Stora Enso Oyj Reports Earnings Results for the Fourth Quarter and Full Year 2017; Provides Earnings Guidance for the First Quarter of 2018
For the year, the company reported sales of EUR 10,045 million compared to EUR 9,802 million a year ago. Operational EBITDA was EUR 1,587 million compared to EUR 1,463 million a year ago. Operating profit was EUR 904 million compared to EUR 783 million a year ago. Profit before tax was EUR 742 million compared to EUR 541 million a year ago. Net profit was EUR 614 million compared to EUR 407 million a year ago. Basic earnings per share were EUR 0.79 compared to EUR 0.59 a year ago. Operational ROCE was 11.9% compared to 10.2% a year ago. Operational EBIT was EUR 1,004 million compared to EUR 884 million a year ago.
For the first quarter of 2018, the company's sales estimated to be similar to or slightly higher than the amount of EUR 2,511 million recorded in the fourth quarter of 2017, and operational EBIT is expected to be somewhat higher than the EUR 280 million recorded in fourth quarter of 2017.