Profit warning, inside information: UPM lowers its outlook due to slower recovery of deliveries in most businesses and rapid fall in pulp prices
UPM-Kymmene Corporation Stock Exchange Release (Inside information) 11 May 2023 at 19:30 EEST Profit warning, inside information: UPM lowers its outlook due to slower recovery of deliveries in most businesses and rapid fall in pulp prices UPM 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. Destocking in the various