UPM-Kymmene Oyj（RPL）株式概要UPM-キュンメネ社（UPM-Kymmene Oyj）は、その子会社とともに、ヨーロッパ、北米、アジア、および国際的な森林ベースのバイオ産業に従事している。 詳細RPL ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長3/6過去の実績3/6財務の健全性4/6配当金4/6報酬当社が推定した公正価値より45.4%で取引されている 収益は年間20.77%増加すると予測されています 過去1年間で収益は78.7%増加しました リスク分析6.51%の配当は、利益やフリーキャッシュフローによって十分にカバーされていない 財務結果に影響を与える大きな一時的項目 すべてのリスクチェックを見るRPL Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW492,375 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINROAG492,375 investors already sharing narrativesYour Fair Value€Current Price€22.6922.8% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture012b2016201920222025202620282031Revenue €10.8bEarnings €610.0mAdvancedSet Fair ValueView all narrativesUPM-Kymmene Oyj 競合他社SymriseSymbol: XTRA:SY1Market cap: €12.5bEvonik IndustriesSymbol: XTRA:EVKMarket cap: €7.5bAurubisSymbol: XTRA:NDAMarket cap: €7.6bFuchsSymbol: XTRA:FPE3Market cap: €4.7b価格と性能株価の高値、安値、推移の概要UPM-Kymmene Oyj過去の株価現在の株価€22.6952週高値€27.8052週安値€21.83ベータ0.211ヶ月の変化-9.24%3ヶ月変化-15.11%1年変化-5.46%3年間の変化-17.28%5年間の変化-29.95%IPOからの変化31.54%最新ニュースお知らせ • Jun 20UPM Temporarily Shuts Down Kaukas Pulp Mill For Six Weeks And Plans Potential Temporary Shutdown Of Pietarsaari Pulp MillUPM announced that the UPM Kaukas pulp mill will be temporarily shut down as of August 3, 2026 for approximately six weeks. In addition, a potential temporary shutdown of the UPM Pietarsaari pulp mill is being planned for October. These shutdowns are intended to optimize production levels and wood sourcing and to ensure profitability in the current market and cost environments.Declared Dividend • May 21Dividend of €0.75 announcedDividend of €0.75 is the same as last year. Ex-date: 29th October 2026 Payment date: 6th November 2026 Dividend yield will be 5.9%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (147% earnings payout ratio) nor is it covered by cash flows (101% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 63% to bring the payout ratio under control. EPS is expected to grow by 75% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.お知らせ • May 10UPM Adhesive Materials Launches Upm Quickstick Receipt MaterialsUPM Adhesive Materials launches UPM QuickStick receipt materials, designed to help quick-service restaurants (QSRs) improve order accuracy and speed of servicing customers. It delivers reliable labeling performance across various food packaging surfaces, such as paper wraps, cardboard boxes, coated packaging, and plastic containers. The UPM QuickStick portfolio addresses performance needs from repositionable applications to high-adhesion solutions suitable for sealing. It gives QSRs the flexibility to choose the right material for their operations, powering efficient order handling, kitchen organization, and delivery packaging. In-house testing of UPM QuickStick receipts, conducted in collaboration with printer OEMs, shows fewer printer interruptions, reduced adhesive build-up, and consistent print quality. This allows restaurant teams to focus on serving customers and maintaining smooth operations rather than troubleshooting equipment. Selected products in the portfolio are certified as CarbonNeutral by Climate Impact Partners in accordance with The CarbonNeutral Protocol. This enables QSRs to take measurable climate action without sacrificing performance. UPM QuickStick adhesive technologies offer a broad range of performance, including Peel, Hold and Seal options. All options are available in multiple sizes to support different printers and restaurant workflows, giving restaurants flexibility to match their operational needs. UPM will officially unveil UPM QuickStick at the National Restaurant Association Show in Chicago, IL, USA, on May 16-19, 2026.お知らせ • May 07UPM Adhesive Materials Introduces New Portfolio of Label Solutions Designed for Packaging RecyclabilityUPM Adhesive Materials, a global supplier of high-performance self-adhesive products, introduced the new UPM ProCycle portfolio of recycling compatible label solutions. The portfolio brings together advanced adhesive technologies and circular products in a coherent offer, to help converters and packaging brand owners select solutions that deliver recognized recyclability performance. The label materials currently included in the portfolio are suited for rigid PET and HDPE packaging in beverage, food, and home and personal care applications. The adhesive technologies, such as wash-off, ensure that materials separate cleanly during mechanical plastic recycling, including washing and grinding, supporting high-quality recyclate. UPM ProCycle solutions are designed to deliver consistent adhesion, efficient converting and high print quality for plastics, fiber and glass packaging. All products in the portfolio are externally recognized as recycling compatible across packaging types and markets, and independent testing assures specific label functionalities, such as clean release. The portfolio will continue to expand with adhesive technologies and label products, addressing evolving circular packaging needs.お知らせ • Apr 10UPM-Kymmene Corporation Announces Board and Committee ChangesUPM-Kymmene Corporation announced that Martin á Porta was elected as the Deputy Chair of the Board of Directors at the Board of Directors' constitutive meeting held on April 9, 2026, following the Annual General Meeting. Piia Karhu were elected as Audit Committee members. Melanie Maas-Brunner and Magnus Groth were elected as Remuneration Committee members. Jari Gustafsson and Topi Manner were elected as Nomination and Governance Committee members.お知らせ • Apr 09+ 1 more updateUpm-Kymmene Corporation Approves Dividend for the Year Ended December 31, 2025, Payable on April 21, 2026 and November 6, 2026 RespectivelyUPM-Kymmene Corporation at the Annual General Meeting held on April 9, 2026 declared dividend of EUR 1.50 per share for the Year Ended December 31, 2025. The dividend will be paid in two instalments. The first dividend instalment of EUR 0.75 per share will be paid to shareholders who are registered in the shareholders' register of the company held by Euroclear Finland Oy on the record date of the first dividend instalment, April 13, 2026. The payment date for the first dividend instalment is April 21, 2026. The second dividend instalment of EUR 0.75 per share will be paid to shareholders who are registered in the shareholders' register of the company held by Euroclear Finland Oy on the record date of the second dividend instalment, October 30, 2026. The payment date for the second dividend instalment is November 6, 2026.最新情報をもっと見るRecent updatesお知らせ • Jun 20UPM Temporarily Shuts Down Kaukas Pulp Mill For Six Weeks And Plans Potential Temporary Shutdown Of Pietarsaari Pulp MillUPM announced that the UPM Kaukas pulp mill will be temporarily shut down as of August 3, 2026 for approximately six weeks. In addition, a potential temporary shutdown of the UPM Pietarsaari pulp mill is being planned for October. These shutdowns are intended to optimize production levels and wood sourcing and to ensure profitability in the current market and cost environments.Declared Dividend • May 21Dividend of €0.75 announcedDividend of €0.75 is the same as last year. Ex-date: 29th October 2026 Payment date: 6th November 2026 Dividend yield will be 5.9%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (147% earnings payout ratio) nor is it covered by cash flows (101% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 63% to bring the payout ratio under control. EPS is expected to grow by 75% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.お知らせ • May 10UPM Adhesive Materials Launches Upm Quickstick Receipt MaterialsUPM Adhesive Materials launches UPM QuickStick receipt materials, designed to help quick-service restaurants (QSRs) improve order accuracy and speed of servicing customers. It delivers reliable labeling performance across various food packaging surfaces, such as paper wraps, cardboard boxes, coated packaging, and plastic containers. The UPM QuickStick portfolio addresses performance needs from repositionable applications to high-adhesion solutions suitable for sealing. It gives QSRs the flexibility to choose the right material for their operations, powering efficient order handling, kitchen organization, and delivery packaging. In-house testing of UPM QuickStick receipts, conducted in collaboration with printer OEMs, shows fewer printer interruptions, reduced adhesive build-up, and consistent print quality. This allows restaurant teams to focus on serving customers and maintaining smooth operations rather than troubleshooting equipment. Selected products in the portfolio are certified as CarbonNeutral by Climate Impact Partners in accordance with The CarbonNeutral Protocol. This enables QSRs to take measurable climate action without sacrificing performance. UPM QuickStick adhesive technologies offer a broad range of performance, including Peel, Hold and Seal options. All options are available in multiple sizes to support different printers and restaurant workflows, giving restaurants flexibility to match their operational needs. UPM will officially unveil UPM QuickStick at the National Restaurant Association Show in Chicago, IL, USA, on May 16-19, 2026.お知らせ • May 07UPM Adhesive Materials Introduces New Portfolio of Label Solutions Designed for Packaging RecyclabilityUPM Adhesive Materials, a global supplier of high-performance self-adhesive products, introduced the new UPM ProCycle portfolio of recycling compatible label solutions. The portfolio brings together advanced adhesive technologies and circular products in a coherent offer, to help converters and packaging brand owners select solutions that deliver recognized recyclability performance. The label materials currently included in the portfolio are suited for rigid PET and HDPE packaging in beverage, food, and home and personal care applications. The adhesive technologies, such as wash-off, ensure that materials separate cleanly during mechanical plastic recycling, including washing and grinding, supporting high-quality recyclate. UPM ProCycle solutions are designed to deliver consistent adhesion, efficient converting and high print quality for plastics, fiber and glass packaging. All products in the portfolio are externally recognized as recycling compatible across packaging types and markets, and independent testing assures specific label functionalities, such as clean release. The portfolio will continue to expand with adhesive technologies and label products, addressing evolving circular packaging needs.お知らせ • Apr 10UPM-Kymmene Corporation Announces Board and Committee ChangesUPM-Kymmene Corporation announced that Martin á Porta was elected as the Deputy Chair of the Board of Directors at the Board of Directors' constitutive meeting held on April 9, 2026, following the Annual General Meeting. Piia Karhu were elected as Audit Committee members. Melanie Maas-Brunner and Magnus Groth were elected as Remuneration Committee members. Jari Gustafsson and Topi Manner were elected as Nomination and Governance Committee members.お知らせ • Apr 09+ 1 more updateUpm-Kymmene Corporation Approves Dividend for the Year Ended December 31, 2025, Payable on April 21, 2026 and November 6, 2026 RespectivelyUPM-Kymmene Corporation at the Annual General Meeting held on April 9, 2026 declared dividend of EUR 1.50 per share for the Year Ended December 31, 2025. The dividend will be paid in two instalments. The first dividend instalment of EUR 0.75 per share will be paid to shareholders who are registered in the shareholders' register of the company held by Euroclear Finland Oy on the record date of the first dividend instalment, April 13, 2026. The payment date for the first dividend instalment is April 21, 2026. The second dividend instalment of EUR 0.75 per share will be paid to shareholders who are registered in the shareholders' register of the company held by Euroclear Finland Oy on the record date of the second dividend instalment, October 30, 2026. The payment date for the second dividend instalment is November 6, 2026.お知らせ • Mar 16+ 1 more updateUPM -Kymmene Corporation and UPM Energy Announces Management ChangesUPM's Chief Financial Officer and Executive Vice President, UPM Energy Tapio Korpeinen has expressed his intent to retire from his positions and the UPM Group Executive Team at the end of 2026 after reaching his contractual retirement age and continue as Senior Advisor until mid-2027. The company has initiated the succession plans, and will search for successors for both the Chief Financial Officer and Executive Vice President, UPM Energy positions separately. Risto Penttinen has been appointed Executive Vice President, Transformation and member of the UPM's Group Executive Team as of April 13, 2026. He will report to Massimo Reynaudo, President and CEO. Risto Penttinen, born 1968, has a master's degree in international business. He has worked in various senior management roles at Fortum and Uniper in 2011-2024, also as a member of Fortum's executive team. Prior to this, he worked as a consultant and partner at McKinsey & Company for 14 years. He currently works as an independent consultant.お知らせ • Feb 05Upm-Kymmene Oyj Proposes Second Dividend Instalment, Payable on November 6, 2026UPM-Kymmene Oyj announced second dividend instalment, €0.75 per share, is proposed to be paid to shareholders registered in the Company’s register of shareholders maintained by Euroclear Finland Oy on the record date for the second dividend instalment, October 30, 2026. The Board proposes that the payment date for the second dividend instalment would be on November 6, 2026.お知らせ • Feb 04+ 3 more updatesUpm-Kymmene Oyj Announces Board ChangesUPM-Kymmene Oyj announced that Piia-Noora Kauppi and Kim Wahl have announced that they are not available for re-election.お知らせ • Dec 19UPM Discontinues Graphic Paper Production in EttringenIn spring 2025, UPM announced plans to permanently close its paper mill in Ettringen, Germany. The respective employee consultation process has been completed now. The closing impacts 189 employees. Following the closure, UPM’s uncoated mechanical paper production capacity will be reduced by 270.000 tonnes annually. Graphic paper production in Ettringen will be discontinued on December 31, 2025. To ensure safe conditions at the mill following the closure, an after-care team will be installed.お知らせ • Dec 12UPM Launches UPM Circular Renewable BlackUPM introduced UPM Circular Renewable BlackTM, a innovation that redefines the role of black as a color in sustainable packaging. UPM Circular RenewableBlack is the world's first bio-based, near-infrared (NIR) detectable, carbon-negative pigment, enabling premium packaging solutions that combine design excellence with full recyclability and a strong sustainability performance. For years, black packaging has been associated with recycling challenges as the conventionally used pigments are made from carbon black which inhibits NIR detection and makes the materials invisible to the sorting systems in recycling facilities. UPM Circular Renewability Black changes that narrative. UPM's new pigment is derived from renewable lignin and certified by third-party standards such as FSCTM, PEFC and ISCC Plus. It delivers iconic deep black color for premium aesthetics, full NIR detectability for efficient recycling and a carbon-negative footprint, supporting climate-positive brand solutions. UPM's Circular Renewable Black is part of UPM's portfolio of CO2-negative solutions to be produced at the company's E1.3 billion biorefinery in Leuna, Germany. The facility is the largest industrial-scale investment in biochemicals in Europe and converts sustainably sourced hardwood into next-generation biochemicals, enabling the transition from fossil-based to renewable materials across multiple industries. UPM Biochemicals offers innovative, sustainable and competitive wood-based biochemicals for replacing fossil-based raw materials and helping to improve the environmental performance in various applications. End-use segments for renewable glycols include textiles, PET bottles, packaging, coolants, composites, pharmaceuticals, cosmetics and detergents. Lignin-based Renewable Functional Fillers (RFF) offer a sustainable alternative to carbon black and precipitated silica in a broad range of rubber and plastic applications. UPM is building an industrial scale biorefinery inLeuna, Germany to convert solid wood into next generation biochemicals. UPM Biochemicals is accelerating the transition to a circular bioeconomy - where renewable feedstocks, sustainable production and sustainable consumption are the new normal.