Companies in the timber industry / Daily News / Global Trends / Forestry / Lumber / Pulp & Paper / Sawmilling / Wood Products / Europe / Global
October 31, 2019
Finland: Forestry giants Stora Enso and UPM report declining profits in Q3/2019
Finland's forestry giants, Stora Enso and UPM, have reported declining profits and smaller production output for the third quarter (Q3) of 2019. On Tuesday, Stora Enso reported that its profit in July-September was down by a third to 231 million euros (256.6 million U.S. dollars) from 353 million euros a year ago. It said the decline is expected to continue into the fourth quarter. Stora Enso reported that both the sales volumes and the prices of its products had declined. It said it had cut costs in advance to match the sales ...
Register for unlimited access
We work hard to bring you the latest news in the world of international wood industry. The article you are currently reading is available only to registered users.
By registering you gain access to:
- Thousands of quality articles
- In-depth analyses of market trends
- Exclusive market price insights
- And much more!