Q3 2022 UPM-Kymmene Oyj Earnings Call Transcript

Oct 25, 2022 / 10:15AM GMT
Jussi Pesonen - UPM-Kymmene Oyj - President & CEO

Dear audience, welcome to UPM's Quarter 3 2022 Results Webcast. My name is Jussi Pesonen, I am the CEO of UPM. And I'm here with our CFO, Tapio Korpeinen.

Tapio Juhani Korpeinen - UPM-Kymmene Oyj - CFO & Executive VP of UPM Energy

Hello to everyone.

Jussi Pesonen - UPM-Kymmene Oyj - President & CEO

Today, we do have 3 main topics to be discussed. First, in UPM, we made a super good quarter. We reached all-time high quarterly result in Q3. The strength of our operating model was on full display. So operating model, in my opinion, is one of the most important factor. As we all know, we made a record quarterly result in 5 businesses, Communication Paper business, Specialty Paper business, Raflatac, Energy and Biofuels. Fibers and Plywood businesses achieved strong results and inside of Fibers, pulp made also a record quarter. All in all, Q3 was a great success considering the high uncertainty and volatile business environment that we had.

Secondly, Q3

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