in Vara Research consensus

** "Despite a slight overshoot, the result was practically completely in line with our forecasts, but clearly exceeded the consensus expectation that had decreased before the report," Inderes said in a note

** The broker added the subdued outlook dampens the Q1 consensus beat

($1 = 0.8513 euros)

 (Reporting by Elviira Luoma)

 ((Elviira.luoma@thomsonreuters.com))

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