UPM Half-Year Financial Report 2020: Q2 impacted by lockdowns, transformative growth projects on track
UPM-Kymmene Corporation Half-Year Financial Report 23 July 2020 at 09:20 EET UPM Half-Year Financial Report 2020:Q2 impacted by lockdowns, transformative growth projects on track Q2 2020 highlights · Sales decreased by 20% to EUR 2,077 million (2,605 million in Q2 2019) due to lower deliveries of graphic papers and lower pulp and paper sales prices · Comparable EBIT decreased by 41% to EUR 203 million (345 million), and was 9.8% (13.2%) of sales · The COVID-19 lockdowns significantly decreased demand for graphic papers · Demand for