お知らせ • Dec 11+ 4 more updatesUPM-Kymmene Oyj to Report Q2, 2026 Results on Jul 23, 2026UPM-Kymmene Oyj announced that they will report Q2, 2026 results at 9:30 AM, E. Europe Standard Time on Jul 23, 2026お知らせ • Dec 04Upm Discontinues Label Materials Production in Nancy, FranceUPM announced to discontinue label materials production in Nancy, France. The Nancy site will continue as a slitting and distribution terminal offering best-in class service and lead time to UPM Adhesive Materials' customers. The consultation process with employee representatives was completed on November 12, 2025, according to French legislation and approved by the French authorities on November 28, 2025. The change will impact 79 employees. UPM offers support to employees to alleviate the effects of the staff reductions. These changes aim at supporting UPM Adhesive Materials' growth by improving the overall profitability of its operations and maximizing synergies. By centralizing production to more cost competitive factories, UPM will also improve its cost efficiency and the quality of its products.お知らせ • Nov 20UPM Launches Spruce LNG Spruce LNG Perwood to Response to Growing LNG Transportation DemandsUPM strengthens its position as a material supplier for liquefied natural gas (LNG) carriers and responds to increasing market demand by launching a new solution for the insulation elements of LNG cargo tanks, WISA®?-LNG Spruce plywood. The demand for LNG plywood is rapidly increasing and now spruce can be used as LNG plywood material without compromising the requirements set on the transportation of LNG. To ensure it meets the requirements for the highly regulated LNG applications, the WISA-LNG Sprucewood has been developed and extensively tested in collaboration with GTT (Gaztransport & Technigaz), a global leader in the transport and storage of liquefied gases and the owner of the technology. The first application for the newly launched product is in vessels built with Mark III membrane technology and the product is designed to complement WISA-LNG Birch plywood products. WISA-LNG Sp Spruce uses WISA®? BioBond gluing technology, which replaces at least 50% of the fossil-based phenol in the adhesive with lignin - nature's own adhesive. This innovation also reduces the product's carbon footprint. With its blend of sustainability and performance, plywood stands as a clear example of UPM's broad portfolio of innovative material solutions. UPM has been manufacturing plywood for LNG carriers for nearly 60 years. With the launch of the new product, manufactured at UPM Pellos Plywood Mills in Mikkeli, Finland, LNG plywood is now produced at three UPM mills, significantly increasing delivery capacity.お知らせ • Nov 05UPM Energy Commissions Grid-Balancing Ultracapacitor At Kuusankoski Hydropower PlantUPM Energy's ultracapacitor at the Kuusankoski hydropower plant is now operational. The six-megawatt device stores energy and provides balancing power to the electricity grid. The need for fast and flexible balancing power has increased with the growing use of renewable, weather-dependent forms of energy, such as wind and solar power. The investment, announced in August 2024, triple UPM's ultracapacitor capacity and further strengthens the ability of hydropower to balance the electricity grid quickly and efficiently. The ultracapacitor system can respond to the balancing needs of the electricity grid in a fraction of a second. Short-term energy storage provides additional capacity for balancing power production, which is increasingly important as the volatility of electricity production increases. Ultracapacitors are maintenance-free and have a significantly longer lifespan than batteries, making them ideal for sustainable energy solutions. The Kuusankoski ultracapacitor leverages modern digital solutions and automation to optimize the ultracapacitor and hydropower system performance. This ensures that balancing power can be provided to the grid efficiently and reliably. UPM Energy's first ultracapacitor was commissioned in 2022 at the Ontojoki hydropower plants. The plant was the world's first combination of a hydropower system and an ultracapacitor. UPM Energy plays a significant role in electricity generation in Finland as Finland's second largest electricity producer, with 99% of its electricity production being emission-free.お知らせ • Oct 31Upm-Kymmene Oyj Provides Earnings Guidance for the Second Half of 2025UPM-Kymmene Oyj provided earnings guidance for the second half of 2025. For the period, the company compared with H2 2024, UPM’s performance is expected to be held back by lower sales margins for pulp, lower deliveries of communication papers, and higher maintenance activity. Performance is expected to improve in the advanced materials businesses.お知らせ • Oct 30UPM Adhesive Materials Unveils a Global Showcase of Premium Performance Label Materials for Wine and SpiritsUPM Adhesive Materials unveils a curated collection of Premium Performance label materials for wine and spirits packaging. Each material has been selected for its advanced converting properties, exceptional performance in the wine and spirits sector and ability to elevate brand and consumer experience. The collection is featured in a new sample folder, available in European, North American, South American and Asia-Pacific markets. With the global premium alcoholic beverages market expected to experience a compound annual growth rate (CAGR) of 10.89% and reach $1.686 trillion by 2034i, it's clear why the global wine and spirits industry is increasingly focused on premiumization. As brands aim to differentiate their products through outstanding packaging designs and materials, UPM's new label material sample folder helps printers convey premium options to their customers. The folder showcases five label materials, each paired with a printed sample that demonstrates how UPM's materials perform with complex designs and rich embellishments. Alongside these, unprinted sheets with removable labels provide technical specifications and allow printers to test the adhesive performance and on-bottle application of the materials. These label materials are part of UPM's Premium Performance portfolio that is tested and trusted by partners across the value chain. Engineered to perform under demanding conditions, such as ice bucket submersion, they deliver high wet opacity, strong adhesion and moisture resistance. Pr printers can also count on secure supply and superior mechanical properties compatible with high-speed converting and print finishing. Value chain collaboration brings premium experience to life. To bring these materials to life, UPM partnered with design agencies worldwide to create five distinctive label designs for regionally significant alcoholic beverages. The designers were given free rein to express their cultural identity and interpretation of the premium experience. The featured designs include: Champagne, Italy: Robilant - Baijiu, China: Excel Design Shenzen - White wine, Australia: Denomination - Bourbon, USA: Dando Projects - Tequila, Argentina: Tridimage X Boldrini & Ficcardi X JVD X INFINITO X LIP. To execute these designs, UPM partnered with leading surface finish company, KURZ, and global producer of high-precision stamping tools, H+M, for hot stamping transfer materials and tooling, and Grafical for expert printing. Additional collaboration with expert producers of glass packaging and closures, Verallia and Vinolok, further underscores the strong value chain partnerships behind each label concept. Hot stamping transfer materials and tooled: Grafical.it - Bottles (excluding baijiu bottle): Selective Line, Verallia, selective-line.com. Closures: Vinolok, vinolok.com. Closures: Vinolok, Vinolok.com.お知らせ • Oct 04UPM-Kymmene Oyj Ends Paper Production in Kaukas - Employee Consultation Processes ConcludedEnd of July, UPM-Kymmene Oyj announced plans to permanently end paper production in Kaukas and to shift its coated mechanical paper production in Finland to UPM Rauma mill. The employee consultation processes have now been completed. Paper machine 1 in Kaukas will be permanently closed during Q4. The reduction of personnel is 220. Following the closure, coated mechanical paper production capacity will be reduced by 300.000 tonnes annually. UPM’s pulp, sawn timber and biofuels production and R&D activities at UPM Kaukas integrate will continue as before. To ensure safe conditions at the mill following the closure, an after-care team will be in place.お知らせ • Jul 29UPM-Kymmene Corporation Announces Executive ChangesUPM-Kymmene Corporation announced that Sami Pauni has been appointed Executive Vice President, General Counsel. He will be a member of UPM's Group Executive Team and report to Massimo Reynaudo, President and CEO. He will assume his role by January 24, 2026, at the latest. Sami Pauni, born 1974, joins UPM from Huhtamäki Oyj where he has held a variety of senior positions since 2006 in legal as well as in sustainability, corporate responsibility, risk management, and intellectual property. He has been a member of Huhtamäki's Global Executive Team since 2015, most recently in the position of EVP, Sustainability, Corporate Affairs and Legal. He holds a Master of Laws degree. He is a Finnish citizen and will be based in Helsinki, Finland. Sami Pauni succeeds Juha Mäkelä, who has reached his contractual retirement age after serving as UPM's Group General Counsel since 2005. Juha Mäkelä will continue in his current position until the end of 2025 and as Senior Adviser to the company during the first half of 2026 to ensure a smooth transition.お知らせ • Jul 25UPM-Kymmene Oyj Provides Earnings Guidance for the Second Half of 2025UPM-Kymmene Oyj provided earnings guidance for the second half of 2025. UPM's comparable EBIT in H2 2025 is expected to be approximately in the range of €425 million - €650 million (€413 million in H1 2025, and €709 million in H2 2024).お知らせ • May 27UPM to Discontinue the Rotterdam Biofuels Refinery ProjectUPM plans to discontinue the development of its potential second biomass-to-fuels refinery at the Port of Rotterdam. As a result, UPM plans to halt all engineering work related to the CAPEX investment in Rotterdam and to withdraw from all site-related commitments associated with the Rotterdam investment. At the same time, UPM will continue to seek growth in biofuels by advancing the development of proprietary technologies enabling the extension of feedstock options to other forms of competitive and sustainable biomass and the work related to the qualification and commercialization of Crude Tall Oil (CTO)-derived UPM biofuels forjet engine fuels. Aligned with this strategic direction, UPM is focusing on three targeted growth areas in its biofuels business: Evaluating the potential to debottleneck the Lappeenranta Biorefinery in order to capture low capex expansion opportunities and further leverage the strong market performance of CTO-derived biofuels. Enabling the qualification of CTO-derived UPM biofuels as Sustainable Aviation Fuel (SAF). This strategic direction is supported by successful SAF trials conducted with Austrian aircraft manufacturer Diamond Aircraft using Austro Engine propulsion, and by continued progress in the technical acceptance process at the American Society for Testing and Materials (ASTM), where results from trials and stakeholder reviews have been consistently positive. Continuing feedstock technology development to qualify and enable the use of additional competitive and sustainable biomass, supporting the cost-efficient production of high-quality biofuels for both road and aviation applications.お知らせ • Apr 17UPM Announces Executive ChangesUPM has appointed Tuija Suur-Hamari as the new head of the UPM Plywood business area. She will assume her new role no later than 1 November 2025 and will be a member of the UPM Group's Executive Team. Ms. Suur-Hamari will replace Susanna Rinne, who is acting as interim director of the UPM Plywood business area in addition to her current role as director of sales and customer experience at UPM Plywood.お知らせ • Mar 28Upm-Kymmene Corporation Approves Dividend for the Year 2024, Payable on 8 April 2025 and 7 November 2025 RespectivelyUPM-Kymmene Oyj in its Annual General Meeting was held on 27 March 2025 resolved on a dividend of EUR 1.50 per share for the financial period 2024. The dividend will be paid in two instalments. The first dividend instalment of EUR 0.75 per share will be paid to shareholders who are registered in the shareholders' register of the company held by Euroclear Finland Ltd. on the record date of the first dividend instalment, 31 March 2025. The payment date for the first dividend instalment is 8 April 2025. The second dividend instalment of EUR 0.75 per share will be paid to shareholders who are registered in the shareholders' register of the company held by Euroclear Finland Ltd. on the record date of the second dividend instalment, 31 October 2025. The payment date for the second dividend instalment is 7 November 2025.お知らせ • Feb 11UPM-Kymmene Oyj seeks Shareholder Approval to launch an Equity Buyback on February 10, 2025.UPM-Kymmene Corporation will seek shareholder approval for a share repurchase program at its Annual General Meeting to be held on February 10, 2025. Under the program, the company will repurchase up to 50,000,000 shares, representing 9.4% of its issued share capital. The authorization includes also the right to accept UPM's own shares as pledge. Repurchases will be made at the market price quoted at the time of purchase on the trading places where the company's shares or the certificates entitling to its shares are traded, using the company's distributable shareholders' equity. The own shares will be purchased in public trading otherwise than in proportion to the existing shareholdings of the company's shareholders. The shares will be acquired to be used for financing of possible acquisitions, investments or other business operations or as part of the company's incentive programs, or to be held by the company, transferred or cancelled. The share repurchase program is valid for 18 months. On February 5, 2025 , the company initiated a Market Repurchase. The company will repurchase up to 6,000,000 shares, representing 1.1% of its issued share capital for €160 million. The share buyback program shall commence on February 10, 2025 and is valid till May 31, 2025.