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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Nyhetsuppdatering från UPM-Kymmene Oyj

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

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 partly in company shares and partly in cash, with about 40% being payable in shares. Following this decision, 1,462 shares were purchased on behalf of board member Martin à Porta. The transaction took place on 26 April 2024 at NASDAQ HELSINKI LTD.

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Main Market, Helsinki News

Nyhetsuppdatering från UPM-Kymmene Oyj

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

On April 4, 2024, the Annual General Meeting of UPM-Kymmene Corporation decided that the annual base fee of the company's Board of Directors will be paid partly in company shares and partly in cash. Approximately 40% of the fee is to be paid in company shares purchased on behalf of the Board members. Following this decision, 1,462 shares were bought for Board member Marjan Oudeman. The transaction was carried out on NASDAQ HELSINKI LTD.

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Main Market, Helsinki News

Nyhetsuppdatering från UPM-Kymmene Oyj

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

The Annual General Meeting of UPM-Kymmene Corporation decided on 4th April 2024 that the company's Board of Directors' annual base fee would be paid in a combination of company shares and cash. As a result, 2,816 shares were purchased on behalf of Henrik Ehrnrooth, the Chair of the Board. The shares were acquired from NASDAQ HELSINKI LTD on 26th April 2024. The company is committed to responsible and renewable solutions across its six business areas.

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Main Market, Helsinki News

Nyhetsuppdatering från UPM-Kymmene Oyj

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

UPM-Kymmene Corporation's Annual General Meeting resolved on 4 April 2024 that the company's Board of Directors' annual base fee would be paid partly in company shares and partly in cash. Following this resolution, 1,462 shares were purchased on behalf of Board member Jari Gustafsson. The transaction took place on 26 April 2024 on the NASDAQ Helsinki Ltd. The shares were acquired as part of a share-based incentive.

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Main Market, Helsinki News

Nyhetsuppdatering från UPM-Kymmene Oyj

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

On 4 April 2024, the Annual General Meeting of UPM-Kymmene Corporation decided that the annual base fee for the company's Board of Directors will be paid partly in company shares and partly in cash. Following this decision, 1,462 shares have been purchased on behalf of Board Member Pia Aaltonen-Forsell. The shares were acquired at no cost as part of a share-based incentive scheme. The transaction took place on the NASDAQ Helsinki Ltd.

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Main Market, Helsinki News

Nyhetsuppdatering från UPM-Kymmene Oyj

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

On 4 April 2024, the Annual General Meeting of UPM-Kymmene Corporation decided that the annual base fee for the company's Board of Directors would be paid in a combination of company shares and cash, with about 40% in shares purchased on behalf of the board members. Following this decision, 1,462 shares were bought for board member Melanie Maas-Brunner. The transaction took place on 26 April 2024 on the NASDAQ HELSINKI LTD (XHEL). The shares were received as part of a share-based incentive.

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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.

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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.

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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.

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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.