UPM-Kymmene Oyj

UPM

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UPM-Kymmene Oyj

Ticker/ISIN
UPM
FI0009005987
Marknad/Land
Main Market, Helsinki
Sweden
Senaste aktiekurs
29.66 SEK
2024-03-06

Hittills i år

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6 månader

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5 år

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UPM is a global forest products group with core businesses in printing papers, speciality papers, label materials and wood products. In its main product areas, UPM is a leading manufacturer in all key markets. UPM has production in 15 countries and employs about 26,000 people. The group's key mills are located in Finland, Germany, France, the UK, Austria, the United States and China.

Senaste sammanfattade pressmeddelande

UPM-Kymmene Corporation has announced its financial reporting schedule for 2025. The Financial Statements Release for 2024 will be published on February 5, 2025. The Interim Reports for Q1, Q1-Q2, and Q1-Q3 will be released on April 24, July 24, and October 29, 2025, respectively. The Annual Report for 2024, including financial statements and a sustainability statement, will be available online in English and Finnish during week 10 of 2025. The Annual General Meeting is scheduled for March 27, 2025, in Helsinki, Finland. UPM is committed to sustainable solutions and climate change mitigation, operating across six business areas with 16,600 employees and annual sales of approximately EUR 10.5 billion. Their shares are listed on Nasdaq Helsinki Ltd.
UPM-Kymmene Corporation announced that Mika Kekki will be appointed as Executive Vice President of UPM Specialty Papers starting January 1, 2025. He will remain part of UPM's Group Executive Team and report to CEO Massimo Reynaudo. Currently, Kekki is the Executive Vice President of UPM Plywood, a role he will hold until the end of 2024. He has been with UPM since 1994 and joined the Group Executive Team in 2021. Massimo Reynaudo praised Kekki's leadership and performance focus. Kekki will replace Jaakko Nikkilä, who is leaving UPM to pursue other opportunities. Nikkilä has been credited with significantly growing UPM Specialty Papers, particularly in Asia. The search for Kekki's successor at UPM Plywood will begin immediately. UPM is committed to renewable solutions and climate change mitigation, employing 16,600 people globally with annual sales of approximately EUR 10.5 billion.
UPM-Kymmene Corporation's interim report for Q3 2024 shows a 32% increase in comparable EBIT compared to the previous year, despite challenging market conditions. Sales for the quarter were EUR 2,521 million, with a net debt of EUR 2,804 million. The company highlighted the full ramp-up of the UPM Paso de los Toros pulp mill as a key contributor to earnings improvement. While market demand slowed, UPM took measures to safeguard profitability and remains focused on competitiveness and growth ambitions. The report outlines performance across various segments, noting challenges in pulp and paper markets, but also potential for growth in renewable fibres and advanced materials. UPM continues to prioritize sustainability and has received a Platinum rating from EcoVadis for its environmental and ethical practices. Looking ahead, UPM expects comparable EBIT for Q4 2024 to be similar to or higher than Q4 2023. A webcast for analysts and investors will discuss the interim report further.
UPM will release its interim report on Tuesday, October 29, 2024, between 09:30 and 10:00 EET. The report will be accessible on their website. A webcast and conference call for analysts and investors will begin at 13:15 EET, presented in English by President and CEO Massimo Reynaudo and CFO Tapio Korpeinen. To ask questions during the conference call, participants must register and will receive access details upon registration. The webcast will be available on the UPM website for 12 months. UPM, a leader in renewable solutions, operates across six business areas and is committed to climate change mitigation. The company employs 16,600 people globally, with annual sales of approximately EUR 10.5 billion, and is listed on Nasdaq Helsinki Ltd. More information can be found on their website and social media platforms.
UPM-Kymmene Corporation has issued a profit warning, lowering its 2024 outlook due to reduced deliveries across most businesses and declining pulp prices. Although earnings improved in the second half of the year, they did not meet earlier expectations. In Q3 2024, UPM's comparable EBIT rose by 32% to EUR 291 million compared to Q3 2023. Full-year comparable EBIT for 2024 is expected to be similar to or better than 2023. Despite full production at its new pulp mill, UPM faced challenges from a weakened pulp market and high wood costs in Finland. Sales in Q3 2024 decreased by 2% to EUR 2,521 million. UPM will release its full Q3 2024 report on October 29, 2024. The company employs 16,600 people globally, with annual sales around EUR 10.5 billion, and is listed on Nasdaq Helsinki Ltd.
UPM-Kymmene Corporation announced on October 4, 2024, that it received a notification from BlackRock, Inc. regarding a group restructure following its acquisition of Global Infrastructure Management LLC. As a result, BlackRock's total position in UPM-Kymmene stands at 6.43% of shares and voting rights, up from a previous 5.36%. This includes 6.20% direct shares and voting rights and an additional 0.23% through financial instruments. UPM-Kymmene is a company focused on renewable solutions across six business areas, with annual sales of approximately EUR 10.5 billion, employing 16,600 people globally. Its shares are listed on Nasdaq Helsinki Ltd.
Harald Dialer has been appointed Executive Vice President, Technology and UPM Biorefining at UPM, effective January 1, 2025. He will join UPM’s Group Executive Team and report to President and CEO Massimo Reynaudo. Dialer, who holds a Ph.D. in chemistry, has over 25 years of experience in specialty chemicals and renewables technologies, previously working at HCS Group, BASF, Süd-Chemie, Scientific Design Co., and Clariant. He will be based in Augsburg, Germany. Dialer succeeds Winfried Schaur, who is leaving the company for private reasons after a 23-year career at UPM. Schaur will remain in his current position until the end of 2024. UPM is committed to renewable and responsible solutions, employing 16,600 people worldwide with annual sales of approximately EUR 10.5 billion.
UPM held a Capital Markets Day in London, focusing on the theme 'From transformation to growth'. President and CEO Massimo Reynaudo and the Group Executive Team discussed UPM's strategy to accelerate growth in renewable fibres, advanced materials, and decarbonisation solutions. Over the past 15 years, UPM has shifted from a paper producer to a supplier of advanced materials, achieving a 14% annual shareholder return. The company aims to further growth in the next five years, particularly in renewable fibres, advanced materials, and decarbonisation solutions. UPM plans to optimise its production in Uruguay, expand in fast-growing markets, and launch its biochemicals business. The company remains committed to disciplined capital allocation, attractive returns, and sustainability. More information and a replay of the webcast are available on UPM's website.

