UPM posts record result for third quarter of 2021 thanks to increasing prices and deliveries

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 reported...

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...

Michal Jarcyński, CEO, Arctic Paper, called the course of business in the second quarter of 2023 a challenge. Demand decreased compared to the corresponding prior-year quarter, which was one of the best in the company’s history, and the volatility of the pulp and paper markets reminded the company of the importance of...