UPM reports good first quarter 2023 despite destocking effects and declining sales prices

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Despite higher costs and a noticeable decline in deliveries, Finnish pulp and paper producer UPM achieved “solid” results in the first three months of 2023. It was “the second-best first-quarter result in more than 20 years,” the company said. While sales rose by 11 per cent to €2.79bn (Q1 2022: €2.51bn), UPM report...

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