HELSINKI (News release) -- Stora Enso estimates that the previous full year 2022 operational EBIT guidance will be exceeded. Hence, the Company changes its full year 2022 operational EBIT guidance to be higher than the full-year 2021 of EUR 1,528 million. The previous guidance for the full year 2022 was an operational EBIT to be approximately in line with the full year 2021.

During 2022, all the main markets of Stora Enso have experienced continued strong performance, with increased visibility and predictability for the full year. Consequently, Stora Enso has revised its internal forecasts for this period to a higher level than previously estimated.

The strong underlying demand and commercial momentum has continued across all six divisions and geographies. All divisions remain fully booked and there is still a tight supply and demand balance in many product categories. The second quarter started with high selling prices, which have continued to mitigate inflationary pressures.

Stora Enso Oyj will publish its Half-year Report for January-June 2022 on Friday 22 July 2022 at approximately 8:30 EEST (7:30 CEST).