HELSINKI, Jan 31 (Reuters) – Stora Enso (STERV.HE) on Tuesday said higher costs would be likely to squeeze its margins in 2023 after the Finnish forestry group produced its strongest annual results in more than 20 years, although profit declined in the fourth quarter.
“Stora Enso enters the new year with market softness and variable cost pressures which are expected to be more challenging in 2023 than in 2022 weighing on our results this year,” the company said in a statement.