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Oct 24 2024, 07:23 IST/BST
Stora Enso’s €175m Q3 2024 operating EBIT is a 10% miss on €194.4m Vara consensus, principally due to weaker-than-expected pulp demand/prices, but it was somewhat expected post peer UPM’s October 16th warning. Stora is flagging weak packaging and pulp outlook and we expect c.5% downgrades to Vara 2024E €686.3m operational EBIT consensus. We expect pulp and packaging demand and pricing focus at the 09:30 (10:30 CET) results webcast.
Oct 24 2024, 07:23 IST/BST