Here are Antti’s quick comments on Stora Enso’s Q1 results. 
Stora Enso released its Q1 report this morning, which proved to be operationally better than market fears regarding the Q1 result. Stora Enso does not provide earnings guidance, and in its Q2 outlook, the company continued to emphasize the difficult market environment and new cost pressures created by geopolitical uncertainty. We also estimate that the loss from the Oulu consumer board machine is not narrowing significantly during Q2. According to our preliminary interpretation, the report does not create at least significant upward pressure on our or the consensus near-term forecasts, despite the Q1 operational result being better than market expectations.