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October 31, 2022

Europe’s Nordic forestry giants deliver great Q3 results, lumber markets weaken

Forestry giants in Northern Europe, Stora Enso, UPM and Metsä Group have benefited from the rising prices on their financial results for Q3/2022, however the outlook remains cautious.   Excellent result from Stora Enso  Stora Enso's third quarter was strong. In July-September, the company's net sales grew by 15 percent to nearly 3 billion euros, operating profit by 29 percent to 527 million euros, and earnings per share to 0.47 euros for the quarter.  "This was the best third-quarter net sales since 2007. Operating profit increased to 527 million ...

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