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UPM generates significantly lower profits in 2023, but results are “solid”

Pulp mill in Uruguay picks up speed and creates growth prospects

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Published in issue 6/2024
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UPM suffered a significant drop in profits in the 2023 financial year compared to the exceptionally good previous year, but saw improved market conditions towards the end of the year. Profits fell in all business areas, but added up to a result that President and CEO Massimo Reynaudo describes as “solid”. The compan...

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