Q1 2021 UPM-Kymmene Oyj Earnings Call Transcript
Ladies and gentlemen, dear audience, welcome to UPM's Quarter 1 2021 Result Webcast. My name is Jussi Pesonen. I'm the CEO of UPM; and I'm here with our CFO, Tapio Korpeinen.
Hello to everyone.
The year 2021 has started well for us with clear signs of recovery in the world economy, and UPM entered the year well prepared for the turn of the markets. Last year, we took timely actions to secure our performance. Now that the economy is recovering, we have a good momentum in our earnings.
Earlier this month, we raised our profit outlook for 2021. Already in Q1, our comparable EBIT recovered back to the pre-pandemic level. At the same time, we are very excited and in the intensive phase in UPM's transformation. I'm proud to say that our 2 transformative projects, both are proceeding on schedule and on budget, and this all in the
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