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UPM posts record Q2 earnings, H1 profits down on higher costs and lower deliveries

21 July 2022
|
Published in issue 30/2022
|
~ 4 min
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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Stora Enso estimates impact of strikes at €11m per week

Stora Enso estimates impact of strikes at €11m per week

Stora Enso estimates impact of strikes at €11m per week
31 January 2020
|
Igor Dugandzic
|
~ 1 min
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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Higher pulp prices and greater efficiency increase Arctic Paper Group‘s H1 2017 profits

06 September 2017
|
Published in issue 36/2017
|
~ 2 min
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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UPM Paper’s ENA operations profitable again

09 March 2015
|
Published in issue 33/2014
|
~ 2 min
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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UPM’s financial results raised by cuts in costs

11 February 2015
|
Published in issue 45/2014
|
~ 2 min
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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Lower variable and fixed costs spurred an increase in income for Stora Enso in 2014

11 February 2015
|
Published in issue 7/2015
|
~ 4 min
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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UPM enjoys lower costs and a growth in profits in the 2014 financial year

Rationalisation measures and growth projects to underpin profits

11 February 2015
|
Published in issue 7/2015
|
~ 4 min
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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