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October 17, 2024

UPM to lower its outlook for 2024

UPM lowers its outlook for this year due to lower deliveries in most businesses and lower pulp prices.     During the second half of the year, UPM’s earnings have improved, however less than earlier expected. Comparable EBIT in Q3 2024 increased by 32% to EUR 291 million from Q3 2023, and 17% for the first nine months compared to last year. Comparable EBIT in Q4 2024 is expected to be on similar level or increase from Q4 2023 (Euro 323 million). Therefore, UPM’s comparable EBIT in full-year 2024 is expected to be on similar ...

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