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 2023 UPM-Kymmene Oyj Earnings Call Transcript

Apr 25, 2023 / 10:15AM GMT
Release Date Price: $32 (-2.74%)
Jussi Pesonen
UPM-Kymmene Oyj - President & CEO

Ladies and gentlemen, welcome to UPM's Q1 2023 Result Webcast. My name is Jussi Pesonen. I'm the CEO of UPM. And I, like always, I'm here with our CFO, Tapio Korpeinen.

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

Good afternoon to everyone.

Jussi Pesonen
UPM-Kymmene Oyj - President & CEO

Let's get started. Ladies and gentlemen, we have 2 main topics to be discussed today. First, we delivered solid Q1 results, even though it was clearly held back by short-term lack of volumes. And secondly, I am absolutely excited that we have successfully completed 2 of our transformative major growth projects. This is a very important milestone that we had 2 weeks ago within UPM.

The Paso de los Toros pulp mill in Uruguay is currently ramping up the production and is already producing high-quality sellable pulp. At the same time, Olkiluoto 3 nuclear power plant unit here in Finland is now in regulatory commercial production. Both

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