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Pulp has become UPM’s biggest business, key pillar of 2024 annual results

Commercial production at Leuna biorefinery postponed to second half-year

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Published in issue 7/2025
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Finnish UPM group declared better year-on-year results for 2024 despite declining business in the second half of the year. The company’s full-year financial results reflect differences in the performance of its business divisions. Against virtually unchanged sales, UPM posts consolidated Ebitda of €1.73bn (2023: €1....

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