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

Despite the structural and crisis-related decline in printing and writing paper deliveries, a strike at its Finnish mills from January to April and significantly increased costs, UPM achieved record sales and profits last year. UPM sold about one million t less pulp and about 1.3 million t less paper last year than in...

In the first quarter of 2023 Artic Paper faced a more hesitant market, with demand at lower levels than in 2022. The company reports that quarterly figures were therefore lower, but still stronger than in the fourth quarter of 2022. Consolidated net sales remained at PLN1.03bn (Q1 2022: PLN1.11bn) and Ebitda at...

The first quarter of 2023 was not an easy one for the Norwegian producer of publication and packaging paper, Norske Skog. With sales down by approximately 8 per cent to NOK3.32bn, the group still posted a 10 per cent increase in Ebitda to NOK675m. However, the company’s operating profit of NOK85m was merely a fraction...