UPM-Kymmene Oyj (OTCPK:UPMMY)
$ 27.635 -0.615 (-2.18%) Market Cap: 15.07 Bil Enterprise Value: 18.54 Bil PE Ratio: 19.85 PB Ratio: 1.32 GF Score: 69/100
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Q3 2021 UPM-Kymmene Oyj Earnings Call Transcript

Oct 26, 2021 / 10:15AM GMT
Release Date Price: $36.02 (+0.17%)
Jussi Pesonen
UPM-Kymmene Oyj - President & CEO

Dear audience, welcome to UPM's Quarter 3 2021 Results Webcast. My name is Jussi Pesonen. I am the CEO of UPM. And I'm here, as always, with our CFO, Tapio Korpeinen.

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

Hello, everyone on the line.

Jussi Pesonen
UPM-Kymmene Oyj - President & CEO

Well, let's get started. Today, we would like to highlight 3 key messages. First, Q3 2021 was financially the best quarter ever for UPM. This was a good achievement in exceptionally volatile global business environment. It also shows we have fully recovered from the slowdown caused by the pandemic last year. Secondly, our transformative growth projects are making good progress. In Uruguay, we have now reached the peak activity as planned with more or less more than 6,000 workers at the construction sites. In the biochemicals, we also are taking significant steps in commercialization of the new world -- new-to-world products. Our cooperation

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