Troubled waters left behind; the horizon is a little brighter
In our view, the Q1 report landed on the positive side thanks to the earnings beat and cautiously positive market commentary. We revised our forecasts slightly upwards after the report, although some of the changes were technical.
Stora Enso
12.7
11.5
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Stora Enso is a global forest industry group. The business segments include the production and development of newsprint and book paper, consumer boxes, industrial packaging and other wood products. The group is active on a global level with the largest presence in Europe and North America. The company was founded in 1998 at the merger of Finska Enso and Swedish Stora Kopparbergs Bergslags Aktiebolag. The head office is located in Helsinki.
Read more on company pageKey Estimate Figures25.04
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 9,396.0 | 9,115.8 | 10,231.9 |
growth-% | -19.55 % | -2.98 % | 12.24 % |
EBIT (adj.) | 342.0 | 749.0 | 1,077.7 |
EBIT-% (adj.) | 3.64 % | 8.22 % | 10.53 % |
EPS (adj.) | 0.22 | 0.58 | 0.92 |
Dividend | 0.30 | 0.35 | 0.40 |
Dividend % | 2.40 % | 3.75 % | 4.28 % |
P/E (adj.) | 56.70 | 16.10 | 10.19 |
EV/EBITDA | 13.45 | 8.53 | 6.29 |