Stora Enso’s wood products division sees 34% Q1 earnings growth2 May 2017
Stora Enso’s wood products division has recorded a 34% improvement in Q1 operational earnings before interest, tax, depreciation and amortisation (EBITDA) compared to a year ago.
Divisional sales were up 8.9% to €416m (Q1 2016: €382m), while deliveries grew 11.6% to 1.21 million m3.
Stora Enso said operational earnings were better due to higher volumes and slightly higher sales prices, especially for spruce sawn products.
The sales boost was also due to strategic investments in the Varkaus LVL line, the modernisation of Murów sawmill and increased cross-laminated timber volumes and prices.
The company is to invest in a biocomposite granules manufacturing line with an annual production capacity of 15,000 tonnes at its Hylte mill in Sweden.