お知らせ • Feb 08UPM-Kymmene Oyj to Report Fiscal Year 2024 Results between Mar 03, 2025 and Mar 07, 2025UPM-Kymmene Oyj announced that they will report fiscal year 2024 results at 10:00 AM, USSR Zone1 on between Mar 03, 2025 and Mar 07, 2025お知らせ • Feb 06UPM-Kymmene Oyj Provides Earnings Guidance for the First Half of 2025UPM-Kymmene Oyj provided earnings guidance for the first half of 2025. UPM's comparable EBIT in H1 2025 is expected to be approximately in the range of EUR 400-625 million (EUR 515 million in H1 2024). UPM's performance in H1 2025 is expected to benefit from higher delivery volumes and lower fixed costs, but be held back by lower sales margins, compared with H1 2024. The year 2025 starts with similar pulp prices and lower electricity price than 2024 started.お知らせ • Feb 05UPM-Kymmene Oyj Proposes Dividend in Two Instalments for the Financial Year Ended on 31 December 2024, Payable on 8 April 2025 and 7 November 2025UPM-Kymmene Oyj at its AGM to be held on March 27, 2025 proposed that an aggregate dividend of EUR 1.50 per share be paid based on the balance sheet to be adopted for the financial year ended on 31 December 2024, and that the remaining portion of the distributable funds be retained in the Company's non-restricted shareholders' equity. The Board proposes that the dividend be paid in two instalments. The first dividend instalment, EUR 0.75 per share, is proposed to be paid to shareholders registered in the Company's register of shareholders maintained by Euroclear Finland Oy on the record date for the first dividend instalment 31 March 2025. The Board proposes that the payment date for the first dividend instalment would be on 8 April 2025. The second dividend instalment, EUR 0.75 per share, is proposed to be paid to shareholders registered in the Company's register of shareholders maintained by Euroclear Finland Oy on the record date for the second dividend instalment 31 October 2025. The Board proposes that the payment date for the second dividend instalment would be on 7 November 2025.お知らせ • Dec 02UPM-Kymmene Corporation Announces Executive ChangesUPM-Kymmene Corporation announced that Susanna Rinne has been appointed as interim Executive Vice President of UPM Plywood business area, effective 1 January 2025. As announced earlier, the current Executive Vice President of UPM Plywood, Mika Kekki, has been appointed to lead the UPM Specialty Papers business area starting from the same date. Susanna Rinne (born in 1970) is currently Vice President, Strategy & Business Development, within the UPM Plywood business area. Prior her current position, she worked as Director, Marketing and Sales Development, at UPM Plywood and held several other managerial positions at UPM since 1995. She holds a master’s degree in mechanical wood technology. The recruitment process for the Executive Vice President position in the UPM Plywood business area is ongoing.New Risk • Nov 01New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 115% Cash payout ratio: 134% Minor Risk Large one-off items impacting financial results.お知らせ • Oct 30UPM-Kymmene Oyj, Annual General Meeting, Mar 27, 2025UPM-Kymmene Oyj, Annual General Meeting, Mar 27, 2025. Location: helsinki FinlandReported Earnings • Oct 30Third quarter 2024 earnings released: EPS: €0.44 (vs €0.049 loss in 3Q 2023)Third quarter 2024 results: EPS: €0.44 (up from €0.049 loss in 3Q 2023). Revenue: €2.55b (down 1.2% from 3Q 2023). Net income: €237.0m (up €263.0m from 3Q 2023). Profit margin: 9.3% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.お知らせ • Oct 29+ 2 more updatesUPM-Kymmene Oyj to Report Q1, 2025 Results on Apr 24, 2025UPM-Kymmene Oyj announced that they will report Q1, 2025 results at 9:30 AM, E. Europe Standard Time on Apr 24, 2025Upcoming Dividend • Oct 23Upcoming dividend of €0.75 per shareEligible shareholders must have bought the stock before 30 October 2024. Payment date: 07 November 2024. The company is paying out more than 100% of its profits and is paying out 97% of its cash flow. Trailing yield: 5.3%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.7%).お知らせ • Oct 18+ 1 more updateUPM-Kymmene Oyj Lowers Earnings Guidance for the Full Year of 2024UPM-Kymmene Oyj lowered earnings guidance for the full year of 2024. UPM’s comparable EBIT in full-year 2024 is expected to be on similar level or increase from 2023. Previously, the company expected its full-year 2024 comparable EBIT to increase from 2023.お知らせ • Oct 17UPM-Supported Removal of Migration Barriers in Joutsa and Lieksa CompletedThis summer, UPM's Stream Water Programme funded the removal of two fish migration barriers in Finland. The old dams were dismantled, and thbe riverbeds were restored. With the removal of the barriers, the Päijänne lake trout can now migrate up the Rutajoki, the Pielinen lake trout can now migrate up the Ala-Kelvänjoki, and the stream water habitats for other endangered species are improved. The restoration work on Seinäkoski in the Rutajoki River in Joutsa was completed in mid-September. The migration route from Rutajoki River to Lake Rutajärvi was restored by removing the dam at the Tammi mill. At the same time, the riverbed was restored, and new spawning areas were created. The restoration of the Rutajoki River was managed by the North Päijänne Fisheries District and implemented by the Central Finland Fisheries Centre. In addition to UPM Energy, the project was funded by the Ministry of Agriculture and Forestry's NOUSU programme, WWF and Metsähallitus. With the restoration, the name of the rapids has been changed, as the wall no longer exists after the dam was dismantled. Seinäkoski (Wall rapid in Finnish) is now called Tammenkoski (Oak's rapid). The restoration work on Ala-Kelvänjoki River in Lieksa was completed at the end of September. The old mill dam, which had been a barrier to migration in the Ala-Kelvänjoki, was removed and a new bottom dam was built while the rapids were restored. The project was carried out by the Vuonislahti sub-municipality and the Onni Turunen estate in cooperation with the North Savo ELY Centre. UPM Energy, Metsä Group, the WWF, the Olvi Foundation, the City of Lieksa and the Pielinen-Karelia Fishing Region were the financial backers of the project. In the same catchment area, UPM has restored a road culvert on the Korisevanjoki river at the headwaters of the Kelvänjoki river. The lower part of the road culvert was raised with boulders, so that fish and other stream water fauna can now move through the road culvert in both directions.Environmental DNA (eDNA) samples were taken from both the Korisevanjoki and the Ala-Kelvänjoki prior to the removal of the migration barriers. In a new collaboration project, new research methods will be used to study the effects of dam removal on water bodies.お知らせ • Sep 24UPM-Kymmene Oyj Appoints Harald Dialer as Executive Vice President, Technology and UPM BiorefiningHarald Dialer has been appointed Executive Vice President, Technology and UPM Biorefining. He will be a member of UPM’s Group Executive Team and report to Massimo Reynaudo, President and CEO. He will assume his role as of 1 January 2025. Harald Dialer, born 1970, joins UPM from HCS Group where he has held the position of Managing Director and Chief Commercial Officer since 2020. He has a Ph.D. in chemistry and extensive experience spanning over 25 years in specialty chemicals and renewables technologies at BASF, Süd-Chemie, Scientific Design Co. and Clariant, where he has held both business management and corporate roles. He is a German and Austrian citizen, and will be based in Augsburg, Germany. Harald Dialer succeeds Winfried Schaur who has expressed his intent to leave the company for private reasons. Winfried Schaur will continue in his current position until the end of 2024.お知らせ • Aug 23UPM Fibres Announces Appointment of Petri Hakanen as Senior Vice President, Effective 1 October 2024UPM Fibres announced as part of this organizational change, Petri Hakanen has been appointed Senior Vice President, Fibres Finland Operations, UPM Fibres as of 1 October 2024. Petri will be a member of the UPM Fibres Management team and he will report to Aki Temmes, Executive Vice President, UPM Fibres. Petri Hakanen led the Uruguay Development Project from 2018 to 2023, culminating in the start-up of UPM Paso de los Toros pulp mill in April 2023. He currently holds the role of Senior Vice President, Technology (CTO), for UPM and leads UPM's research and development activities and investment management. He will continue in this role until the end of 2024, in addition to his new role in UPM Fibres.Reported Earnings • Jul 24Second quarter 2024 earnings released: EPS: €0.049 (vs €0.15 in 2Q 2023)Second quarter 2024 results: EPS: €0.049 (down from €0.15 in 2Q 2023). Revenue: €2.55b (flat on 2Q 2023). Net income: €26.0m (down 67% from 2Q 2023). Profit margin: 1.0% (down from 3.0% in 2Q 2023). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.お知らせ • Jul 23UPM-Kymmene Corporation Provides Earnings Guidance for the Second Half and Full Year of 2024UPM-Kymmene Corporation provided earnings guidance for the second half and full year of 2024. For the second half, comparable EBIT is expected to be higher than in H1 2024. This improvement is expected to come especially from UPM Fibres, with the full pulp capacity available and pulp price levels starting at a higher level than at the start of the year. There are no major maintenance shutdowns scheduled for the company in H2 2024, whereas H1 2024 was impacted by unusually high maintenance activity and political strikes in Finland. UPM's full-year 2024 comparable EBIT is expected to increase from 2023, supported by higher delivery volumes, the ramp-up and optimisation of the UPM Paso de los Toros pulp mill, and lower fixed costs. Demand for many UPM products is expected to gradually improve as the destocking seen in 2023 is over. The market conditions for renewable fuels are expected to be weaker than last year. UPM continues to manage margins and take actions to reduce variable and fixed costs.お知らせ • Jun 28UPM-Kymmene Corporation Appoints Gunnar Eberhardt as Member of Group Executive TeamUPM-Kymmene Corporation announced Gunnar Eberhardt will be a member of UPM’s Group Executive Team and report to Massimo Reynaudo, President and CEO. He will start in his role in October 2024. Gunnar Eberhardt, born 1977, will join UPM from Henkel AG & Co. KGaA, where he has worked as Corporate Vice President, Adhesives Automotive OEM Business since April 2022. Prior to his current role he has held several sales, marketing, business unit and region head roles at Henkel and Osram since 2000. He has a Diploma in Industrial Engineering and an Executive Master’s degree in Innovation & Technology Management. He is a German citizen, and will be based in Augsburg, Germany.お知らせ • Jun 08UPM-Kymmene Oyj Appoints Mika Kekki as Interim Executive Vice President of UPM Communication Papers Business Area as of 1 August 2024UPM-Kymmene Oyj announced that Mika Kekki has been appointed to act as interim Executive Vice President of UPM Communication Papers business area as of 1 August 2024. He assumes this role on top of his current duties and continues in his current role as Executive Vice President of UPM Plywood business area. Mika Kekki’s biographical details are available at the company’s website. The recruitment process for the Executive Vice President of UPM Communication Papers business area is ongoing. As communicated on 13 March 2024, Antti Jääskeläinen, the current interim Executive Vice President of UPM Communication Papers business area and Executive Vice President, UPM Raflatac business area, will leave UPM to take the role of President and CEO in the Finnish logistics and distribution company Posti Group Oyj. He will continue with his duties at UPM until the end of July 2024.Reported Earnings • Apr 27First quarter 2024 earnings released: EPS: €0.51 (vs €0.33 in 1Q 2023)First quarter 2024 results: EPS: €0.51 (up from €0.33 in 1Q 2023). Revenue: €2.68b (down 3.9% from 1Q 2023). Net income: €272.0m (up 55% from 1Q 2023). Profit margin: 10% (up from 6.3% in 1Q 2023). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Apr 26+ 1 more updateUPM-Kymmene Corporation Provides Earnings Guidance for the First Half and Full Year of 2024UPM-Kymmene Corporation provided earnings guidance for the first half and full year of 2024. For the first half, the company expects comparable EBIT is expected to be lower than in second half of 2023, due to the timing of the energy-related refunds in fourth quarter of 2023 and unusually high maintenance activity in first half of 2024.For the full year, the company expects comparable EBIT is expected to increase from 2023, supported by higher delivery volumes, continued ramp-up and optimisation of the UPM Paso de los Toros pulp mill and lower fixed costs.Declared Dividend • Apr 07Dividend of €0.75 announcedShareholders will receive a dividend of €0.75. Ex-date: 30th October 2024 Payment date: 7th November 2024 Dividend yield will be 4.8%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (206% earnings payout ratio). However, it is covered by cash flows (67% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 129% to bring the payout ratio under control. EPS is expected to grow by 89% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.お知らせ • Apr 05UPM-Kymmene Corporation Approves the Appointment of Melanie Maas-Brunner as Director to the BoardUPM-Kymmene Corporation at its AGM held on April 4, 2024, approved the appointment of Melanie Maas-Brunner as a new director to the Board. The directors’ term of office will end upon the closure of the next AGM.お知らせ • Apr 04UPM-Kymmene Corporation Approves Dividend for the Year 2023, Payable on 16 April 2024 and 7 November 2024 RespectivelyUPM-Kymmene Corporation at its AGM held on April 4, 2024, approved dividend of EUR 1.50 per share for the year 2023. The dividend is paid in two instalments. The first dividend instalment, EUR 0.75 per share, is paid to shareholders registered in the Company’s register of shareholders maintained by Euroclear Finland Oy on the record date for the first dividend instalment on 8 April 2024. The payment date for the first dividend instalment is on 16 April 2024. The second dividend instalment, EUR 0.75 per share, is paid to shareholders registered in the Company's register of shareholders maintained by Euroclear Finland Oy on the record date for the second dividend instalment 31 October 2024. The payment date for the second dividend instalment is on 7 November 2024.Upcoming Dividend • Mar 29Upcoming dividend of €0.75 per shareEligible shareholders must have bought the stock before 05 April 2024. Payment date: 15 April 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.3%).Buy Or Sell Opportunity • Mar 28Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to €30.83. The fair value is estimated to be €38.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 8.6%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings are also forecast to grow by 24% per annum over the same time period.お知らせ • Mar 13UPM-Kymmene Corporation Announces Antti Jääskeläinen to Leave as Executive Vice President, Upm RaflatacUPM-Kymmene Corporation announced Antti Jääskeläinen, Executive Vice President, UPM Raflatac, will be leaving UPM to assume the role of President and CEO in the Finnish logistics and distribution company Posti Group Oyj. He will continue with his duties in UPM until the end of July 2024. Antti joined UPM in 2014 and was appointed to UPM’s Group Executive Team in 2016 with responsibility for UPM Raflatac Business Area. During recent months Antti has also held the interim responsibility for UPM Communication Papers Business Area. UPM will immediately initiate the process for selecting a new Executive Vice President for UPM Raflatac. The process for recruiting the successor for UPM Communication Papers is proceeding well and will be concluded in the coming few months.Reported Earnings • Mar 04Full year 2023 earnings released: EPS: €0.73 (vs €2.86 in FY 2022)Full year 2023 results: EPS: €0.73 (down from €2.86 in FY 2022). Revenue: €10.5b (down 11% from FY 2022). Net income: €388.0m (down 75% from FY 2022). Profit margin: 3.7% (down from 13% in FY 2022). