UPM-Kymmene Oyj (OTCPK:UPMMY)
$ 27.1401 -0.3599 (-1.31%) Market Cap: 14.67 Bil Enterprise Value: 18.14 Bil PE Ratio: 19.33 PB Ratio: 1.28 GF Score: 69/100
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Q2 2019 UPM-Kymmene Oyj Earnings Call Transcript

Jul 23, 2019 / 10:15AM GMT
Jussi Pesonen
UPM-Kymmene Oyj - President, CEO, Head of UPM Biorefining & Director

Ladies and gentlemen, the audience, welcome to UPM's webcast. My name is Jussi Pesonen here. I'm the CEO of UPM, and I'm here with our CFO, Tapio Korpeinen.

Tapio Juhani Korpeinen
UPM-Kymmene Oyj - CFO & Executive VP of UPM Energy

Hello to everyone.

Jussi Pesonen
UPM-Kymmene Oyj - President, CEO, Head of UPM Biorefining & Director

When I was walking down here to the conf call room, I sum it up that this is my 62nd quarterly report, and I have to be saying that there has been quite many big changes and forward-looking events in UPM, starting with the closure of Voikkaa Mill and then acquisitions of Fray Bentos and Myllykoski and the operating (inaudible) change, not even speaking about taking the balance sheet to a strong position. But today, I think that it is a kind of historical date and day for me and for the whole UPM.

We have 2 important topics to be discussed: first of all, the result of UPM of the

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