Stora Enso Oyj Half-year Report January–June 2020
Q2/2020 (compared with Q2/2019) *Sales decreased by 18.9% to EUR 2 114 (2 608) million, due to lower deliveries and prices, as a result of the impact of the Covid-19 pandemic. *Operational EBIT decreased to EUR 178 (299) million. The impact of lower sales was partly offset by good cost management. *Operational EBIT margin was 8.4% (11.5%). *Operating profit (IFRS) was EUR 226 (142) million. *Strong liquidity at EUR 2.1 billion, including cash and committed credit facilities and good access to funding sources. *Operational ROCE was 6.8% (11.8%), below the strategic target of over 13%.