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Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från UPM-Kymmene Oyj

Transaktioner utförda av personer i ledande ställning: UPM-Kymmene Corporation: Managers' Transactions (Wahl)

On 4 April 2024, the Annual General Meeting of UPM-Kymmene Corporation decided that the annual base fee of the company's Board of Directors would be paid in both company shares and cash, with about 40% in shares purchased on behalf of the Board members. Following this decision, 1,767 shares were acquired for Kim Wahl, the Deputy Chair of the Board. The transaction was made on 26 April 2024 at NASDAQ Helsinki Ltd. The shares were part of a share-based incentive and were received at a unit price of 0.00 EUR.

Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från UPM-Kymmene Oyj

Transaktioner utförda av personer i ledande ställning: UPM-Kymmene Corporation: Managers' Transactions (Manner)

The Annual General Meeting of UPM-Kymmene Corporation on 4 April 2024 decided that the annual base fee of the company's Board of Directors would be paid partly in company shares and partly in cash. Approximately 40% of the fee is to be paid in company shares, which are purchased on behalf of the board members. Following this resolution, 1,462 shares were bought for board member Topi Manner. The transaction occurred on 26 April 2024 on NASDAQ HELSINKI LTD. The shares were received as part of a share-based incentive.

Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från UPM-Kymmene Oyj

Ändring av styrelse/ledning/revisor: Tim Kirchen appointed Executive Vice President, UPM Raflatac and member of the Group Executive Team

UPM-Kymmene Corporation has announced the appointment of Tim Kirchen as the Executive Vice President of UPM Raflatac. Kirchen will also join the Group Executive Team and report to President and CEO, Massimo Reynaudo. Currently serving as Senior Vice President for the Americas region at UPM Raflatac, Kirchen has been with UPM since 2018. Prior to this, he held senior roles at SIG Combibloc Group. Kirchen, a German and US citizen, will assume his new role in Helsinki, Finland, starting from 1 August 2024.

Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från UPM-Kymmene Oyj

Kommuniké från årsstämma: Decisions of UPM-Kymmene Corporation's Annual General Meeting

The Annual General Meeting (AGM) of UPM-Kymmene Corporation was held on 4 April 2024 in Helsinki, Finland. The AGM adopted the Financial Statements for 2023, and a dividend of EUR 1.50 per share was approved, to be paid in two instalments. The AGM approved the Remuneration Report and Remuneration Policy, elected the auditor for 2025, and authorized the Board of Directors to decide on the issuance of new shares, repurchase of the company's own shares, and charitable contributions. Melanie Maas-Brunner was elected as a new director, replacing Emma FitzGerald. The remuneration for the Board of Directors was increased, with the Chair to receive an annual base fee of EUR 231,000. The Board was also authorized to decide on the issuance of new shares and special rights, and to repurchase a maximum of 50,000,000 of the company's own shares. The Board can also resolve on contributions up to a total of EUR 1,000,000 for charitable purposes.

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