Friday, July 19, 2013

Stora Enso Reports Q2 Results

http://www.storaenso.com/
Q2/2013 (compared with Q2/2012)
Operational EBIT EUR 124 (EUR 144) million. Improvement in Building and Living and in Renewable Packaging. Printing and Reading loss-making due to weak paper market. Solid cash flow from operations at EUR 344 (EUR 246) million due to reduction in working capital, especially in paper business. Cash flow after investing activities EUR 227 (EUR 74) million.
Q2/2013 (compared with Q1/2013)
Operational EBIT EUR 124 (EUR 118) million. Ratio of net debt to the last twelve months' operational EBITDA 2.7 (2.7). Cash flow from operations EUR 344 (EUR 101) million. Strong liquidity at EUR 1.8 (EUR 1.7) billion.
Q1-Q2/2013 (compared with Q1-Q2/2012)
Operational EBIT at EUR 242 (EUR 294) million. Solid cash flow from operations at EUR 445 (EUR 469) million.