Stora Enso reports impairments of 724 mn euros
Helsinki (AFP) Dec 18, 2024
Finnish-Swedish forestry group Stora Enso said Wednesday it will record impairments totalling some 724 million euros ($760 million) in its fourth quarter, citing weaker demand and increased costs. The company said the impairments were mainly a result of it predicting a weaker cash flow in the long-term from its packaging divisions in China and western Europe and its wood products division i
Finnish-Swedish forestry group Stora Enso said Wednesday it will record impairments totalling some 724 million euros ($760 million) in its fourth quarter, citing weaker demand and increased costs. The company said the impairments were mainly a result of it predicting a weaker cash flow in the long-term from its packaging divisions in China and western Europe and its wood products division i