Companies in the timber industry / Daily News / Global Trends / Lumber / Sawmilling / Wood construction / Wood flooring / Wood Products / Europe / Global
July 21, 2020
Stora Enso reports sharp drop in Q2 Wood Products’ division sales
Stora Enso's Wood Products division sales decreased by 16% in the second quarter yoy, or by EUR 65 million down to EUR 347 million. This was mainly due to lower deliveries negatively impacted by the Covid-19 pandemic and lower classic sawn prices. The structural changes at the Pfarrkirchen sawmill in Germany, and at the Uimaharju and Kitee sawmills in Finland reduced sales by EUR 36 million. Operational EBIT decreased by EUR 9 million to EUR 26 million. Lower sales prices were only partly offset by lower wood costs and fixed costs, supported ...
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