UPM Half Year Financial Report 2023: Strong downturn in markets pushed Q2 results to exceptional lows – transformation continues
UPM-Kymmene Corporation Stock Exchange Release (Half-Year Financial Report) 25 July 2023 at 09:30 EEST UPM Half Year Financial Report 2023:Strong downturn in markets pushed Q2 results to exceptional lows – transformation continues Q2 2023 highlights · Sales were EUR 2,558 million (2,562 million in Q2 2022) · Comparable EBIT decreased by 71% to EUR 114 million, 4.5% of sales (387 million, 15.1%) · Delivery volumes were impacted by destocking in various product value chains · Pulp and energy prices decreased to cyclical bottom levels