UPM-Kymmene Oyj (OTCPK:UPMMY)
$ 27.635 -0.615 (-2.18%) 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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Half Year 2024 UPM-Kymmene Oyj Earnings Call Transcript

Jul 23, 2024 / 10:15AM GMT
Release Date Price: $32.77 (-4.10%)
Massimo Reynaudo
UPM-Kymmene Oyj - President, Chief Executive Officer, Member of the Group Executive Team

Hello, everyone. Welcome to UPM's quarter two 2024 results webcast. My name is Massimo Reynaudo. And I am the CEO of UPM. Here with me is Tapio Korpeinen, the CFO.

Tapio Korpeinen
UPM-Kymmene Oyj - Chief Financial Officer, Executive Vice President - UPM Energy, Member of the Group Executive Team

Hello, all on the line.

Massimo Reynaudo
UPM-Kymmene Oyj - President, Chief Executive Officer, Member of the Group Executive Team

We'll start by discussing the quarter two results and the outlook for 2024. And then, we'll cover a few strategic steps we have taken to accelerate our future growth.

In quarter two, our comparable EBIT increased by 60% from last year, in line with our expectations. To put this in the proper perspective, there are three main elements to look at. The market situation is the first. The demand for our products has clearly improved from last year. Although the recovery moderated

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