Half Year 2023 UPM-Kymmene Oyj Earnings Call Transcript
Ladies and gentlemen, dear audience, welcome to UPM's Second Quarter 2023 Result Webcast. My name is Jussi Pesonen, I am the CEO of UPM. I'm here with UPM's CFO, Tapio Korpeinen.
Hi to everyone.
Ladies and gentlemen, we will today cover 3 main topics. First, we will discuss the second quarter results and the outlook. Continued low volumes, significant lower pulp and energy prices and high maintenance activity resulted in exceptionally low second quarter results. However, we expect deliveries to improve and variable costs to decrease in the second half of 2023.
Second topic, we will discuss some of our measures to improve competitiveness. As of today, we have implemented and planned actions in place to reduce our graphic paper capacity by 18% during 2023 and reduce the number of employees by 8% compared to autumn 2022,
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
