PI, AMP and SEOAY made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on January 31, 2023.
SEOAY, SNEX, PI, HCC and ADM have been added to the Zacks Rank #1 (Strong Buy) List on January 31, 2023.
HELSINKI (Reuters) -Stora Enso 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. The company booked some 185 million euros in losses last year from the sale of its Russian operations, which it announced in April and in May. The Russian the exit also reduced its fourth-quarter profitability by 20 million euros compared with a year ago.