UPM-Kymmene Oyj (OTCPK:UPMMY)
$ 27.08 -0.42 (-1.53%) Market Cap: 14.67 Bil Enterprise Value: 18.14 Bil PE Ratio: 19.33 PB Ratio: 1.28 GF Score: 69/100

Q4 2021 UPM-Kymmene Oyj Earnings Call Transcript

Jan 27, 2022 / 11:15AM GMT
Release Date Price: $36.61 (-7.15%)
Jussi Pesonen
UPM-Kymmene Oyj - President & CEO

Dear audience, welcome to UPM's Full Year 2021 Result Webcast. My name is Jussi Pesonen, I am the CEO of UPM. I'm here with our CFO, Tapio Korpeinen.

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

Hello to everybody.

Jussi Pesonen
UPM-Kymmene Oyj - President & CEO

Today, I would like to highlight 2 key messages. First one, our earnings are fully back on the strong pre-pandemic levels. This is a case both in full year 2021 and for the fourth quarter, and we expect 2022 to be another good year for the company. And secondly, our transformative growth projects continue to make progress. Most importantly, the investment cases in both are very much intact and highly attractive.

2021 was a strong year for UPM. The world's economy recovered quickly from the previous year's steep slowdown. Demand for our products was strong in all business areas. We improved our margins despite the significant raw material and energy cost

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