Stora Enso posts meagre profit rise

27 April 2005 – Helsinki (FIN): Stora Enso has recorded a slight rise in Q1 profits, but continues to suffer from a weak dollar undermining price rises in its key European markets.

Pre-tax profit for the quarter was €83.6 million ($109.2 million), or EPS of €0.07, up 5 per cent year-on-year from €79.5 million, or EPS of €0.06, last year.

Sales came in at €3.145 billion, up from €3.018 billion in 2004.

The company has also posted a cautious price outlook for publication papers going forward.