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April 27, 2022

UPM has a good start of the year; excellent results in plywood and lumber business

UPM has a good start of the year; excellent results in plywood and lumber business
UPM's net sales increased by 12 percent to EUR 2,507 million in the first quarter. The company made a profit of 139 million, which is almost one hundred million less than last year.    According to CEO Jussi Pesonen , the result is a great achievement, considering the strike at most factories in Finland and the war in Ukraine.    Prices rose in all businesses, and market prices continued to rise in the pulp business.    "However, compared to the current market situation, the business area's result remained modest ...

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