Tuesday, April 24, 2012

Stora Enso Reports Q1 Results

Stora Enso profit falls on pricing pressure:
Finnish paper company Stora Enso reported a 43% fall in quarterly core operating profit due to pricing pressure and weaker demand for its graphic paper.
Europe's largest papermaker reported a core operating profit of 147 million euros ($193 million), down from last year's 258 million but above the market's average forecast of 139 million.