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 01Full year 2023 earnings released: EPS: €0.73 (vs €2.86 in FY 2022)Full year 2023 results: EPS: €0.73 (down from €2.86 in FY 2022). Revenue: €10.7b (down 8.8% from FY 2022). Net income: €388.0m (down 75% from FY 2022). Profit margin: 3.6% (down from 13% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.お知らせ • Feb 01+ 1 more updateUPM-Kymmene Corporation Provides Earnings Guidance for the First Half and Full Year of 2024UPM-Kymmene Corporation provided earnings guidance for the first half and full year of 2024. For the first half, the company expects comparable EBIT is expected to be lower than in second half of 2023, due to the timing of the energy-related refunds in fourth quarter of 2023 and unusually high maintenance activity in first half of 2024.For the full year, the company expects comparable EBIT is expected to increase from 2023, supported by higher delivery volumes, continued ramp-up and optimisation of the UPM Paso de los Toros pulp mill and lower fixed costs.Buying Opportunity • Jan 17Now 21% undervaluedOver the last 90 days, the stock is up 4.0%. The fair value is estimated to be €43.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 2.6% per annum. Earnings is also forecast to grow by 28% per annum over the same time period.お知らせ • Jan 16UPM-Kymmene Oyj Announces Executive ChangesUPM-Kymmene Oyj announced Saara Tahvanainen has been appointed Executive Vice President responsible for UPM’s Stakeholder Relations, and member of UPM’s Group Executive Team. Stakeholder Relations covers communications, brand/marketing, corporate responsibility, and public affairs. She will start in the role latest on 15 July 2024. She will report to Massimo Reynaudo, President and CEO, and will be based in Helsinki, Finland. Saara Tahvanainen, born 1974, is currently Executive Vice President, Marketing and Communications of Wärtsilä Corporation.?Prior to that she was responsible for stakeholder relations in UPM Fibres Business Area for five years. She has a versatile industry background from telecommunications to stainless steel and forest industry.? Saara Tahvanainen holds a master’s degree in communications. She is a Finnish citizen. Saara Tahvanainen’s predecessor Pirkko Harrela has reached her contractual retirement age and will retire after a 38-year career in UPM and preceding companies. She will continue with her duties in UPM until end of March 2024.お知らせ • Jan 02Heinzel Holding GmbH acquired Upm-Kymmene Austria Gmbh from UPM-Kymmene Oyj (HLSE:UPM).Heinzel Holding GmbH signed a share purchase agreement to acquire Upm-Kymmene Austria Gmbh from UPM-Kymmene Oyj (HLSE:UPM) on June 21, 2022. The transaction is expected to close on January 1, 2024. The transaction is subject to approvals from relevant competition authorities. Heinzel Holding GmbH completed the acquisition of Upm-Kymmene Austria Gmbh from UPM-Kymmene Oyj (HLSE:UPM) on January 1, 2024.Buying Opportunity • Nov 10Now 20% undervaluedOver the last 90 days, the stock is up 9.8%. The fair value is estimated to be €40.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings is also forecast to grow by 27% per annum over the same time period.お知らせ • Nov 03Upm-Kymmene Oyj Appoints Tomi Sederholm as Senior Vice President, Business Control and Finance Operations, Effective December 1, 2023UPM-Kymmene Oyj appointed Tomi Sederholm as Senior Vice President, UPM Business Control and Finance Operations as of 1 December 2023. He reports to Tapio Korpeinen, Chief Financial Officer, UPM, and he is based in Helsinki, Finland. Tomi Sederholm has been working for UPM since 2008 and is currently Vice President, Business Control, UPM Fibres. Earlier he has led Strategy and Business Control at UPM Energy. He is also the Chairman of the Audit Committee of the Board of Directors in Pohjolan Voima Oyj. Tomi Sederholm holds a master’s degree in economics, and he has also participated in executive leadership programs in Harvard Business School and Singularity University.お知らせ • Oct 26UPM-Kymmene Oyj Announces Second Instalment of Dividend, Payable on 2 November 2023UPM-Kymmene Oyj announced the first instalment of EUR 0.75 per share was paid on 21 April 2023 and the second instalment of EUR 0.75 per share will be paid on 2 November 2023.New Risk • Oct 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.4% Last year net profit margin: 12% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (110% payout ratio). Profit margins are more than 30% lower than last year (6.4% net profit margin).Reported Earnings • Oct 26Third quarter 2023 earnings released: €0.05 loss per share (vs €1.15 profit in 3Q 2022)Third quarter 2023 results: €0.05 loss per share (down from €1.15 profit in 3Q 2022). Revenue: €2.67b (down 22% from 3Q 2022). Net loss: €26.0m (down 104% from profit in 3Q 2022). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 25+ 6 more updatesUPM-Kymmene Oyj to Report Q1, 2024 Results on Apr 25, 2024UPM-Kymmene Oyj announced that they will report Q1, 2024 results at 9:30 AM, E. Europe Standard Time on Apr 25, 2024お知らせ • Oct 24UPM-Kymmene Oyj Provides Earnings Guidance for the Second Half and Full Year of 2023UPM-Kymmene Oyj provided earnings guidance for the second half and full year of 2023. UPM’s comparable EBIT in H2 2023 is expected to be on similar level or increase compared to H1 2023. Full-year 2023 comparable EBIT is expected to decrease from 2022.Buying Opportunity • Oct 19Now 22% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be €40.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 0.9% per annum. Earnings is also forecast to grow by 13% per annum over the same time period.Upcoming Dividend • Oct 18Upcoming dividend of €0.75 per share at 4.5% yieldEligible shareholders must have bought the stock before 25 October 2023. Payment date: 02 November 2023. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (5.2%).Buying Opportunity • Oct 05Now 20% undervaluedOver the last 90 days, the stock is up 17%. The fair value is estimated to be €40.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 1.0% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.お知らせ • Aug 25Upm-Kymmene Oyj Appoints Aki Temmes as Executive Vice President for Upm Fibres Business Area as of 1 December 2023UPM-Kymmene Oyj announced thsatAki Temmes has been appointed Executive Vice President responsible for UPM Fibres Business Area as of 1 December 2023. He will report to Jussi Pesonen, President and CEO and be based in Helsinki, Finland. Aki Temmes is currently Senior Vice President, Business Control and Finance?Operations.?Prior to that he was responsible for UPM’s Timber business and UPM Fibres Business Area Business Control. ?He joined UPM in 2003 and has held multiple roles in number of business finance positions in Finland and France. Aki Temmes holds a master’s degree in accounting and finance?and an Executive MBA. He is a Finnish citizen.お知らせ • Jul 25Upm-Kymmene Oyj Provides Earnings Outlook for the Second Half and Full-Year 2023UPM-Kymmene Oyj provided earnings outlook for the second half and Full-year 2023. For the second half, the company's comparable EBIT in H2 2023 is expected to be on similar level or increase compared to H1 2023.For the Full-year, the company's comparable EBIT is expected to decrease from 2022.お知らせ • Jun 29UPM Decides to Close 485,000 Tonnes of Graphic Paper Capacity in EuropeUPM has decided to close 485,000 tonnes of graphic paper capacity in Europe. The company permanently closes paper machine 6 at UPM Schongau, Germany and paper machine 4 at UPM Steyrermühl, Austria. The decision is based on the plans announced in June 2022 and in March 2023. The employee consultation process in Schongau was conducted in line with local legislations and has now been finalized. The number of persons affected is 136 for the site. The uncoated publication paper machine 6 will be permanently closed today. UPM Schongau continues graphic paper production on the remaining cost-competitive machines. UPM Communication Papers ended the newspaper production at its Steyrermühl mill today. As already communicated in March 2023 we thereby accelerate the plans to ensure competitive production at remaining newsprint paper machines in Europe. This decision will have no impact on the plans for the Steyrermühl site and its employees as communicated on 21 June 2022.New Risk • Jun 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.お知らせ • Jun 08Upm-Kymmene Oyj Appoints Petri Hakanen as Senior Vice President Technology, Effective 1 August 2023Petri Hakanen has been appointed Senior Vice President Technology (CTO) for UPM-Kymmene Oyj as of 1 August 2023. In his new role, Petri will report to Winfried Schaur, Executive Vice President, UPM Biorefining Technology and lead the company's research development, new business development as well as the investment management going forward. Petri Hakanen has been with UPM for almost 30 years in various senior management positions. During the past five years, he has been leading UPM's largest project ever, the new pulp mill and related infrastructures in Uruguay.お知らせ • May 12UPM-Kymmene Corporation Revises Earnings Guidance for the Full Year 2023UPM-Kymmene Corporation revises earnings guidance for the full year 2023. The company lowers its outlook for 2023. Comparable EBIT in H1 2023 is now expected to decrease from H1 2022. Full-year 2023 comparable EBIT is expected to decrease from 2022. Earlier, UPM expected comparable EBIT to increase in H1 2023 from H1 2022, and 2023 to be another year of strong financial performance.Reported Earnings • Apr 26First quarter 2023 earnings released: EPS: €0.33 (vs €0.25 in 1Q 2022)First quarter 2023 results: EPS: €0.33 (up from €0.25 in 1Q 2022). Revenue: €2.79b (up 11% from 1Q 2022). Net income: €176.0m (up 32% from 1Q 2022). Profit margin: 6.3% (up from 5.3% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Apr 06Upcoming dividend of €0.75 per share at 4.9% yieldEligible shareholders must have bought the stock before 13 April 2023. Payment date: 21 April 2023. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.5%).Reported Earnings • Feb 05Full year 2022 earnings released: EPS: €2.86 (vs €2.41 in FY 2021)Full year 2022 results: EPS: €2.86 (up from €2.41 in FY 2021). Revenue: €11.7b (up 19% from FY 2021). Net income: €1.53b (up 19% from FY 2021). Profit margin: 13% (in line with FY 2021). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 02+ 1 more updateUPM Renews its Dividend PolicyUPM’s Board of Directors has revised the company’s dividend policy to be based on earnings instead of cash flow. This aligns the dividend policy with the company’s transformative growth strategy. The new dividend policy is: “UPM aims to pay attractive dividends, targeting at least half of the comparable earnings per share over time.”. The previous dividend policy was: “UPM aims to pay attractive dividends, targeting a dividend of 30-40% of the operating cash flow per share.”. Effective capital allocation is key to attractive long-term returns, as well as developing the business portfolio in areas with the best long-term value creation potential. At UPM, capital allocation decisions take place at the corporate level. Dividends are an integral part of capital allocation. UPM plans to allocate capital to: Invest to grow the company and its earnings. UPM invests in sustainable businesses with strong long-term fundamentals for demand growth and a clear competitive advantage or high barrier to entry for superior returns. UPM targets growth in comparable EBIT and comparable return on equity exceeding 10%. Each business area has its own return targets. Pay attractive dividends. UPM aims to pay attractive dividends, targeting at least half of the comparable earnings per share over time. The targeted earnings growth drives dividend growth over time.Maintain a strong balance sheet. According to UPM’s leverage policy, net debt to EBITDA ratio is to be less than 2. An investment grade rating is an important element in the financing strategy. Share buybacks. They are a complementing tool that may be used relative to investment opportunities and company valuation.Reported Earnings • Oct 26Third quarter 2022 earnings released: EPS: €1.15 (vs €0.92 in 3Q 2021)Third quarter 2022 results: EPS: €1.15 (up from €0.92 in 3Q 2021). Revenue: €3.47b (up 37% from 3Q 2021). Net income: €611.0m (up 25% from 3Q 2021). Profit margin: 18% (down from 19% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 6% per year.お知らせ • Oct 26+ 2 more updatesUPM-Kymmene Oyj to Report Q1, 2023 Results on Apr 25, 2023UPM-Kymmene Oyj announced that they will report Q1, 2023 results at 9:30 AM, E. Europe Standard Time on Apr 25, 2023株主還元RPLDE ForestryDE 市場7D-4.0%-2.7%1.7%1Y-5.5%-12.8%2.6%株主還元を見る業界別リターン: RPL過去 1 年間で-12.8 % の収益を上げたGerman Forestry業界を上回りました。リターン対市場: RPLは、過去 1 年間で2.6 % のリターンを上げたGerman市場を下回りました。価格変動Is RPL's price volatile compared to industry and market?RPL volatilityRPL Average Weekly Movement3.0%Forestry Industry Average Movement3.9%Market Average Movement5.6%10% most volatile stocks in DE Market12.8%10% least volatile stocks in DE Market2.7%安定した株価: RPL 、 German市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: RPLの 週次ボラティリティ ( 3% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト187114,801Massimo Reynaudowww.upm.comUPM-Kymmene Oyj はその子会社とともに、欧州、北米、アジア、および国際的な森林ベースのバイオインダストリー事業に従事している。UPMファイバー、UPMエネルギー、UPMラフラタック、UPM特殊紙、UPMコミュニケーション紙、UPM合板、その他事業部門を通じて事業を展開している。同社は、ティッシュペーパー、特殊紙、グラフィック紙、パッケージング向けに針葉樹、バーチ材、ユーカリパルプを、建具、パッケージング、家具、プランニング、建設業界向けに製材を、輸送や石油化学業界向けに木材ベースの再生可能ディーゼルや再生可能ナフサを提供している。また、水力発電所、火力発電所、原子力発電所による発電も行っている。さらに同社は、食品、飲料、パーソナルケア、医薬品、物流分野におけるブランディング・プロモーション、情報、機能性ラベリング用の自己粘着性ラベル材料、ラベリング・包装材料、およびラベリング、商業用シリコンライジング、包装、事務用、印刷、広告、出版、家庭用の事務用紙・グラフィック用紙を提供している。さらに、建築、車両床材、液化天然ガス造船、寄木細工製造、その他の産業用途向けの合板および単板製品、森林投資家および森林所有者向けの木材および木質バイオマス、林業サービス、臨床およびライフサイエンス用途向けのナノフィブリルセルロースなどのバイオメディカル製品、産業用途向けの木質系リグニン製品、化石系原料を代替する木質系バイオケミカル、UPM ProFiデッキ製品およびUPM formi顆粒を提供している。また、財務ポートフォリオ管理サービスも提供している。同社は流通業者や産業ユーザー、出版社、カタログ業者、小売業者、印刷会社、商社、コンバーター、ラベル原紙メーカー、ラベル印刷業者、ブランドオーナー、ティッシュ、ボード、特殊紙、グラフィック紙のメーカーにサービスを提供している。UPM-Kymmene Oyj は1871 年に設立され、本社はフィンランドのヘルシンキにある。もっと見るUPM-Kymmene Oyj 基礎のまとめUPM-Kymmene Oyj の収益と売上を時価総額と比較するとどうか。RPL 基礎統計学時価総額€12.15b収益（TTM）€538.00m売上高(TTM)€9.52b22.6xPER（株価収益率1.3xP/SレシオRPL は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計RPL 損益計算書（TTM）収益€9.52b売上原価€8.44b売上総利益€1.07bその他の費用€533.00m収益€538.00m直近の収益報告Mar 31, 2026次回決算日Jul 23, 2026一株当たり利益（EPS）1.02グロス・マージン11.26%純利益率5.65%有利子負債／自己資本比率35.4%RPL の長期的なパフォーマンスは？過去の実績と比較を見る配当金6.5%現在の配当利回り147%配当性向RPL 配当は確実ですか？RPL 配当履歴とベンチマークを見るRPL 、いつまでに購入すれば配当金を受け取れますか？UPM-Kymmene Oyj 配当日配当落ち日Oct 29 2026配当支払日Nov 06 2026配当落ちまでの日数117 days配当支払日までの日数125 daysRPL 配当は確実ですか？RPL 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/02 10:46終値2026/07/02 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋UPM-Kymmene Oyj 14 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。27 アナリスト機関null nullABG Sundal CollierPallav MittalBarclaysRamchandra KamathBarclays24 その他のアナリストを表示
お知らせ • Jun 20UPM Temporarily Shuts Down Kaukas Pulp Mill For Six Weeks And Plans Potential Temporary Shutdown Of Pietarsaari Pulp MillUPM announced that the UPM Kaukas pulp mill will be temporarily shut down as of August 3, 2026 for approximately six weeks. In addition, a potential temporary shutdown of the UPM Pietarsaari pulp mill is being planned for October. These shutdowns are intended to optimize production levels and wood sourcing and to ensure profitability in the current market and cost environments.
Declared Dividend • May 21Dividend of €0.75 announcedDividend of €0.75 is the same as last year. Ex-date: 29th October 2026 Payment date: 6th November 2026 Dividend yield will be 5.9%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (147% earnings payout ratio) nor is it covered by cash flows (101% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 63% to bring the payout ratio under control. EPS is expected to grow by 75% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
お知らせ • May 10UPM Adhesive Materials Launches Upm Quickstick Receipt MaterialsUPM Adhesive Materials launches UPM QuickStick receipt materials, designed to help quick-service restaurants (QSRs) improve order accuracy and speed of servicing customers. It delivers reliable labeling performance across various food packaging surfaces, such as paper wraps, cardboard boxes, coated packaging, and plastic containers. The UPM QuickStick portfolio addresses performance needs from repositionable applications to high-adhesion solutions suitable for sealing. It gives QSRs the flexibility to choose the right material for their operations, powering efficient order handling, kitchen organization, and delivery packaging. In-house testing of UPM QuickStick receipts, conducted in collaboration with printer OEMs, shows fewer printer interruptions, reduced adhesive build-up, and consistent print quality. This allows restaurant teams to focus on serving customers and maintaining smooth operations rather than troubleshooting equipment. Selected products in the portfolio are certified as CarbonNeutral by Climate Impact Partners in accordance with The CarbonNeutral Protocol. This enables QSRs to take measurable climate action without sacrificing performance. UPM QuickStick adhesive technologies offer a broad range of performance, including Peel, Hold and Seal options. All options are available in multiple sizes to support different printers and restaurant workflows, giving restaurants flexibility to match their operational needs. UPM will officially unveil UPM QuickStick at the National Restaurant Association Show in Chicago, IL, USA, on May 16-19, 2026.
お知らせ • May 07UPM Adhesive Materials Introduces New Portfolio of Label Solutions Designed for Packaging RecyclabilityUPM Adhesive Materials, a global supplier of high-performance self-adhesive products, introduced the new UPM ProCycle portfolio of recycling compatible label solutions. The portfolio brings together advanced adhesive technologies and circular products in a coherent offer, to help converters and packaging brand owners select solutions that deliver recognized recyclability performance. The label materials currently included in the portfolio are suited for rigid PET and HDPE packaging in beverage, food, and home and personal care applications. The adhesive technologies, such as wash-off, ensure that materials separate cleanly during mechanical plastic recycling, including washing and grinding, supporting high-quality recyclate. UPM ProCycle solutions are designed to deliver consistent adhesion, efficient converting and high print quality for plastics, fiber and glass packaging. All products in the portfolio are externally recognized as recycling compatible across packaging types and markets, and independent testing assures specific label functionalities, such as clean release. The portfolio will continue to expand with adhesive technologies and label products, addressing evolving circular packaging needs.
お知らせ • Apr 10UPM-Kymmene Corporation Announces Board and Committee ChangesUPM-Kymmene Corporation announced that Martin á Porta was elected as the Deputy Chair of the Board of Directors at the Board of Directors' constitutive meeting held on April 9, 2026, following the Annual General Meeting. Piia Karhu were elected as Audit Committee members. Melanie Maas-Brunner and Magnus Groth were elected as Remuneration Committee members. Jari Gustafsson and Topi Manner were elected as Nomination and Governance Committee members.
お知らせ • Apr 09+ 1 more updateUpm-Kymmene Corporation Approves Dividend for the Year Ended December 31, 2025, Payable on April 21, 2026 and November 6, 2026 RespectivelyUPM-Kymmene Corporation at the Annual General Meeting held on April 9, 2026 declared dividend of EUR 1.50 per share for the Year Ended December 31, 2025. The dividend will be paid in two instalments. The first dividend instalment of EUR 0.75 per share will be paid to shareholders who are registered in the shareholders' register of the company held by Euroclear Finland Oy on the record date of the first dividend instalment, April 13, 2026. The payment date for the first dividend instalment is April 21, 2026. The second dividend instalment of EUR 0.75 per share will be paid to shareholders who are registered in the shareholders' register of the company held by Euroclear Finland Oy on the record date of the second dividend instalment, October 30, 2026. The payment date for the second dividend instalment is November 6, 2026.
お知らせ • Jun 20UPM Temporarily Shuts Down Kaukas Pulp Mill For Six Weeks And Plans Potential Temporary Shutdown Of Pietarsaari Pulp MillUPM announced that the UPM Kaukas pulp mill will be temporarily shut down as of August 3, 2026 for approximately six weeks. In addition, a potential temporary shutdown of the UPM Pietarsaari pulp mill is being planned for October. These shutdowns are intended to optimize production levels and wood sourcing and to ensure profitability in the current market and cost environments.
Declared Dividend • May 21Dividend of €0.75 announcedDividend of €0.75 is the same as last year. Ex-date: 29th October 2026 Payment date: 6th November 2026 Dividend yield will be 5.9%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (147% earnings payout ratio) nor is it covered by cash flows (101% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 63% to bring the payout ratio under control. EPS is expected to grow by 75% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
お知らせ • May 10UPM Adhesive Materials Launches Upm Quickstick Receipt MaterialsUPM Adhesive Materials launches UPM QuickStick receipt materials, designed to help quick-service restaurants (QSRs) improve order accuracy and speed of servicing customers. It delivers reliable labeling performance across various food packaging surfaces, such as paper wraps, cardboard boxes, coated packaging, and plastic containers. The UPM QuickStick portfolio addresses performance needs from repositionable applications to high-adhesion solutions suitable for sealing. It gives QSRs the flexibility to choose the right material for their operations, powering efficient order handling, kitchen organization, and delivery packaging. In-house testing of UPM QuickStick receipts, conducted in collaboration with printer OEMs, shows fewer printer interruptions, reduced adhesive build-up, and consistent print quality. This allows restaurant teams to focus on serving customers and maintaining smooth operations rather than troubleshooting equipment. Selected products in the portfolio are certified as CarbonNeutral by Climate Impact Partners in accordance with The CarbonNeutral Protocol. This enables QSRs to take measurable climate action without sacrificing performance. UPM QuickStick adhesive technologies offer a broad range of performance, including Peel, Hold and Seal options. All options are available in multiple sizes to support different printers and restaurant workflows, giving restaurants flexibility to match their operational needs. UPM will officially unveil UPM QuickStick at the National Restaurant Association Show in Chicago, IL, USA, on May 16-19, 2026.
お知らせ • May 07UPM Adhesive Materials Introduces New Portfolio of Label Solutions Designed for Packaging RecyclabilityUPM Adhesive Materials, a global supplier of high-performance self-adhesive products, introduced the new UPM ProCycle portfolio of recycling compatible label solutions. The portfolio brings together advanced adhesive technologies and circular products in a coherent offer, to help converters and packaging brand owners select solutions that deliver recognized recyclability performance. The label materials currently included in the portfolio are suited for rigid PET and HDPE packaging in beverage, food, and home and personal care applications. The adhesive technologies, such as wash-off, ensure that materials separate cleanly during mechanical plastic recycling, including washing and grinding, supporting high-quality recyclate. UPM ProCycle solutions are designed to deliver consistent adhesion, efficient converting and high print quality for plastics, fiber and glass packaging. All products in the portfolio are externally recognized as recycling compatible across packaging types and markets, and independent testing assures specific label functionalities, such as clean release. The portfolio will continue to expand with adhesive technologies and label products, addressing evolving circular packaging needs.
お知らせ • Apr 10UPM-Kymmene Corporation Announces Board and Committee ChangesUPM-Kymmene Corporation announced that Martin á Porta was elected as the Deputy Chair of the Board of Directors at the Board of Directors' constitutive meeting held on April 9, 2026, following the Annual General Meeting. Piia Karhu were elected as Audit Committee members. Melanie Maas-Brunner and Magnus Groth were elected as Remuneration Committee members. Jari Gustafsson and Topi Manner were elected as Nomination and Governance Committee members.
お知らせ • Apr 09+ 1 more updateUpm-Kymmene Corporation Approves Dividend for the Year Ended December 31, 2025, Payable on April 21, 2026 and November 6, 2026 RespectivelyUPM-Kymmene Corporation at the Annual General Meeting held on April 9, 2026 declared dividend of EUR 1.50 per share for the Year Ended December 31, 2025. The dividend will be paid in two instalments. The first dividend instalment of EUR 0.75 per share will be paid to shareholders who are registered in the shareholders' register of the company held by Euroclear Finland Oy on the record date of the first dividend instalment, April 13, 2026. The payment date for the first dividend instalment is April 21, 2026. The second dividend instalment of EUR 0.75 per share will be paid to shareholders who are registered in the shareholders' register of the company held by Euroclear Finland Oy on the record date of the second dividend instalment, October 30, 2026. The payment date for the second dividend instalment is November 6, 2026.
お知らせ • Mar 16+ 1 more updateUPM -Kymmene Corporation and UPM Energy Announces Management ChangesUPM's Chief Financial Officer and Executive Vice President, UPM Energy Tapio Korpeinen has expressed his intent to retire from his positions and the UPM Group Executive Team at the end of 2026 after reaching his contractual retirement age and continue as Senior Advisor until mid-2027. The company has initiated the succession plans, and will search for successors for both the Chief Financial Officer and Executive Vice President, UPM Energy positions separately. Risto Penttinen has been appointed Executive Vice President, Transformation and member of the UPM's Group Executive Team as of April 13, 2026. He will report to Massimo Reynaudo, President and CEO. Risto Penttinen, born 1968, has a master's degree in international business. He has worked in various senior management roles at Fortum and Uniper in 2011-2024, also as a member of Fortum's executive team. Prior to this, he worked as a consultant and partner at McKinsey & Company for 14 years. He currently works as an independent consultant.
お知らせ • Feb 05Upm-Kymmene Oyj Proposes Second Dividend Instalment, Payable on November 6, 2026UPM-Kymmene Oyj announced second dividend instalment, €0.75 per share, is proposed to be paid to shareholders registered in the Company’s register of shareholders maintained by Euroclear Finland Oy on the record date for the second dividend instalment, October 30, 2026. The Board proposes that the payment date for the second dividend instalment would be on November 6, 2026.
お知らせ • Feb 04+ 3 more updatesUpm-Kymmene Oyj Announces Board ChangesUPM-Kymmene Oyj announced that Piia-Noora Kauppi and Kim Wahl have announced that they are not available for re-election.
お知らせ • Dec 19UPM Discontinues Graphic Paper Production in EttringenIn spring 2025, UPM announced plans to permanently close its paper mill in Ettringen, Germany. The respective employee consultation process has been completed now. The closing impacts 189 employees. Following the closure, UPM’s uncoated mechanical paper production capacity will be reduced by 270.000 tonnes annually. Graphic paper production in Ettringen will be discontinued on December 31, 2025. To ensure safe conditions at the mill following the closure, an after-care team will be installed.
お知らせ • Dec 12UPM Launches UPM Circular Renewable BlackUPM introduced UPM Circular Renewable BlackTM, a innovation that redefines the role of black as a color in sustainable packaging. UPM Circular RenewableBlack is the world's first bio-based, near-infrared (NIR) detectable, carbon-negative pigment, enabling premium packaging solutions that combine design excellence with full recyclability and a strong sustainability performance. For years, black packaging has been associated with recycling challenges as the conventionally used pigments are made from carbon black which inhibits NIR detection and makes the materials invisible to the sorting systems in recycling facilities. UPM Circular Renewability Black changes that narrative. UPM's new pigment is derived from renewable lignin and certified by third-party standards such as FSCTM, PEFC and ISCC Plus. It delivers iconic deep black color for premium aesthetics, full NIR detectability for efficient recycling and a carbon-negative footprint, supporting climate-positive brand solutions. UPM's Circular Renewable Black is part of UPM's portfolio of CO2-negative solutions to be produced at the company's E1.3 billion biorefinery in Leuna, Germany. The facility is the largest industrial-scale investment in biochemicals in Europe and converts sustainably sourced hardwood into next-generation biochemicals, enabling the transition from fossil-based to renewable materials across multiple industries. UPM Biochemicals offers innovative, sustainable and competitive wood-based biochemicals for replacing fossil-based raw materials and helping to improve the environmental performance in various applications. End-use segments for renewable glycols include textiles, PET bottles, packaging, coolants, composites, pharmaceuticals, cosmetics and detergents. Lignin-based Renewable Functional Fillers (RFF) offer a sustainable alternative to carbon black and precipitated silica in a broad range of rubber and plastic applications. UPM is building an industrial scale biorefinery inLeuna, Germany to convert solid wood into next generation biochemicals. UPM Biochemicals is accelerating the transition to a circular bioeconomy - where renewable feedstocks, sustainable production and sustainable consumption are the new normal.
お知らせ • Dec 11+ 4 more updatesUPM-Kymmene Oyj to Report Q2, 2026 Results on Jul 23, 2026UPM-Kymmene Oyj announced that they will report Q2, 2026 results at 9:30 AM, E. Europe Standard Time on Jul 23, 2026
お知らせ • Dec 04Upm Discontinues Label Materials Production in Nancy, FranceUPM announced to discontinue label materials production in Nancy, France. The Nancy site will continue as a slitting and distribution terminal offering best-in class service and lead time to UPM Adhesive Materials' customers. The consultation process with employee representatives was completed on November 12, 2025, according to French legislation and approved by the French authorities on November 28, 2025. The change will impact 79 employees. UPM offers support to employees to alleviate the effects of the staff reductions. These changes aim at supporting UPM Adhesive Materials' growth by improving the overall profitability of its operations and maximizing synergies. By centralizing production to more cost competitive factories, UPM will also improve its cost efficiency and the quality of its products.
お知らせ • Nov 20UPM Launches Spruce LNG Spruce LNG Perwood to Response to Growing LNG Transportation DemandsUPM strengthens its position as a material supplier for liquefied natural gas (LNG) carriers and responds to increasing market demand by launching a new solution for the insulation elements of LNG cargo tanks, WISA®?-LNG Spruce plywood. The demand for LNG plywood is rapidly increasing and now spruce can be used as LNG plywood material without compromising the requirements set on the transportation of LNG. To ensure it meets the requirements for the highly regulated LNG applications, the WISA-LNG Sprucewood has been developed and extensively tested in collaboration with GTT (Gaztransport & Technigaz), a global leader in the transport and storage of liquefied gases and the owner of the technology. The first application for the newly launched product is in vessels built with Mark III membrane technology and the product is designed to complement WISA-LNG Birch plywood products. WISA-LNG Sp Spruce uses WISA®? BioBond gluing technology, which replaces at least 50% of the fossil-based phenol in the adhesive with lignin - nature's own adhesive. This innovation also reduces the product's carbon footprint. With its blend of sustainability and performance, plywood stands as a clear example of UPM's broad portfolio of innovative material solutions. UPM has been manufacturing plywood for LNG carriers for nearly 60 years. With the launch of the new product, manufactured at UPM Pellos Plywood Mills in Mikkeli, Finland, LNG plywood is now produced at three UPM mills, significantly increasing delivery capacity.
お知らせ • Nov 05UPM Energy Commissions Grid-Balancing Ultracapacitor At Kuusankoski Hydropower PlantUPM Energy's ultracapacitor at the Kuusankoski hydropower plant is now operational. The six-megawatt device stores energy and provides balancing power to the electricity grid. The need for fast and flexible balancing power has increased with the growing use of renewable, weather-dependent forms of energy, such as wind and solar power. The investment, announced in August 2024, triple UPM's ultracapacitor capacity and further strengthens the ability of hydropower to balance the electricity grid quickly and efficiently. The ultracapacitor system can respond to the balancing needs of the electricity grid in a fraction of a second. Short-term energy storage provides additional capacity for balancing power production, which is increasingly important as the volatility of electricity production increases. Ultracapacitors are maintenance-free and have a significantly longer lifespan than batteries, making them ideal for sustainable energy solutions. The Kuusankoski ultracapacitor leverages modern digital solutions and automation to optimize the ultracapacitor and hydropower system performance. This ensures that balancing power can be provided to the grid efficiently and reliably. UPM Energy's first ultracapacitor was commissioned in 2022 at the Ontojoki hydropower plants. The plant was the world's first combination of a hydropower system and an ultracapacitor. UPM Energy plays a significant role in electricity generation in Finland as Finland's second largest electricity producer, with 99% of its electricity production being emission-free.
お知らせ • Oct 31Upm-Kymmene Oyj Provides Earnings Guidance for the Second Half of 2025UPM-Kymmene Oyj provided earnings guidance for the second half of 2025. For the period, the company compared with H2 2024, UPM’s performance is expected to be held back by lower sales margins for pulp, lower deliveries of communication papers, and higher maintenance activity. Performance is expected to improve in the advanced materials businesses.
お知らせ • Oct 30UPM Adhesive Materials Unveils a Global Showcase of Premium Performance Label Materials for Wine and SpiritsUPM Adhesive Materials unveils a curated collection of Premium Performance label materials for wine and spirits packaging. Each material has been selected for its advanced converting properties, exceptional performance in the wine and spirits sector and ability to elevate brand and consumer experience. The collection is featured in a new sample folder, available in European, North American, South American and Asia-Pacific markets. With the global premium alcoholic beverages market expected to experience a compound annual growth rate (CAGR) of 10.89% and reach $1.686 trillion by 2034i, it's clear why the global wine and spirits industry is increasingly focused on premiumization. As brands aim to differentiate their products through outstanding packaging designs and materials, UPM's new label material sample folder helps printers convey premium options to their customers. The folder showcases five label materials, each paired with a printed sample that demonstrates how UPM's materials perform with complex designs and rich embellishments. Alongside these, unprinted sheets with removable labels provide technical specifications and allow printers to test the adhesive performance and on-bottle application of the materials. These label materials are part of UPM's Premium Performance portfolio that is tested and trusted by partners across the value chain. Engineered to perform under demanding conditions, such as ice bucket submersion, they deliver high wet opacity, strong adhesion and moisture resistance. Pr printers can also count on secure supply and superior mechanical properties compatible with high-speed converting and print finishing. Value chain collaboration brings premium experience to life. To bring these materials to life, UPM partnered with design agencies worldwide to create five distinctive label designs for regionally significant alcoholic beverages. The designers were given free rein to express their cultural identity and interpretation of the premium experience. The featured designs include: Champagne, Italy: Robilant - Baijiu, China: Excel Design Shenzen - White wine, Australia: Denomination - Bourbon, USA: Dando Projects - Tequila, Argentina: Tridimage X Boldrini & Ficcardi X JVD X INFINITO X LIP. To execute these designs, UPM partnered with leading surface finish company, KURZ, and global producer of high-precision stamping tools, H+M, for hot stamping transfer materials and tooling, and Grafical for expert printing. Additional collaboration with expert producers of glass packaging and closures, Verallia and Vinolok, further underscores the strong value chain partnerships behind each label concept. Hot stamping transfer materials and tooled: Grafical.it - Bottles (excluding baijiu bottle): Selective Line, Verallia, selective-line.com. Closures: Vinolok, vinolok.com. Closures: Vinolok, Vinolok.com.
お知らせ • Oct 04UPM-Kymmene Oyj Ends Paper Production in Kaukas - Employee Consultation Processes ConcludedEnd of July, UPM-Kymmene Oyj announced plans to permanently end paper production in Kaukas and to shift its coated mechanical paper production in Finland to UPM Rauma mill. The employee consultation processes have now been completed. Paper machine 1 in Kaukas will be permanently closed during Q4. The reduction of personnel is 220. Following the closure, coated mechanical paper production capacity will be reduced by 300.000 tonnes annually. UPM’s pulp, sawn timber and biofuels production and R&D activities at UPM Kaukas integrate will continue as before. To ensure safe conditions at the mill following the closure, an after-care team will be in place.
お知らせ • Jul 29UPM-Kymmene Corporation Announces Executive ChangesUPM-Kymmene Corporation announced that Sami Pauni has been appointed Executive Vice President, General Counsel. He will be a member of UPM's Group Executive Team and report to Massimo Reynaudo, President and CEO. He will assume his role by January 24, 2026, at the latest. Sami Pauni, born 1974, joins UPM from Huhtamäki Oyj where he has held a variety of senior positions since 2006 in legal as well as in sustainability, corporate responsibility, risk management, and intellectual property. He has been a member of Huhtamäki's Global Executive Team since 2015, most recently in the position of EVP, Sustainability, Corporate Affairs and Legal. He holds a Master of Laws degree. He is a Finnish citizen and will be based in Helsinki, Finland. Sami Pauni succeeds Juha Mäkelä, who has reached his contractual retirement age after serving as UPM's Group General Counsel since 2005. Juha Mäkelä will continue in his current position until the end of 2025 and as Senior Adviser to the company during the first half of 2026 to ensure a smooth transition.
お知らせ • Jul 25UPM-Kymmene Oyj Provides Earnings Guidance for the Second Half of 2025UPM-Kymmene Oyj provided earnings guidance for the second half of 2025. UPM's comparable EBIT in H2 2025 is expected to be approximately in the range of €425 million - €650 million (€413 million in H1 2025, and €709 million in H2 2024).
お知らせ • May 27UPM to Discontinue the Rotterdam Biofuels Refinery ProjectUPM plans to discontinue the development of its potential second biomass-to-fuels refinery at the Port of Rotterdam. As a result, UPM plans to halt all engineering work related to the CAPEX investment in Rotterdam and to withdraw from all site-related commitments associated with the Rotterdam investment. At the same time, UPM will continue to seek growth in biofuels by advancing the development of proprietary technologies enabling the extension of feedstock options to other forms of competitive and sustainable biomass and the work related to the qualification and commercialization of Crude Tall Oil (CTO)-derived UPM biofuels forjet engine fuels. Aligned with this strategic direction, UPM is focusing on three targeted growth areas in its biofuels business: Evaluating the potential to debottleneck the Lappeenranta Biorefinery in order to capture low capex expansion opportunities and further leverage the strong market performance of CTO-derived biofuels. Enabling the qualification of CTO-derived UPM biofuels as Sustainable Aviation Fuel (SAF). This strategic direction is supported by successful SAF trials conducted with Austrian aircraft manufacturer Diamond Aircraft using Austro Engine propulsion, and by continued progress in the technical acceptance process at the American Society for Testing and Materials (ASTM), where results from trials and stakeholder reviews have been consistently positive. Continuing feedstock technology development to qualify and enable the use of additional competitive and sustainable biomass, supporting the cost-efficient production of high-quality biofuels for both road and aviation applications.
お知らせ • Apr 17UPM Announces Executive ChangesUPM has appointed Tuija Suur-Hamari as the new head of the UPM Plywood business area. She will assume her new role no later than 1 November 2025 and will be a member of the UPM Group's Executive Team. Ms. Suur-Hamari will replace Susanna Rinne, who is acting as interim director of the UPM Plywood business area in addition to her current role as director of sales and customer experience at UPM Plywood.
お知らせ • Mar 28Upm-Kymmene Corporation Approves Dividend for the Year 2024, Payable on 8 April 2025 and 7 November 2025 RespectivelyUPM-Kymmene Oyj in its Annual General Meeting was held on 27 March 2025 resolved on a dividend of EUR 1.50 per share for the financial period 2024. The dividend will be paid in two instalments. The first dividend instalment of EUR 0.75 per share will be paid to shareholders who are registered in the shareholders' register of the company held by Euroclear Finland Ltd. on the record date of the first dividend instalment, 31 March 2025. The payment date for the first dividend instalment is 8 April 2025. The second dividend instalment of EUR 0.75 per share will be paid to shareholders who are registered in the shareholders' register of the company held by Euroclear Finland Ltd. on the record date of the second dividend instalment, 31 October 2025. The payment date for the second dividend instalment is 7 November 2025.
お知らせ • Feb 11UPM-Kymmene Oyj seeks Shareholder Approval to launch an Equity Buyback on February 10, 2025.UPM-Kymmene Corporation will seek shareholder approval for a share repurchase program at its Annual General Meeting to be held on February 10, 2025. Under the program, the company will repurchase up to 50,000,000 shares, representing 9.4% of its issued share capital. The authorization includes also the right to accept UPM's own shares as pledge. Repurchases will be made at the market price quoted at the time of purchase on the trading places where the company's shares or the certificates entitling to its shares are traded, using the company's distributable shareholders' equity. The own shares will be purchased in public trading otherwise than in proportion to the existing shareholdings of the company's shareholders. The shares will be acquired to be used for financing of possible acquisitions, investments or other business operations or as part of the company's incentive programs, or to be held by the company, transferred or cancelled. The share repurchase program is valid for 18 months. On February 5, 2025 , the company initiated a Market Repurchase. The company will repurchase up to 6,000,000 shares, representing 1.1% of its issued share capital for €160 million. The share buyback program shall commence on February 10, 2025 and is valid till May 31, 2025.
お知らせ • Feb 08UPM-Kymmene Oyj to Report Fiscal Year 2024 Results between Mar 03, 2025 and Mar 07, 2025UPM-Kymmene Oyj announced that they will report fiscal year 2024 results at 10:00 AM, USSR Zone1 on between Mar 03, 2025 and Mar 07, 2025
お知らせ • Feb 06UPM-Kymmene Oyj Provides Earnings Guidance for the First Half of 2025UPM-Kymmene Oyj provided earnings guidance for the first half of 2025. UPM's comparable EBIT in H1 2025 is expected to be approximately in the range of EUR 400-625 million (EUR 515 million in H1 2024). UPM's performance in H1 2025 is expected to benefit from higher delivery volumes and lower fixed costs, but be held back by lower sales margins, compared with H1 2024. The year 2025 starts with similar pulp prices and lower electricity price than 2024 started.
お知らせ • Feb 05UPM-Kymmene Oyj Proposes Dividend in Two Instalments for the Financial Year Ended on 31 December 2024, Payable on 8 April 2025 and 7 November 2025UPM-Kymmene Oyj at its AGM to be held on March 27, 2025 proposed that an aggregate dividend of EUR 1.50 per share be paid based on the balance sheet to be adopted for the financial year ended on 31 December 2024, and that the remaining portion of the distributable funds be retained in the Company's non-restricted shareholders' equity. The Board proposes that the dividend be paid in two instalments. The first dividend instalment, EUR 0.75 per share, is proposed to be paid to shareholders registered in the Company's register of shareholders maintained by Euroclear Finland Oy on the record date for the first dividend instalment 31 March 2025. The Board proposes that the payment date for the first dividend instalment would be on 8 April 2025. The second dividend instalment, EUR 0.75 per share, is proposed to be paid to shareholders registered in the Company's register of shareholders maintained by Euroclear Finland Oy on the record date for the second dividend instalment 31 October 2025. The Board proposes that the payment date for the second dividend instalment would be on 7 November 2025.
お知らせ • Dec 02UPM-Kymmene Corporation Announces Executive ChangesUPM-Kymmene Corporation announced that Susanna Rinne has been appointed as interim Executive Vice President of UPM Plywood business area, effective 1 January 2025. As announced earlier, the current Executive Vice President of UPM Plywood, Mika Kekki, has been appointed to lead the UPM Specialty Papers business area starting from the same date. Susanna Rinne (born in 1970) is currently Vice President, Strategy & Business Development, within the UPM Plywood business area. Prior her current position, she worked as Director, Marketing and Sales Development, at UPM Plywood and held several other managerial positions at UPM since 1995. She holds a master’s degree in mechanical wood technology. The recruitment process for the Executive Vice President position in the UPM Plywood business area is ongoing.
New Risk • Nov 01New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 115% Cash payout ratio: 134% Minor Risk Large one-off items impacting financial results.
お知らせ • Oct 30UPM-Kymmene Oyj, Annual General Meeting, Mar 27, 2025UPM-Kymmene Oyj, Annual General Meeting, Mar 27, 2025. Location: helsinki Finland
Reported Earnings • Oct 30Third quarter 2024 earnings released: EPS: €0.44 (vs €0.049 loss in 3Q 2023)Third quarter 2024 results: EPS: €0.44 (up from €0.049 loss in 3Q 2023). Revenue: €2.55b (down 1.2% from 3Q 2023). Net income: €237.0m (up €263.0m from 3Q 2023). Profit margin: 9.3% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 29+ 2 more updatesUPM-Kymmene Oyj to Report Q1, 2025 Results on Apr 24, 2025UPM-Kymmene Oyj announced that they will report Q1, 2025 results at 9:30 AM, E. Europe Standard Time on Apr 24, 2025
Upcoming Dividend • Oct 23Upcoming dividend of €0.75 per shareEligible shareholders must have bought the stock before 30 October 2024. Payment date: 07 November 2024. The company is paying out more than 100% of its profits and is paying out 97% of its cash flow. Trailing yield: 5.3%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.7%).
お知らせ • Oct 18+ 1 more updateUPM-Kymmene Oyj Lowers Earnings Guidance for the Full Year of 2024UPM-Kymmene Oyj lowered earnings guidance for the full year of 2024. UPM’s comparable EBIT in full-year 2024 is expected to be on similar level or increase from 2023. Previously, the company expected its full-year 2024 comparable EBIT to increase from 2023.
お知らせ • Oct 17UPM-Supported Removal of Migration Barriers in Joutsa and Lieksa CompletedThis summer, UPM's Stream Water Programme funded the removal of two fish migration barriers in Finland. The old dams were dismantled, and thbe riverbeds were restored. With the removal of the barriers, the Päijänne lake trout can now migrate up the Rutajoki, the Pielinen lake trout can now migrate up the Ala-Kelvänjoki, and the stream water habitats for other endangered species are improved. The restoration work on Seinäkoski in the Rutajoki River in Joutsa was completed in mid-September. The migration route from Rutajoki River to Lake Rutajärvi was restored by removing the dam at the Tammi mill. At the same time, the riverbed was restored, and new spawning areas were created. The restoration of the Rutajoki River was managed by the North Päijänne Fisheries District and implemented by the Central Finland Fisheries Centre. In addition to UPM Energy, the project was funded by the Ministry of Agriculture and Forestry's NOUSU programme, WWF and Metsähallitus. With the restoration, the name of the rapids has been changed, as the wall no longer exists after the dam was dismantled. Seinäkoski (Wall rapid in Finnish) is now called Tammenkoski (Oak's rapid). The restoration work on Ala-Kelvänjoki River in Lieksa was completed at the end of September. The old mill dam, which had been a barrier to migration in the Ala-Kelvänjoki, was removed and a new bottom dam was built while the rapids were restored. The project was carried out by the Vuonislahti sub-municipality and the Onni Turunen estate in cooperation with the North Savo ELY Centre. UPM Energy, Metsä Group, the WWF, the Olvi Foundation, the City of Lieksa and the Pielinen-Karelia Fishing Region were the financial backers of the project. In the same catchment area, UPM has restored a road culvert on the Korisevanjoki river at the headwaters of the Kelvänjoki river. The lower part of the road culvert was raised with boulders, so that fish and other stream water fauna can now move through the road culvert in both directions.Environmental DNA (eDNA) samples were taken from both the Korisevanjoki and the Ala-Kelvänjoki prior to the removal of the migration barriers. In a new collaboration project, new research methods will be used to study the effects of dam removal on water bodies.
お知らせ • Sep 24UPM-Kymmene Oyj Appoints Harald Dialer as Executive Vice President, Technology and UPM BiorefiningHarald Dialer has been appointed Executive Vice President, Technology and UPM Biorefining. He will be a member of UPM’s Group Executive Team and report to Massimo Reynaudo, President and CEO. He will assume his role as of 1 January 2025. Harald Dialer, born 1970, joins UPM from HCS Group where he has held the position of Managing Director and Chief Commercial Officer since 2020. He has a Ph.D. in chemistry and extensive experience spanning over 25 years in specialty chemicals and renewables technologies at BASF, Süd-Chemie, Scientific Design Co. and Clariant, where he has held both business management and corporate roles. He is a German and Austrian citizen, and will be based in Augsburg, Germany. Harald Dialer succeeds Winfried Schaur who has expressed his intent to leave the company for private reasons. Winfried Schaur will continue in his current position until the end of 2024.
お知らせ • Aug 23UPM Fibres Announces Appointment of Petri Hakanen as Senior Vice President, Effective 1 October 2024UPM Fibres announced as part of this organizational change, Petri Hakanen has been appointed Senior Vice President, Fibres Finland Operations, UPM Fibres as of 1 October 2024. Petri will be a member of the UPM Fibres Management team and he will report to Aki Temmes, Executive Vice President, UPM Fibres. Petri Hakanen led the Uruguay Development Project from 2018 to 2023, culminating in the start-up of UPM Paso de los Toros pulp mill in April 2023. He currently holds the role of Senior Vice President, Technology (CTO), for UPM and leads UPM's research and development activities and investment management. He will continue in this role until the end of 2024, in addition to his new role in UPM Fibres.
Reported Earnings • Jul 24Second quarter 2024 earnings released: EPS: €0.049 (vs €0.15 in 2Q 2023)Second quarter 2024 results: EPS: €0.049 (down from €0.15 in 2Q 2023). Revenue: €2.55b (flat on 2Q 2023). Net income: €26.0m (down 67% from 2Q 2023). Profit margin: 1.0% (down from 3.0% in 2Q 2023). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
お知らせ • Jul 23UPM-Kymmene Corporation Provides Earnings Guidance for the Second Half and Full Year of 2024UPM-Kymmene Corporation provided earnings guidance for the second half and full year of 2024. For the second half, comparable EBIT is expected to be higher than in H1 2024. This improvement is expected to come especially from UPM Fibres, with the full pulp capacity available and pulp price levels starting at a higher level than at the start of the year. There are no major maintenance shutdowns scheduled for the company in H2 2024, whereas H1 2024 was impacted by unusually high maintenance activity and political strikes in Finland. UPM's full-year 2024 comparable EBIT is expected to increase from 2023, supported by higher delivery volumes, the ramp-up and optimisation of the UPM Paso de los Toros pulp mill, and lower fixed costs. Demand for many UPM products is expected to gradually improve as the destocking seen in 2023 is over. The market conditions for renewable fuels are expected to be weaker than last year. UPM continues to manage margins and take actions to reduce variable and fixed costs.
お知らせ • Jun 28UPM-Kymmene Corporation Appoints Gunnar Eberhardt as Member of Group Executive TeamUPM-Kymmene Corporation announced Gunnar Eberhardt will be a member of UPM’s Group Executive Team and report to Massimo Reynaudo, President and CEO. He will start in his role in October 2024. Gunnar Eberhardt, born 1977, will join UPM from Henkel AG & Co. KGaA, where he has worked as Corporate Vice President, Adhesives Automotive OEM Business since April 2022. Prior to his current role he has held several sales, marketing, business unit and region head roles at Henkel and Osram since 2000. He has a Diploma in Industrial Engineering and an Executive Master’s degree in Innovation & Technology Management. He is a German citizen, and will be based in Augsburg, Germany.
お知らせ • Jun 08UPM-Kymmene Oyj Appoints Mika Kekki as Interim Executive Vice President of UPM Communication Papers Business Area as of 1 August 2024UPM-Kymmene Oyj announced that Mika Kekki has been appointed to act as interim Executive Vice President of UPM Communication Papers business area as of 1 August 2024. He assumes this role on top of his current duties and continues in his current role as Executive Vice President of UPM Plywood business area. Mika Kekki’s biographical details are available at the company’s website. The recruitment process for the Executive Vice President of UPM Communication Papers business area is ongoing. As communicated on 13 March 2024, Antti Jääskeläinen, the current interim Executive Vice President of UPM Communication Papers business area and Executive Vice President, UPM Raflatac business area, will leave UPM to take the role of President and CEO in the Finnish logistics and distribution company Posti Group Oyj. He will continue with his duties at UPM until the end of July 2024.
Reported Earnings • Apr 27First quarter 2024 earnings released: EPS: €0.51 (vs €0.33 in 1Q 2023)First quarter 2024 results: EPS: €0.51 (up from €0.33 in 1Q 2023). Revenue: €2.68b (down 3.9% from 1Q 2023). Net income: €272.0m (up 55% from 1Q 2023). Profit margin: 10% (up from 6.3% in 1Q 2023). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Apr 26+ 1 more updateUPM-Kymmene Corporation Provides Earnings Guidance for the First Half and Full Year of 2024UPM-Kymmene Corporation provided earnings guidance for the first half and full year of 2024. For the first half, the company expects comparable EBIT is expected to be lower than in second half of 2023, due to the timing of the energy-related refunds in fourth quarter of 2023 and unusually high maintenance activity in first half of 2024.For the full year, the company expects comparable EBIT is expected to increase from 2023, supported by higher delivery volumes, continued ramp-up and optimisation of the UPM Paso de los Toros pulp mill and lower fixed costs.
Declared Dividend • Apr 07Dividend of €0.75 announcedShareholders will receive a dividend of €0.75. Ex-date: 30th October 2024 Payment date: 7th November 2024 Dividend yield will be 4.8%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (206% earnings payout ratio). However, it is covered by cash flows (67% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 129% to bring the payout ratio under control. EPS is expected to grow by 89% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
お知らせ • Apr 05UPM-Kymmene Corporation Approves the Appointment of Melanie Maas-Brunner as Director to the BoardUPM-Kymmene Corporation at its AGM held on April 4, 2024, approved the appointment of Melanie Maas-Brunner as a new director to the Board. The directors’ term of office will end upon the closure of the next AGM.
お知らせ • Apr 04UPM-Kymmene Corporation Approves Dividend for the Year 2023, Payable on 16 April 2024 and 7 November 2024 RespectivelyUPM-Kymmene Corporation at its AGM held on April 4, 2024, approved dividend of EUR 1.50 per share for the year 2023. The dividend is paid in two instalments. The first dividend instalment, EUR 0.75 per share, is paid to shareholders registered in the Company’s register of shareholders maintained by Euroclear Finland Oy on the record date for the first dividend instalment on 8 April 2024. The payment date for the first dividend instalment is on 16 April 2024. The second dividend instalment, EUR 0.75 per share, is paid to shareholders registered in the Company's register of shareholders maintained by Euroclear Finland Oy on the record date for the second dividend instalment 31 October 2024. The payment date for the second dividend instalment is on 7 November 2024.
