UPM Interim Report Q1 2021: Market turn and efficiency improvement boost UPM’s earnings – growth projects progress as planned
UPM-Kymmene Corporation Stock Exchange Release (Interim Report) 27 April 2021 at 09:45 EET UPM Interim Report Q1 2021:Market turn and efficiency improvement boost UPM’s earnings – growth projects progress as planned Q1 2021 highlights · Sales decreased by 2% to EUR 2,234 million (2,287 million in Q1 2020) mainly due to lower prices of graphic papers and unfavourable changes in currencies · Comparable EBIT was EUR 279 million, 12.5% of sales (279 million, 12.2%), in line with last year · Pulp demand continued to be good and pulp prices increased rapidly.