EE: Stora Enso Estonia records net profit in 2010.

By bne IntelliNews June 8, 2011
Paper and wood products group Stora Enso recorded net profit of EUR 17.5mn in Estonia in 2010, the company announced. In 2009 the company recorded EUR 7.9mn net loss, which was due to write-down of the value of Lithuanian Stora Enso subsidiary. Revenues of Stora Enso Estonia increased to EUR 164mn in 2010, up by 61% y/y. Sales volume grew by 28% y/y to 0.5mn cubic metres of wood products. Timber sales amounted to 0.5mn cubic metres, and wood chips sold 0.2mn cubic metres. As of end-2010 the company employed 589 people.

Related Articles

EE: Estonian Air records EUR 49.2mn loss in 2012.

Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more

LT: Malsena acquires Latvian flour manufacturer Rigas Dzirnavieks.

Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more

EE: Estonian Air to return excess Embraer airplanes.

Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more