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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Q3 2024 UPM-Kymmene Oyj Earnings Call Transcript

Oct 29, 2024 / 11:15AM GMT
Release Date Price: $30.53 (-2.28%)
Massimo Reynaudo
UPM-Kymmene Oyj - President, Chief Executive Officer, Member of the Group Executive Team

Hello everyone. Welcome to UPM's quarter three, 2024 results webcast. My name is Massimo Reinaudo. I am the CEO of UPM. Here with me is Stapio Corpainan, the CFO.

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

Hi to everyone on the line.

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

Together we will illustrate the main elements of the UPM performance last quarter and year to-date. Let me start with the key elements that characterize the quarter. Our Q3 results improved both year on year and quarter on quarter, with a good contribution from the fully ramped up Paso de los Toros pulp mill.

The earnings improvement, albeit good, was lower than earlier expected, as the market demand of our products slowed down after a strong start of the year. In this slower

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