Stora Enso’s Q2 sales drop 18.9%

Stora Enso’s 1Q 2020 sales decreased by 18,9% YoY to Euro 2,114 billion. The Covid-19 crisis has accelerated the decline in demand for European paper, and the market conditions for the Group’s other products continue to be mixed.

During Q3/2020 there will be annual maintenance shutdowns at six mills. The total negative impact of maintenance is estimated to be EUR 45 million more compared to Q2/2020 and similar to Q3/2019.