UPM-Kymmene Oyj (OTCPK:UPMMY)
$ 28.09 -0.555 (-1.94%) Market Cap: 14.98 Bil Enterprise Value: 18.50 Bil PE Ratio: 20.18 PB Ratio: 1.30 GF Score: 72/100

UPM-Kymmene Oyj Annual Shareholders Meeting Transcript

Mar 30, 2021 / 11:00AM GMT
Release Date Price: $39.1 (+1.94%)
Lagman Johan Aalto

(foreign language)

We will start the meeting by listening to greetings from the Chairman of the Board of Directors, Bjorn Wahlroos.

Bjorn Wahlroos
UPM-Kymmene Oyj - Independent Chairman

Welcome to UPM-Kymmene's virtual AGM. Sadly, it's virtual. We would, of course, very much rather have seen you all in person. But on the other hand, the virtuality gives us the opportunity to communicate with a somewhat broader audience in a somewhat different way.

We meet for our Annual General Meeting under circumstances that are a bit complicated. But on the other hand, we meet under circumstances with a bit more clarity, I think, than we had a year ago. It is now clear that at least where the businesses of UPM-Kymmene are concerned, the implications of the pandemic have not, at least not in financial terms, been as dramatic as I think we feared a year ago.

Partly it's, of course, due to the fact that the pandemic has turned out to be somewhat different than we feared. And on the other hand, and here, I would like to express a very,

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