UPM-Kymmene Oyj (LTS:0NV5)
€ 26.04 -0.455 (-1.72%) Market Cap: 13.87 Bil Enterprise Value: 16.78 Bil PE Ratio: 19.83 PB Ratio: 1.28 GF Score: 70/100
Back to the Transcripts List

Half Year 2024 UPM-Kymmene Oyj Earnings Call Transcript

Jul 23, 2024 / 10:15AM GMT
Release Date Price: €30.26 (-3.20%)

Key Points

Positve
  • Comparable EBIT increased by 60% from last year, indicating strong financial performance.
  • Paso de los Toros pulp mill reached full capacity ahead of schedule, enhancing production capabilities.
  • Demand for products, including global pulp and self-adhesive labels, improved significantly from last year.
  • Successful negotiation of new business-specific CLAs in Finland, supporting long-term competitiveness.
  • Acquisition of Grafityp to expand in the graphic solutions market, expected to accelerate growth and strengthen competitive position.
Negative
  • Unusually high maintenance activities in Q2, impacting performance with a cost of EUR130 million.
  • Political strike in Finland negatively impacted profits by approximately EUR40 million.
  • Energy business area experienced a weak quarter due to low electricity prices and high maintenance activity.
  • Biofuels business faced challenges due to low-priced fuel imports from China and upstream emission reductions, leading to weaker performance.
  • Communication papers profitability decreased due to lower delivery volumes and increased fiber costs.
Massimo Reynaudo
UPM-Kymmene Oyj - President, Chief Executive Officer, Member of the Group Executive Team

Hello, everyone. Welcome to UPM's quarter two 2024 results webcast. My name is Massimo Reynaudo. And I am the CEO of UPM. Here with me is Tapio Korpeinen, the CFO.

Tapio Korpeinen
UPM-Kymmene Oyj - Chief Financial Officer, Executive Vice President - UPM Energy, Member of the Group Executive Team

Hello, all on the line.

Massimo Reynaudo
UPM-Kymmene Oyj - President, Chief Executive Officer, Member of the Group Executive Team

We'll start by discussing the quarter two results and the outlook for 2024. And then, we'll cover a few strategic steps we have taken to accelerate our future growth.

In quarter two, our comparable EBIT increased by 60% from last year, in line with our expectations. To put this in the proper perspective, there are three main elements to look at. The market situation is the first. The demand for our products has clearly improved from last year. Although the recovery moderated

Already have an account? Log in
Get the full story
Start 7-Day Free Trial
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...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2024 GuruFocus.com, LLC. All Rights Reserved.