Stora Enso Oyj Third Quarter 2024 Earnings: Misses Expectations

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).

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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