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Companies in the timber industry / Daily News / Industry Events / Forestry / Pulp & Paper / Sawmilling / Wood Products / Europe / Global
November 7, 2018

Stora-Enso plans investments of EUR 550-600 million in 2019

Stora-Enso plans investments of EUR 550-600 million in 2019
In the run-up to tomorrow's Capital Markets Day, CEO of Finnish Stora Enso Karl-Henrik Sundström announced that the Group's investment volume for 2019 would be at the level of its forecast annual depreciation.. In 2019, the estimated capital expenditure will be EUR 550–600 million, including EUR 100 million for biological assets.     The forecasted annual depreciation is EUR 490–510 million and operational decrease in the value of biological assets EUR 50–70 million. Capital expenditure amounts do not include potential acquisitions or divestments and are excluding the impact of IFRS ...

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