February 16, 2017
Stora Enso reported 8.6% earnings increase for its wood products division in 2016
Stora Enso's wood products divison reported 8.6% increase in earnings, reaching EUR 88 million before interest and tax for the full year 2016. Sales were stable in the Q4/2016, at EUR 395 million, as slightly lower prices were offset by increased sales from strategic investments such as the new production line for wooden building components (laminated veneer lumber, LVL) at Varkaus Mill in Finland and Murów sawmill modernisation in Poland. For whole year 2016, the sales reached EUR 1.59 billion.   ...
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