UPM-Kymmene Oyj (OTCPK:UPMMY)
$ 27.67 -0.58 (-2.05%) 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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Q1 2022 UPM-Kymmene Oyj Earnings Call Transcript

Apr 26, 2022 / 10:15AM GMT
Release Date Price: $33.75 (-1.83%)
Jussi Pesonen

Dear audience, welcome to UPM's Q1 2022 Result Webcast. My name is Jussi Pesonen. I'm 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 all of you on the line.

Jussi Pesonen

Today, we will cover three topics. First of all, the Q1 result and then the collective labor agreement in Finland, and finally, we talk about very important projects that we have, the transformative projects. Ladies and gentlemen, welcome to this meeting and let's have a proactive good meeting. First, we will really discuss about the Q1 results and the outlook for 2022.

Our Q1 performance was very strong and our results were on par with the last year. All in all, we expect this year to be another good year for UPM, with full year of 2020 result on similar level or higher than last year. Second, we have now achieved business level collective labor agreements for all our businesses also in Finland. This increases flexibility and the

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