SEOAY - Stora Enso Oyj Non-GAAP EPS of Euro0.47 revenue of Euro2.96B; reaffirms FY22 guidance
- Stora Enso Oyj press release ( OTCPK:SEOAY ): Q3 Non-GAAP EPS of € 0.47.
- Revenue of € 2.96B (+14.7% Y/Y).
- Operational EBIT increased by 29% to € 527M.
- Operational EBIT margin increased to 17.8%.
- The net debt to operational EBITDA ratio improved to 0.8. The target is to keep the ratio below 2.0.
- Operational ROCE excluding the Forest division increased to 22.2%, the target being >13%.
- Stora Enso reiterates its full-year 2022 operational EBIT guidance to be higher than the full year operational EBIT 2021 (EUR 1,528 million).
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Stora Enso Oyj Non-GAAP EPS of €0.47, revenue of €2.96B; reaffirms FY22 guidance