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Stora Enso Oyj (STERV.HE)

STERV.HE on Helsinki Stock Exchange

16.73EUR
7:07pm IST
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€0.35 (+2.14%)
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€16.38
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Fri, Jul 20 2018

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Hot Nordic weather hits Stora Enso's profit, shares fall

HELSINKI Finnish pulp, paper and packaging board maker Stora Enso missed quarterly profit expectations on Friday, partly blaming wood supply problems stemming from the exceptionally hot and dry weather in the Nordics.

UPDATE 2-Hot Nordic weather hits Stora Enso's profit, shares fall

* Shares fall 10 pct, but remain 24 pct up on year ago (Adds comments, background)

Finland's Solidium sells shares in Stora Enso

HELSINKI, June 12 The Finnish government's investment arm, Solidium, said on Tuesday it had sold a small stake in pulp and paper maker Stora Enso to raise funds for new investments.

UPDATE 1-Paper maker Stora Enso beats profit forecasts on price hikes, cost control

* Paper demand falls in Europe but biggest producers still profit

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