July 19 (Reuters) - Finnish paper firm Stora Enso reported a bigger than expected fall in second-quarter profits on Friday, and said demand was set to slow down.
The pulp, paper and packaging board maker said its adjusted operating profit in the quarter fell 12% from a year earlier to 287 million euros ($323 million), missing the average forecast of 307 million in a Refinitiv analyst poll.
Stora Enso declined to give a sales forecast, citing global uncertainties.
“Further deteriorating trading conditions caused by geopolitical uncertainties related to trade wars and a possible hard Brexit are expected to impact Stora Enso negatively,” it said.
“Demand growth is forecast to slow down for Stora Enso’s businesses in general and demand decline is escalating for European paper.” ($1 = 0.8881 euros) (Reporting by Tarmo Virki; Editing by Jan Harvey)