Wednesday 20. April 2011
Stora Enso CEO Jouko Karvinen comments on first quarter 2011 results announced today
“Three months ago we promised improved earnings through better pricing and an improved cost base – and that is what the team delivered. We are pleased to report first quarter results for 2011 showing significant profitability improvement driven by broad and strong year-on-year pricing improvement in every segment. It is also important that these improvements were not solely due to market recovery, which was actually quite limited, but they also reflect a conscious effort to improve pricing quality even when that has meant limiting volumes and capacity. They are also a result of our cost base reduction we started several years ago.