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Published in issue 30/2022
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Most UPM business divisions reported good business and solid demand in the second quarter of 2022. Against a 7 per cent increase in sales to €2.56bn y-o-y, the company said to have reached record Q2 earnings in 2022. Operating...
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Strikes in the Finnish pulp and paper industry started last Monday and will last up to three weeks. This could affect Stora Enso's Q1 profit by €33m. In Finland, various labour unions in the forestry, paper and chemical industries...
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Published in issue 36/2017
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The Polish-Swedish Arctic Paper Group, consisting of papermaker Arctic Paper and pulp manufacturer Rottneros, is largely satisfied with its achievements in the first half-year 2017. Whilst sales decreased slightly by 1.5% against...
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Published in issue 33/2014
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UPM generated markedly higher operating result and net profit despite slightly lower sales in the first half of 2014 compared to the first six months of last year. Profit for the reporting period increased from €161m to €322m....
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Published in issue 45/2014
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UPM reports improved financial results in the first nine months of this year due to its current cost-cutting programme. In spite of reduced sales of €7.34bn (2013: €7.47bn), growth was registered in operating profit (€603m/€414m)...
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Published in issue 7/2015
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Lower costs and a reduction in depreciation and impairment charges helped Stora Enso to improve its earnings last year. The company ended 2014 with a net profit of €90m on the heels of a €71m loss in 2013. Operating profits stood...
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Published in issue 7/2015
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Cutting costs was a key factor driving profits and losses in UPM’s balance sheet in the 2014 financial year. The group posted slightly lower sales revenues of €9.87bn (2013: 10.05bn), but has increased the net income to €512m...
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