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Stora Enso (SEOAY)
OTHER OTC:SEOAY
Holding SEOAY?
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.1Last Year’s EPS
-0.69Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 26, 2018
|% Change Since: -3.92%
|Next Earnings Date:Jul 20, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture, with notable progress in profit improvement and strong divisional performances, especially in Forest and Packaging Materials. However, significant challenges remain in the Packaging Solutions division, Biomaterials, and Wood Products, alongside concerns about market volatility and high costs.Company Guidance
During Stora Enso's Q3 2024 earnings call, the company provided guidance for the upcoming quarter and highlighted key metrics from the recent performance. The company reported an adjusted EBIT increase to EUR 175 million, significantly up from EUR 21 million in the previous year, and a group sales increase of 6%, reaching nearly EUR 2.3 billion. The net debt-to-EBITDA ratio was reduced but remained above the target of 2.0. Notably, the Packaging Materials segment saw an 11% sales rise to EUR 1.169 billion, and the Biomaterials division's adjusted EBIT margin improved to 11% from 1% last year. Stora Enso announced it would sell approximately 12% of its forest assets in Sweden, valued at EUR 6.3 billion, to strengthen its balance sheet. The company also decided to retain the Beihai packaging board production site, citing its improved relative cost competitiveness amid global cost escalations. Looking ahead, Stora Enso anticipates slower market recovery and ongoing challenges such as high wood costs and market volatility, which may impact fourth-quarter profits. Nonetheless, the company aims for full-year 2024 adjusted EBIT to exceed EUR 342 million from 2023.Continued Profit Improvement
Stora Enso reported an increase in adjusted EBIT for a fourth consecutive quarter, with Group adjusted EBIT rising to EUR 175 million from EUR 21 million last year.
Strong Performance in Forest Division
The Forest division experienced continued high demand, with sales increasing by 30% (EUR 161 million) to EUR 695 million and adjusted EBIT reaching a record high of EUR 81 million.
Packaging Materials Growth
Sales in the Packaging Materials division rose by 11% (EUR 112 million) to EUR 1.169 billion, driven by higher volumes and increased containerboard prices.
Debt Reduction Plans
Stora Enso plans to sell approximately 12% of its forest assets in Sweden to reduce debt and strengthen the balance sheet.
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SEOAY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SEOAY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $11.49 | $11.11 | -3.31% |
| Jul 24, 2024 | $13.69 | $12.81 | -6.43% |
| Apr 25, 2024 | $13.26 | $13.53 | +2.04% |
| Feb 01, 2024 | $12.72 | $12.07 | -5.11% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Stora Enso (SEOAY) report earnings?
Stora Enso (SEOAY) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Stora Enso (SEOAY) earnings time?
Stora Enso (SEOAY) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SEOAY EPS forecast?
SEOAY EPS forecast for the fiscal quarter 2024 (Q4) is 0.1.
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