Stora Enso Oyj Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

October 25, 2024

Stora Enso Oyj (HEL:STERV) Third Quarter 2024 Results

Key Financial Results

Revenue: €2.32b (up 8.9% from 3Q 2023).
Net income: €88.0m (up from €33.0m loss in 3Q 2023).
Profit margin: 3.8% (up from net loss in 3Q 2023).
EPS: €0.11 (up from €0.042 loss in 3Q 2023).

earnings-and-revenue-growth — HLSE:STERV Earnings and Revenue Growth October 25th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Stora Enso Oyj Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Forestry industry in Europe.

Performance of the market in Finland.

The company's shares are down 3.4% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Stora Enso Oyj's balance sheet and an in-depth analysis of the company's financial position.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.