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
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Q4 2023 UPM-Kymmene Oyj Earnings Call Transcript

Feb 01, 2024 / 11:15AM GMT
Release Date Price: $32.7 (-9.57%)
Massimo Reynaudo
UPM-Kymmene Oyj - President & CEO

Good morning, good afternoon. Welcome to the UPM 2023 Results Webcast. My name is Massimo Reynaudo. I'm the CEO of UPM. Here with me is Tapio Korpeinen, CFO of UPM.

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

Hello to everyone on the line.

Massimo Reynaudo
UPM-Kymmene Oyj - President & CEO

This is my first presentation of the results after I took over the current position at the beginning of the year. I'm very happy to be here today, and I look forward to the possibility to meet you personally during the next weeks and months. But now let's get to the results. All in all, we delivered a solid performance, solid results for the full year 2023 in a challenging operating environment. During the first half of the year, we had to cope with an exceptionally sharp downturn, especially in the European markets.

Consumer product markets slowed down and unprecedented destocking affected the deliveries of most products well

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