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Davy Research

Stora Enso

New CEO to accelerate turnaround

Sep 19 2023, 06:55 IST/BST
Justin Jordan
Company Report
6 page(s)

Sectors : Paper & Packaging

Companies : Stora Enso

Ratings and price correct at time of issue.

Stora Enso

Closing Price: 1218c
RATING 24/07/23
NEUTRAL
PREVIOUS RATING 10/05/23

OUTPERFORM

Person's Name

Justin Jordan

Analyst

DAVY VIEW

Stora Enso has appointed a new CEO, Hans Sohlström, to accelerate its profit turnaround, succeeding Annica Bresky who has left the group. While expecting a possible acceleration of ongoing restructuring actions to improve profitability, we reaffirm our ‘Neutral’ view ahead of the Q3 2023 results on October 24th.

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Sep 19 2023, 06:55 IST/BST