Upcoming Dividend • Mar 29Upcoming dividend of €0.75 per shareEligible shareholders must have bought the stock before 05 April 2024. Payment date: 15 April 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.3%).
Buy Or Sell Opportunity • Mar 28Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to €30.83. The fair value is estimated to be €38.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 8.6%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings are also forecast to grow by 24% per annum over the same time period.
お知らせ • Mar 13UPM-Kymmene Corporation Announces Antti Jääskeläinen to Leave as Executive Vice President, Upm RaflatacUPM-Kymmene Corporation announced Antti Jääskeläinen, Executive Vice President, UPM Raflatac, will be leaving UPM to assume the role of President and CEO in the Finnish logistics and distribution company Posti Group Oyj. He will continue with his duties in UPM until the end of July 2024. Antti joined UPM in 2014 and was appointed to UPM’s Group Executive Team in 2016 with responsibility for UPM Raflatac Business Area. During recent months Antti has also held the interim responsibility for UPM Communication Papers Business Area. UPM will immediately initiate the process for selecting a new Executive Vice President for UPM Raflatac. The process for recruiting the successor for UPM Communication Papers is proceeding well and will be concluded in the coming few months.
Reported Earnings • Mar 04Full year 2023 earnings released: EPS: €0.73 (vs €2.86 in FY 2022)Full year 2023 results: EPS: €0.73 (down from €2.86 in FY 2022). Revenue: €10.5b (down 11% from FY 2022). Net income: €388.0m (down 75% from FY 2022). Profit margin: 3.7% (down from 13% in FY 2022). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 01Full year 2023 earnings released: EPS: €0.73 (vs €2.86 in FY 2022)Full year 2023 results: EPS: €0.73 (down from €2.86 in FY 2022). Revenue: €10.7b (down 8.8% from FY 2022). Net income: €388.0m (down 75% from FY 2022). Profit margin: 3.6% (down from 13% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
お知らせ • Feb 01+ 1 more updateUPM-Kymmene Corporation Provides Earnings Guidance for the First Half and Full Year of 2024UPM-Kymmene Corporation provided earnings guidance for the first half and full year of 2024. For the first half, the company expects comparable EBIT is expected to be lower than in second half of 2023, due to the timing of the energy-related refunds in fourth quarter of 2023 and unusually high maintenance activity in first half of 2024.For the full year, the company expects comparable EBIT is expected to increase from 2023, supported by higher delivery volumes, continued ramp-up and optimisation of the UPM Paso de los Toros pulp mill and lower fixed costs.
Buying Opportunity • Jan 17Now 21% undervaluedOver the last 90 days, the stock is up 4.0%. The fair value is estimated to be €43.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 2.6% per annum. Earnings is also forecast to grow by 28% per annum over the same time period.
お知らせ • Jan 16UPM-Kymmene Oyj Announces Executive ChangesUPM-Kymmene Oyj announced Saara Tahvanainen has been appointed Executive Vice President responsible for UPM’s Stakeholder Relations, and member of UPM’s Group Executive Team. Stakeholder Relations covers communications, brand/marketing, corporate responsibility, and public affairs. She will start in the role latest on 15 July 2024. She will report to Massimo Reynaudo, President and CEO, and will be based in Helsinki, Finland. Saara Tahvanainen, born 1974, is currently Executive Vice President, Marketing and Communications of Wärtsilä Corporation.?Prior to that she was responsible for stakeholder relations in UPM Fibres Business Area for five years. She has a versatile industry background from telecommunications to stainless steel and forest industry.? Saara Tahvanainen holds a master’s degree in communications. She is a Finnish citizen. Saara Tahvanainen’s predecessor Pirkko Harrela has reached her contractual retirement age and will retire after a 38-year career in UPM and preceding companies. She will continue with her duties in UPM until end of March 2024.
お知らせ • Jan 02Heinzel Holding GmbH acquired Upm-Kymmene Austria Gmbh from UPM-Kymmene Oyj (HLSE:UPM).Heinzel Holding GmbH signed a share purchase agreement to acquire Upm-Kymmene Austria Gmbh from UPM-Kymmene Oyj (HLSE:UPM) on June 21, 2022. The transaction is expected to close on January 1, 2024. The transaction is subject to approvals from relevant competition authorities. Heinzel Holding GmbH completed the acquisition of Upm-Kymmene Austria Gmbh from UPM-Kymmene Oyj (HLSE:UPM) on January 1, 2024.
Buying Opportunity • Nov 10Now 20% undervaluedOver the last 90 days, the stock is up 9.8%. The fair value is estimated to be €40.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings is also forecast to grow by 27% per annum over the same time period.
お知らせ • Nov 03Upm-Kymmene Oyj Appoints Tomi Sederholm as Senior Vice President, Business Control and Finance Operations, Effective December 1, 2023UPM-Kymmene Oyj appointed Tomi Sederholm as Senior Vice President, UPM Business Control and Finance Operations as of 1 December 2023. He reports to Tapio Korpeinen, Chief Financial Officer, UPM, and he is based in Helsinki, Finland. Tomi Sederholm has been working for UPM since 2008 and is currently Vice President, Business Control, UPM Fibres. Earlier he has led Strategy and Business Control at UPM Energy. He is also the Chairman of the Audit Committee of the Board of Directors in Pohjolan Voima Oyj. Tomi Sederholm holds a master’s degree in economics, and he has also participated in executive leadership programs in Harvard Business School and Singularity University.
お知らせ • Oct 26UPM-Kymmene Oyj Announces Second Instalment of Dividend, Payable on 2 November 2023UPM-Kymmene Oyj announced the first instalment of EUR 0.75 per share was paid on 21 April 2023 and the second instalment of EUR 0.75 per share will be paid on 2 November 2023.
New Risk • Oct 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.4% Last year net profit margin: 12% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (110% payout ratio). Profit margins are more than 30% lower than last year (6.4% net profit margin).
Reported Earnings • Oct 26Third quarter 2023 earnings released: €0.05 loss per share (vs €1.15 profit in 3Q 2022)Third quarter 2023 results: €0.05 loss per share (down from €1.15 profit in 3Q 2022). Revenue: €2.67b (down 22% from 3Q 2022). Net loss: €26.0m (down 104% from profit in 3Q 2022). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 25+ 6 more updatesUPM-Kymmene Oyj to Report Q1, 2024 Results on Apr 25, 2024UPM-Kymmene Oyj announced that they will report Q1, 2024 results at 9:30 AM, E. Europe Standard Time on Apr 25, 2024
お知らせ • Oct 24UPM-Kymmene Oyj Provides Earnings Guidance for the Second Half and Full Year of 2023UPM-Kymmene Oyj provided earnings guidance for the second half and full year of 2023. UPM’s comparable EBIT in H2 2023 is expected to be on similar level or increase compared to H1 2023. Full-year 2023 comparable EBIT is expected to decrease from 2022.
Buying Opportunity • Oct 19Now 22% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be €40.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 0.9% per annum. Earnings is also forecast to grow by 13% per annum over the same time period.
Upcoming Dividend • Oct 18Upcoming dividend of €0.75 per share at 4.5% yieldEligible shareholders must have bought the stock before 25 October 2023. Payment date: 02 November 2023. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (5.2%).
Buying Opportunity • Oct 05Now 20% undervaluedOver the last 90 days, the stock is up 17%. The fair value is estimated to be €40.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 1.0% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.
お知らせ • Aug 25Upm-Kymmene Oyj Appoints Aki Temmes as Executive Vice President for Upm Fibres Business Area as of 1 December 2023UPM-Kymmene Oyj announced thsatAki Temmes has been appointed Executive Vice President responsible for UPM Fibres Business Area as of 1 December 2023. He will report to Jussi Pesonen, President and CEO and be based in Helsinki, Finland. Aki Temmes is currently Senior Vice President, Business Control and Finance?Operations.?Prior to that he was responsible for UPM’s Timber business and UPM Fibres Business Area Business Control. ?He joined UPM in 2003 and has held multiple roles in number of business finance positions in Finland and France. Aki Temmes holds a master’s degree in accounting and finance?and an Executive MBA. He is a Finnish citizen.
お知らせ • Jul 25Upm-Kymmene Oyj Provides Earnings Outlook for the Second Half and Full-Year 2023UPM-Kymmene Oyj provided earnings outlook for the second half and Full-year 2023. For the second half, the company's comparable EBIT in H2 2023 is expected to be on similar level or increase compared to H1 2023.For the Full-year, the company's comparable EBIT is expected to decrease from 2022.
お知らせ • Jun 29UPM Decides to Close 485,000 Tonnes of Graphic Paper Capacity in EuropeUPM has decided to close 485,000 tonnes of graphic paper capacity in Europe. The company permanently closes paper machine 6 at UPM Schongau, Germany and paper machine 4 at UPM Steyrermühl, Austria. The decision is based on the plans announced in June 2022 and in March 2023. The employee consultation process in Schongau was conducted in line with local legislations and has now been finalized. The number of persons affected is 136 for the site. The uncoated publication paper machine 6 will be permanently closed today. UPM Schongau continues graphic paper production on the remaining cost-competitive machines. UPM Communication Papers ended the newspaper production at its Steyrermühl mill today. As already communicated in March 2023 we thereby accelerate the plans to ensure competitive production at remaining newsprint paper machines in Europe. This decision will have no impact on the plans for the Steyrermühl site and its employees as communicated on 21 June 2022.
New Risk • Jun 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.
お知らせ • Jun 08Upm-Kymmene Oyj Appoints Petri Hakanen as Senior Vice President Technology, Effective 1 August 2023Petri Hakanen has been appointed Senior Vice President Technology (CTO) for UPM-Kymmene Oyj as of 1 August 2023. In his new role, Petri will report to Winfried Schaur, Executive Vice President, UPM Biorefining Technology and lead the company's research development, new business development as well as the investment management going forward. Petri Hakanen has been with UPM for almost 30 years in various senior management positions. During the past five years, he has been leading UPM's largest project ever, the new pulp mill and related infrastructures in Uruguay.
お知らせ • May 12UPM-Kymmene Corporation Revises Earnings Guidance for the Full Year 2023UPM-Kymmene Corporation revises earnings guidance for the full year 2023. The company lowers its outlook for 2023. Comparable EBIT in H1 2023 is now expected to decrease from H1 2022. Full-year 2023 comparable EBIT is expected to decrease from 2022. Earlier, UPM expected comparable EBIT to increase in H1 2023 from H1 2022, and 2023 to be another year of strong financial performance.
Reported Earnings • Apr 26First quarter 2023 earnings released: EPS: €0.33 (vs €0.25 in 1Q 2022)First quarter 2023 results: EPS: €0.33 (up from €0.25 in 1Q 2022). Revenue: €2.79b (up 11% from 1Q 2022). Net income: €176.0m (up 32% from 1Q 2022). Profit margin: 6.3% (up from 5.3% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Apr 06Upcoming dividend of €0.75 per share at 4.9% yieldEligible shareholders must have bought the stock before 13 April 2023. Payment date: 21 April 2023. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.5%).
Reported Earnings • Feb 05Full year 2022 earnings released: EPS: €2.86 (vs €2.41 in FY 2021)Full year 2022 results: EPS: €2.86 (up from €2.41 in FY 2021). Revenue: €11.7b (up 19% from FY 2021). Net income: €1.53b (up 19% from FY 2021). Profit margin: 13% (in line with FY 2021). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 02+ 1 more updateUPM Renews its Dividend PolicyUPM’s Board of Directors has revised the company’s dividend policy to be based on earnings instead of cash flow. This aligns the dividend policy with the company’s transformative growth strategy. The new dividend policy is: “UPM aims to pay attractive dividends, targeting at least half of the comparable earnings per share over time.”. The previous dividend policy was: “UPM aims to pay attractive dividends, targeting a dividend of 30-40% of the operating cash flow per share.”. Effective capital allocation is key to attractive long-term returns, as well as developing the business portfolio in areas with the best long-term value creation potential. At UPM, capital allocation decisions take place at the corporate level. Dividends are an integral part of capital allocation. UPM plans to allocate capital to: Invest to grow the company and its earnings. UPM invests in sustainable businesses with strong long-term fundamentals for demand growth and a clear competitive advantage or high barrier to entry for superior returns. UPM targets growth in comparable EBIT and comparable return on equity exceeding 10%. Each business area has its own return targets. Pay attractive dividends. UPM aims to pay attractive dividends, targeting at least half of the comparable earnings per share over time. The targeted earnings growth drives dividend growth over time.Maintain a strong balance sheet. According to UPM’s leverage policy, net debt to EBITDA ratio is to be less than 2. An investment grade rating is an important element in the financing strategy. Share buybacks. They are a complementing tool that may be used relative to investment opportunities and company valuation.
Reported Earnings • Oct 26Third quarter 2022 earnings released: EPS: €1.15 (vs €0.92 in 3Q 2021)Third quarter 2022 results: EPS: €1.15 (up from €0.92 in 3Q 2021). Revenue: €3.47b (up 37% from 3Q 2021). Net income: €611.0m (up 25% from 3Q 2021). Profit margin: 18% (down from 19% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 6% per year.
お知らせ • Oct 26+ 2 more updatesUPM-Kymmene Oyj to Report Q1, 2023 Results on Apr 25, 2023UPM-Kymmene Oyj announced that they will report Q1, 2023 results at 9:30 AM, E. Europe Standard Time on Apr 25, 2023
