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Companies in the timber industry / Daily News / Global Trends / Market Analysis / Forestry / Lumber / Price analysis and info / Pulp & Paper / Sawmilling / Statistics / Wood construction / Wood Products / Wood-based panels / Europe / Global
July 25, 2022

Europe’s Nordic forestry giants deliver great results despite tough environment

Europe’s Nordic forestry giants deliver great results despite tough environment
Forestry giants in Northern Europe, Stora Enso, UPM and SCA, have benefited from the rising prices on their financial results for H1/2022, resulting in a significant rise in both sales and profits.    Excellent result from Stora Enso    Stora Enso has increased both its turnover and profit. In the second quarter, there was an increase of 18 percent in turnover (to 3,054 million euros) and 39 percent in operational profit (to 505 million euros).    Cash flow from operations has been positive in the second quarter.   ...

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