UPM-Kymmene Oyj Second Quarter 2024 Earnings: Misses Expectations

UPM-Kymmene Oyj (HEL:UPM) Second Quarter 2024 Results

Key Financial Results

• 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).
• EPS: €0.049 (down from €0.15 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

UPM-Kymmene Oyj Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 62%.

Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Forestry industry in Europe.

Performance of the market in Finland.

The company's shares are down 3.6% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with UPM-Kymmene Oyj (including 1 which makes us a bit uncomfortable).

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