UPM-Kymmene Oyj (OHEL:UPM)
€ 25.72 0.06 (0.23%) Market Cap: 13.72 Bil Enterprise Value: 17.00 Bil PE Ratio: 19.74 PB Ratio: 1.27 GF Score: 69/100

Q2 2020 UPM-Kymmene Oyj Earnings Call Transcript

Jul 23, 2020 / 10:15AM GMT
Release Date Price: €24.49 (+1.20%)
Jussi Pesonen
UPM-Kymmene Oyj - President, CEO & Head of UPM Biorefining

Ladies and gentlemen, welcome to UPM's Second Quarter 2020 Result Webcast. My name is Jussi Pesonen, I'm the CEO of UPM. And I'm here with our CFO, Tapio Korpeinen.

Tapio Juhani Korpeinen
UPM-Kymmene Oyj - CFO & Executive VP of UPM Energy

Hello to everyone.

Jussi Pesonen
UPM-Kymmene Oyj - President, CEO & Head of UPM Biorefining

In Q2, people and businesses around the world felt impact of COVID-19 pandemic and the related lockdowns. The COVID-19 lockdowns clearly impacted the market demand for UPM products and impact was divided.

Demand for graphic papers seriously suffered as a result of the lockdowns. This affected, of course, the profitability of UPM Communication Papers in Q2. At the same time, strong demand for labor materials and specialty papers was further supported by consumers' reaction during the lockdowns. Our businesses in Specialty Packaging materials value chain, UPM Raflatac and Specialty Papers

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot