Forest group Stora Enso reported a profit of 80.6 million euros for the fourth quarter. During the same period in 2008 was there a loss of 846 million euros.
Analysts had very wrong about the outlook from Stora Enso. Stora Enso reports a profit before tax of 123 million euros (28) for the fourth quarter of 2009. An analyst poll was expected that this figure would stop at 70 million. It would appear that as the largest newsprint producers will not see the image too bright for Stora Enso. Falling newsprint prices and raw material prices starting to move up is not particularly funny and tools like Ipad beginning to appear not directly improve the situation.
Interesting is that 15% of its turnover comes from the pellet thus it is quite important that these activities are going well. Pellets are made of by-products from sawmills. Production takes place in an integrated, all-new Stora Enso plants. In order to minimize unnecessary transport.