UPM Interim Report Q1 2023: Solid Q1 result underpinned by strong margins, two transformative projects completed
UPM-Kymmene Corporation Stock Exchange Release (Interim Report) 25 April 2023 at 09:50 EEST UPM Interim Report Q1 2023:Solid Q1 result underpinned by strong margins, two transformative projects completed Q1 2023 highlights · Sales increased by 11% to EUR 2,787 million (2,507 million in Q1 2022) · Comparable EBIT grew by 29% to EUR 356 million, 12.8% of sales (277 million, 11.0%) · Delivery volumes were impacted by destocking in various product value chains · Successful margin management · Operating cash flow was EUR 714 million (12 million), supported