Announcement • May 10
UPM Adhesive Materials Launches Upm Quickstick Receipt Materials UPM 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. Announcement • May 07
UPM Adhesive Materials Introduces New Portfolio of Label Solutions Designed for Packaging Recyclability UPM 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. Announcement • Apr 10
UPM-Kymmene Corporation Announces Board and Committee Changes UPM-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. Announcement • Feb 05
Upm-Kymmene Oyj Proposes Second Dividend Instalment, Payable on November 6, 2026 UPM-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. Announcement • Dec 19
UPM Discontinues Graphic Paper Production in Ettringen In 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. Announcement • Dec 12
UPM Launches UPM Circular Renewable Black UPM 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. Announcement • Dec 04
Upm Discontinues Label Materials Production in Nancy, France UPM 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. Announcement • Nov 20
UPM Launches Spruce LNG Spruce LNG Perwood to Response to Growing LNG Transportation Demands UPM 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. Announcement • Nov 05
UPM Energy Commissions Grid-Balancing Ultracapacitor At Kuusankoski Hydropower Plant UPM 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. Announcement • Oct 31
Upm-Kymmene Oyj Provides Earnings Guidance for the Second Half of 2025 UPM-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. Announcement • Oct 30
UPM Adhesive Materials Unveils a Global Showcase of Premium Performance Label Materials for Wine and Spirits UPM 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. Announcement • Oct 04
UPM-Kymmene Oyj Ends Paper Production in Kaukas - Employee Consultation Processes Concluded End 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. Announcement • Jul 29
UPM-Kymmene Corporation Announces Executive Changes UPM-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. Announcement • Jul 25
UPM-Kymmene Oyj Provides Earnings Guidance for the Second Half of 2025 UPM-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). Announcement • May 27
UPM to Discontinue the Rotterdam Biofuels Refinery Project UPM 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. Announcement • Apr 17
UPM Announces Executive Changes UPM 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. Announcement • Mar 28
Upm-Kymmene Corporation Approves Dividend for the Year 2024, Payable on 8 April 2025 and 7 November 2025 Respectively UPM-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. Announcement • Feb 11
UPM-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. Announcement • Feb 08
UPM-Kymmene Oyj to Report Fiscal Year 2024 Results between Mar 03, 2025 and Mar 07, 2025 UPM-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 Announcement • Feb 06
UPM-Kymmene Oyj Provides Earnings Guidance for the First Half of 2025 UPM-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. Announcement • Feb 05
UPM-Kymmene Oyj Proposes Dividend in Two Instalments for the Financial Year Ended on 31 December 2024, Payable on 8 April 2025 and 7 November 2025 UPM-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. Announcement • Dec 02
UPM-Kymmene Corporation Announces Executive Changes UPM-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. Announcement • Oct 30
UPM-Kymmene Oyj, Annual General Meeting, Mar 27, 2025 UPM-Kymmene Oyj, Annual General Meeting, Mar 27, 2025. Location: helsinki Finland Announcement • Oct 17
UPM-Supported Removal of Migration Barriers in Joutsa and Lieksa Completed This 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. Announcement • Sep 24
UPM-Kymmene Oyj Appoints Harald Dialer as Executive Vice President, Technology and UPM Biorefining Harald 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. Announcement • Aug 23
UPM Fibres Announces Appointment of Petri Hakanen as Senior Vice President, Effective 1 October 2024 UPM 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. Announcement • Jul 23
UPM-Kymmene Corporation Provides Earnings Guidance for the Second Half and Full Year of 2024 UPM-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. Announcement • Jun 28
UPM-Kymmene Corporation Appoints Gunnar Eberhardt as Member of Group Executive Team UPM-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. Announcement • Jun 08
UPM-Kymmene Oyj Appoints Mika Kekki as Interim Executive Vice President of UPM Communication Papers Business Area as of 1 August 2024 UPM-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. Announcement • Apr 05
UPM-Kymmene Corporation Approves the Appointment of Melanie Maas-Brunner as Director to the Board UPM-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. Announcement • Apr 04
UPM-Kymmene Corporation Approves Dividend for the Year 2023, Payable on 16 April 2024 and 7 November 2024 Respectively UPM-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. Announcement • Mar 13
UPM-Kymmene Corporation Announces Antti Jääskeläinen to Leave as Executive Vice President, Upm Raflatac UPM-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. Announcement • Jan 16
UPM-Kymmene Oyj Announces Executive Changes UPM-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. Announcement • Jan 02
Heinzel 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. Announcement • Nov 03
Upm-Kymmene Oyj Appoints Tomi Sederholm as Senior Vice President, Business Control and Finance Operations, Effective December 1, 2023 UPM-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. Announcement • Oct 26
UPM-Kymmene Oyj Announces Second Instalment of Dividend, Payable on 2 November 2023 UPM-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. Announcement • Oct 24
UPM-Kymmene Oyj Provides Earnings Guidance for the Second Half and Full Year of 2023 UPM-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. Announcement • Aug 25
Upm-Kymmene Oyj Appoints Aki Temmes as Executive Vice President for Upm Fibres Business Area as of 1 December 2023 UPM-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. Announcement • Jul 25
Upm-Kymmene Oyj Provides Earnings Outlook for the Second Half and Full-Year 2023 UPM-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. Announcement • Jun 29
UPM Decides to Close 485,000 Tonnes of Graphic Paper Capacity in Europe UPM 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. Announcement • Jun 08
Upm-Kymmene Oyj Appoints Petri Hakanen as Senior Vice President Technology, Effective 1 August 2023 Petri 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. Announcement • May 12
UPM-Kymmene Corporation Revises Earnings Guidance for the Full Year 2023 UPM-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.