Stora Enso expects significantly lower operational EBIT for full-year 2023 due to a worsened market outlook, with increasing costs and market uncertainties expected to be more challenging than in 2022. The packaging market, particularly containerboard demand, is weakening, and the construction sector remains challenging. To manage volatility, Stora Enso is reviewing variable costs and taking preparatory actions while focusing on decentralization and reducing overhead costs. They have completed negotiations on potential furloughs and implemented capacity adjustment activities.
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