Stora Enso: Wood market remains unstable

Uncertainty continues to characterize the global economy, making it difficult to predict cyclical reversals. In Stora Enso’s second-quarter results, net sales increased year-on-year, but results remained subdued due to challenges in several end-product markets. The market remains volatile, and the consumption outlook is weak. Continuous cost increases are weighing on profitability. According to Tuomas Tiilikainen, Director of Stora Enso’s Private Forests Wood Trade, the downturn in global trade is also reflected in the Finnish wood market. During the summer, market prices began to decline, and peak prices have clearly come down. However, the ...