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October 17, 2022

UPM substantiates its positive outlook following the record strong Q3 2022 results

UPM substantiates its positive outlook for 2022 following the record strong Q3 2022 results. UPM’s Q3 2022 sales grew by 36% to Euro 3,420 million (2,523 million), and comparable EBIT grew by 84% to Euro 779 million (424 million). UPM’s financial performance is expected to continue above last year’s level and comparable EBIT is expected to increase in 2022 from 2021.  Exceptionally high uncertainty continues in the business environment, as highlighted in UPM’s previous outlook. However, during Q3 2022 no major downside risks materialised and UPM reached record quarterly earnings.   ...

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