trending Market Intelligence /marketintelligence/en/news-insights/trending/cA1gE68xqmpOSLjVIXd39g2 content esgSubNav
In This List

Stora Enso profit beats consensus by 120.8% in Q4

Blog

Europe: 5 key OTT trends to watch in 2022

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


Stora Enso profit beats consensus by 120.8% in Q4

Stora Enso Oyj said its normalized net income for the fourth quarter came to 38 euro cents per share, compared with the S&P Capital IQ consensus estimate of 17 cents per share.

EPS fell 31.1% year over year from 55 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €296.9 million, a decline of 31.0% from €430.1 million in the year-earlier period.

The normalized profit margin dropped to 11.9% from 16.9% in the year-earlier period.

Total revenue fell year over year to €2.49 billion from €2.54 billion, and total operating expenses declined 7.7% year over year to €2.17 billion from €2.36 billion.

Reported net income decreased 77.8% from the prior-year period to €94.8 million, or 12 cents per share, from €426.5 million, or 54 cents per share.

For the year, the company's normalized net income totaled 79 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 67 cents.

EPS declined from 95 cents in the prior year.

Normalized net income was €624.1 million, a decline from €751.5 million in the prior year.

Full-year total revenue declined on an annual basis to €9.86 billion from €10.09 billion, and total operating expenses fell year over year to €8.91 billion from €9.23 billion.

The company said reported net income declined on an annual basis to €466.0 million, or 59 cents per share, in the full year, from €805.6 million, or €1.02 per share.