Stora Enso plans timber unit closure and Jefferies targets Stora Enso stock at EUR 12.50

Published on 10/06/2026 at 09:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 2.76 percent to EUR 2.42 billion in the second quarter of 2026. Stora Enso stock costs EUR 9.88 on October 6, 2026 versus EUR 9.90.

Stora Enso, FI0009005961, Illustration mit AI erstellt.

Stora Enso (ISIN FI0009005961) was trading at EUR 9.88 at Lang & Schwarz on October 6, 2026 at 9:05 a.m. CEST, down 0.20 percent versus the prior close of EUR 9.90. On September 29, 2026, Cision reported that the company planned to discontinue cross-laminated timber production at Gruvön by the end of 2026. Jefferies raised its target for Stora Enso stock from EUR 12.15 to EUR 12.50 and kept a Buy rating on September 22, 2026, according to MarketScreener.

Gruvön plan affects 80 positions

The proposed change would close the cross-laminated timber unit at the Swedish Gruvön sawmill while keeping the sawn-goods operation in place. The negotiations cover 220 employees, and the plan could affect a maximum of 80 positions, according to the company release carried by Cision on September 29, 2026.

Stora Enso cited slower market growth, higher wood costs and high fixed costs for the decision. The company said Nordic customers would continue to receive cross-laminated timber from three other units in the Czech Republic and Austria, while Gruvön would continue delivering sawn goods.

Revenue rose but profit turned negative

In the quarter ended June 30, 2026, revenue reached EUR 2.42 billion, up 2.76 percent from EUR 2.36 billion in the quarter ended March 31, 2026. Investing.com reported net income of minus EUR 13.00 million for the latest quarter, compared with net income of EUR 32.00 million in the previous quarter.

The contrast matters for the stock narrative: revenue improved sequentially, but earnings moved from profit to loss. Jefferies expects EBIT of EUR 146.00 million in the third quarter, 8.00 percent below consensus, before forecasting EUR 176.00 million in the fourth quarter, according to MarketScreener.

Stock remains below yearly high

Stora Enso stock was valued at EUR 9.88 at Lang & Schwarz on October 6, 2026 at 9:05 a.m. CEST. The price stood 19.41 percent below the EUR 12.26 52-week high and above the EUR 8.50 52-week low, while market capitalization was EUR 7.8 billion on the same date.

The further course of trading is shown by the continuously updated real-time quote of Stora Enso stock.