Q3 2020 UPM-Kymmene Oyj Earnings Call Transcript
Ladies and gentlemen, welcome to UPM's Quarter 3 2020 Result Webcast. My name is Jussi Pesonen. I'm the CEO of UPM. And I'm here with our CFO, Tapio Korpeinen.
Hello to everybody.
So welcome to this meeting. In Q3, we delivered several -- in several fronts. First of all, we achieved a satisfactory result in the highly exceptional circumstances resulting from the COVID-19 pandemic. Secondly, we took quite a lot of decisive actions and announced significant cost reduction measures to ensure our future performance.
In Communication Papers, we are rightsizing our production capacity and in support functions to level of expected demand for the actions. In several other businesses and global functions, we are further improving our cost efficiency. These cost efficiency measures
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