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UPM raises 2021 profit outlook, delays Kymi mill maintenance

21 April 2021
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Published in issue 16/2021
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~ 1 min
UPM has raised its profit guidance for the year 2021. Comparable Ebit was now expected to increase both in the first half 2021 and in the full year compared to the respective period last year, UPM announced. Previously, UPM had...
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UPM’s earnings fall by half in business year 2020

03 February 2021
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Published in issue 5/2021
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~ 5 min
As for all paper manufacturers, the year 2020 was especially challenging for UPM. The company spoke of an abrupt and severe economic shock caused by the pandemic and the related lockdowns. It was an especially bleak year for the...
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Consolidation of Ritrama ups sales, but higher costs and weak paper business make Fedrigoni spur red ink

09 December 2020
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Published in issue 50/2020
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~ 3 min
Fedrigoni group’s two main business segments "Pressure Sensitive Labels (PSL)" and "Paper and Security" have been affected in very different ways by the coronavirus crisis. The Paper and Security segment was hit hard by the...
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Pressure on Lecta’s results from coronavirus crisis

02 December 2020
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Published in issue 49/2020
|
~ 1 min
Lecta’s financial results bear the brunt of the accelerated effects on the chronic fall in paper consumption resulting from the coronavirus crisis. Nine-month sales of the Spanish paper producer plummeted by 28 per cent to just...
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UPM’s printing and writing paper division posts €100m loss in first three quarters

04 November 2020
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Published in issue 45/2020
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~ 3 min
UPM felt the brunt of the coronavirus crisis in the third quarter of the current fiscal year. The rapid decline in demand for graphic papers in the recent, difficult months notched up heavy losses for the company’s Communication...
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Accrol Paper posts higher sales, smaller losses

09 September 2020
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Published in issue 37/2020
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~ 2 min
British tissue producer Accrol Group Holdings increased its annual sales to £135m in its 2020 financial year (ended 30 April), up from £119m in 2019. It considerably narrowed its operating loss to £181,000 (£12.m) and its net loss...
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Fedrigoni books drop in paper business sales in H1, self-adhesive labels business stays relatively strong

09 September 2020
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Published in issue 37/2020
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~ 4 min
After suffering losses in the first quarter, Italy’s Fedrigoni group remained in the red in the first half of 2020. Fedrigoni, which has been owned by the US private equity firm Bain Capital Partners since 2018, achieved 15 per...
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UPM’s earnings from printing and writing paper down

29 July 2020
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Published in issue 31/2020
|
~ 2 min
The coronavirus lockdown has left unmistakable scars on the half-yearly financial results of Finnish group UPM. Imploding sales of graphic paper and lower selling prices for pulp and paper lowered the group’s operating result for...
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Sappi reports turbulent second quarter, results impacted by low dissolving pulp prices

20 May 2020
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Published in issue 21/2020
|
~ 4 min
Although the coronavirus pandemic made only a small impact on Sappi’s profitability in the company’s second quarter from January to March 2020, the period was turbulent for the company. The group’s sales in the second quarter...
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Cordenons acquisition and strong label business boost Fedrigoni’s sales and profit growth

13 May 2020
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Published in issue 20/2020
|
~ 2 min
2019 was no simple year for the European paper industry including Italy’s Fedrigoni group, the parent of Fedrigoni, Arconvert, and from April 2019 of speciality papermaker Cordenons group. First-time consolidation of Cordenons in...
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