UPM-Kymmene Oyj

Ticker/ISIN
UPM
FI0009005987
Marknad/Land
Main Market, Helsinki
Sweden

Om UPM-Kymmene Oyj

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 från UPM-Kymmene Oyj

UPM will release its Financial Statements for 2024 on February 5, 2025, 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 follow at 13:15 EET, with presentations by President and CEO Massimo Reynaudo and CFO Tapio Korpeinen. Participants can view the webcast online or register for the conference call to ask questions. The webcast will be available on the UPM website for 12 months. UPM focuses on renewable and responsible solutions 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 its shares are listed on Nasdaq Helsinki Ltd.
UPM-Kymmene Corporation announced that Susanna Rinne will take on the role of interim Executive Vice President of the UPM Plywood business area starting January 1, 2025. This change follows the appointment of the current Executive Vice President, Mika Kekki, to lead the UPM Specialty Papers business area from the same date. Susanna Rinne, born in 1970, is currently the Vice President of Strategy & Business Development at UPM Plywood and has been with the company since 1995. The recruitment process for a permanent Executive Vice President for UPM Plywood is ongoing. UPM operates across six business areas and is committed to sustainable and responsible solutions, employing 16,600 people globally with annual sales of approximately EUR 10.5 billion. The company's shares are listed on Nasdaq Helsinki Ltd.
UPM Raflatac has announced the permanent closure of its Kaltenkirchen factory in Germany to enhance efficiency and productivity. The closure will occur in stages throughout 2025, affecting 154 positions. Label material production will be moved to UPM Raflatac’s factories in Poland and Finland, while graphics solutions production will be transferred to Belgium. These changes aim to boost growth in the Films and Graphics business by improving profitability and maximizing synergies. The company plans to centralize production in more cost-effective locations to enhance product quality and customer service. UPM Raflatac is part of UPM, a company focused on renewable and responsible solutions, with operations across six business areas and annual sales of approximately EUR 10.5 billion.
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.

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Nyheter för investerare: UPM Raflatac vauhdittaa kasvuaan graafisissa tarramateriaaleissa
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Nyheter för investerare: UPM Raflatac accelerates its growth in Graphics by acquiring Grafityp

UPM Raflatac has acquired Belgian company Grafityp to enhance its growth in graphics solutions. The merger aims to strengthen UPM Raflatac's competitive position, expand its product portfolio, and access new technologies. Grafityp, known for its self-adhesive graphics solutions and strong brand presence, has a manufacturing site in Belgium and a distribution center in the UK, employing around 100 people. Both companies have agreed not to disclose financial details of the transaction. The acquisition is expected to create significant growth opportunities and synergies, aligning with UPM Raflatac's strategy to expand its graphics business.

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Halvårsrapport: UPM Half-Year Financial Report 2024: Comparable EBIT increased by 60% in Q2, UPM Paso de los Toros reached full capacity

UPM-Kymmene Corporation released its Half-Year Financial Report for 2024 on 23 July 2024. The report highlights a 60% increase in comparable EBIT for Q2. Key figures include Q2 sales of EUR 2,546 million, comparable EBIT of EUR 182 million, and operating cash flow of EUR 204 million. The UPM Paso de los Toros pulp mill in Uruguay reached full capacity. Maintenance activities affected performance but were successful, positioning assets well for the second half of the year. UPM Fibres saw good pulp demand and increased prices, UPM Specialty Papers and UPM Raflatac delivered good results, while UPM Communication Papers faced challenges. UPM Energy had a weak quarter due to lower electricity prices and maintenance. UPM Plywood performed steadily, and the biofuels business remained stable. The company is progressing with plans for a biofuels refinery in Rotterdam and expects future growth in renewable fuels and biochemicals. UPM anticipates better results in the second half of 2024, driven by higher delivery volumes and optimized operations at the UPM Paso de los Toros pulp mill. The full-year 2024 comparable EBIT is expected to increase from 2023. The company will host a webcast and conference call to discuss the report.

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Halvårsrapport: UPM puolivuosikatsaus 2024: Vertailukelpoinen liikevoitto parani 60 % toisella neljänneksellä, UPM Paso de los Toros saavutti täyden kapasiteetin

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Nyheter för investerare: Invitation to UPM's webcast on half year financial report 2024

UPM will release its half-year financial report on Tuesday, July 23, 2024, between 09:30 and 10:00 EEST. The report will be available on the company's website. A webcast and conference call for analysts and investors will follow at 13:15 EEST, presented in English by President and CEO Massimo Reynaudo and CFO Tapio Korpeinen. Participants must register for the conference call to ask questions. The webcast will remain accessible on the website for 12 months. UPM is committed to renewable and responsible solutions, employing 16,600 people globally with annual sales of approximately EUR 10.5 billion. The company is listed on Nasdaq Helsinki Ltd. More information can be found on their website and social media platforms.

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Nyheter för investerare: Kutsu UPM:n 2024 puolivuosikatsauksen verkkolähetykseen
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Ändring av styrelse/ledning/revisor: Gunnar Eberhardt nimitetty UPM Communication Papers -liiketoiminta-alueen johtajaksi ja UPM:n johtajiston jäseneksi
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Ändring av styrelse/ledning/revisor: Gunnar Eberhardt appointed Executive Vice President, UPM Communication Papers and member of the Group Executive Team

UPM-Kymmene Corporation announced the appointment of Gunnar Eberhardt as Executive Vice President of UPM Communication Papers and a member of the Group Executive Team, effective October 2024. Eberhardt, who will report to President and CEO Massimo Reynaudo, joins UPM from Henkel AG & Co. KGaA, where he served as Corporate Vice President, Adhesives Automotive OEM Business. He has extensive experience in sales, marketing, and leadership roles at Henkel and Osram. Eberhardt holds a Diploma in Industrial Engineering and an Executive Master’s degree in Innovation & Technology Management. He will be based in Augsburg, Germany. UPM highlighted Eberhardt's international experience and leadership skills as valuable assets for the company.

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Ändring av styrelse/ledning/revisor: Change in UPM's Group Executive Team
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Transaktioner utförda av personer i ledande ställning: UPM-Kymmene Corporation: Managers' Transactions (Kauppi)

On 4 April 2024, the Annual General Meeting of UPM-Kymmene Corporation decided that the company's Board of Directors' annual base fee would be paid partially in company shares and cash, with about 40% in shares purchased on behalf of the board members. As a result, 1,462 shares were bought for Board member Piia-Noora Kauppi. The shares were acquired on 26 April 2024 from NASDAQ Helsinki Ltd.