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Finland's Stora Enso Q3 profit drops less than expected

Credit: REUTERS/INTS KALNINS

Finnish forestry firm Stora Enso reported a smaller-than-expected fall in underlying July to September profits, citing a challenging business environment but minimal COVID-19 impact on its ability to serve customers and run operations.

HELSINKI, Oct 20 (Reuters) - Finnish forestry firm Stora Enso STERV.HE reported a smaller-than-expected fall in underlying July to September profits, citing a challenging business environment but minimal COVID-19 impact on its ability to serve customers and run operations.

The pulp, paper and packaging-board maker said quarterly adjusted operating profit fell to 330 million euros ($388.5 million) from 397 million a year earlier, beating the average forecast of 288.8 million in a Refinitiv analyst poll.

($1=0.8493 euros)

(Reporting by Anne Kauranen; Editing by Clarence Fernandez)

((anne.kauranen@thomsonreuters.com; +358925166112;))

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