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

Half Year 2023 UPM-Kymmene Oyj Earnings Call Transcript

Jul 25, 2023 / 10:15AM GMT
Release Date Price: $32.71 (+3.12%)
Jussi Pesonen
UPM-Kymmene Oyj - President & CEO

Ladies and gentlemen, dear audience, welcome to UPM's Second Quarter 2023 Result Webcast. My name is Jussi Pesonen, I am the CEO of UPM. I'm here with UPM's CFO, Tapio Korpeinen.

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

Hi to everyone.

Jussi Pesonen
UPM-Kymmene Oyj - President & CEO

Ladies and gentlemen, we will today cover 3 main topics. First, we will discuss the second quarter results and the outlook. Continued low volumes, significant lower pulp and energy prices and high maintenance activity resulted in exceptionally low second quarter results. However, we expect deliveries to improve and variable costs to decrease in the second half of 2023.

Second topic, we will discuss some of our measures to improve competitiveness. As of today, we have implemented and planned actions in place to reduce our graphic paper capacity by 18% during 2023 and reduce the number of employees by 8% compared to autumn 2022,

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot