Stora Enso revises earnings forecast upwards22 June 2022
Stora Enso has revised its 2022 earnings forecast, saying it now expects full year 2022 operational EBIT guidance will be exceeded.
The company says full year 2022 operational EBIT guidance will be higher than the full-year 2021 of €1.528bn. The previous guidance for the full year 2022 was an operational EBIT to be approximately in line with the full year 2021.
“During 2022, all the main markets of Stora Enso have experienced continued strong performance, with increased visibility and predictability for the full year,” it said.
The strong underlying demand and commercial momentum has continued across all six divisions and geographies. All divisions remain fully booked and there is still a tight supply and demand balance in many product categories.
The second quarter started with high selling prices, which have continued to mitigate inflationary pressures.
Stora Enso will publish its Half-year Report for January–June 2022 on Friday 22 July 2022.