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UPM-Kymmene

23.85 EUR+1.40 %3/8 10:32
21,871 following

UPM

NASDAQ Helsinki

Paper & Forest Products

Basic Materials

Overview
Financials & Estimates
Dividend
Investor consensus
Compare
+1.40 %
+3.52 %
-6.36 %
+1.40 %
-3.79 %
+6.00 %
-18.77 %
-30.24 %
+195.43 %

UPM-Kymmene is active in the forest industry. The company currently works with the development of wood biomass and biofuel. The product portfolio is broad and includes, for example, biochemicals, printing materials, paper, and timber. The company has operations on a global level, with the largest presence around the European market. The head office is located in Helsinki.

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Market cap
12.59B EUR
Turnover
2.25M EUR
P/E (adj.) (26e)
17.56
EV/EBIT (adj.) (26e)
16.67
P/B (26e)
1.27
EV/S (26e)
1.7
Dividend yield-% (26e)
6.29 %
Coverage
Recommendation
Reduce
Target price
22.00 EUR
Updated
2026-07-24
Antti Viljakainen
Antti Viljakainen

Head of Research

Latest research

Latest analysis report

Released: 2026-07-24

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
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Forum discussions
Changes to target prices for UPM on July 24th: Inderes 24 (reduce) —> 22 (reduce) OP 28 (buy) —> 28.5 (buy) Hbanken 29 (buy) —> 28 (buy) Danske 32 (buy) —> 30 (buy) Nordea 31 (buy) —> 29 (buy) DNB Carnegie 24 (hold) —> 23 (hold) It seems that Inderes and DNB’s recommendations and...
7/25/2026, 4:29 AM
by Ju-ha-ni
23
This refers to the so-called mill price of wood fiber, which includes 1) the price of the raw wood itself (=the amount the forest owner receives) + 2) harvesting/short-distance transport costs + 3) long-distance transport costs + 4) other indirect costs related to wood procurement...
7/25/2026, 6:17 PM
by Logitech
13
I have to add a few comments here as well, since Andritz reported strong results and demand has been sufficient in the Pulp & Paper segment. Q2 orders grew by 16% compared to the same period last year, and the entire H1 has been good. There is demand especially from China, where,...
7/30/2026, 11:36 AM
by mardi
12
That’s how it is; the mill price includes half of the other costs, which smooth out the fluctuations in raw wood prices at the gate. A year ago, standing timber prices for pulpwood from first thinnings were around 35 euros, and I believe they averaged about 15 euros this winter. ...
7/26/2026, 3:12 AM
by Rajaseudun sissi
8
The largest cost factor for a pulp mill is wood fiber, usually accounting for over 50% of total costs. In Q2, a lot of expensive wood from older winter logging sites was still being used. Now, in H2, the wood cost for the pulp mill is perhaps 30% cheaper than in H2 2025; companies...
7/25/2026, 5:10 AM
by Rajaseudun sissi
8
Here we go again… Trump is set to impose 50 percent tariffs on Canadian pulp and paper. Will the same happen in Europe? pulpapernews.com Trump administration imposes 50 % Canada tariffs, including pulp and paper... President Donald J. Trump signed three Proclamations pursuant to ...
7/28/2026, 7:38 AM
by Logitech
4
Where has this information come from? Metsä Board Q1 interim report.
7/27/2026, 9:49 AM
by Rajaseudun sissi
3
Read more on our forum
Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
31/8
2026

Extraordinary general meeting '26

28/10
2026

Interim report Q3'26

30/10
2026

Half year dividend

Regulatory press release2026-07-29 12:00

UPM-Kymmene Corporation: Managers' Transactions (Kekki)

UPM-Kymmene
UPM Q2'26: Utsikterna på kort sikt svek, precis som vi befarade
Research2026-07-24 05:55 by
Antti Viljakainen

UPM Q2'26: Utsikterna på kort sikt svek, precis som vi befarade

Den övergripande bilden av UPM:s Q2-rapport var enligt vår mening dyster, eftersom företagets H2-guidning inte levde upp till förväntningarna, precis som vi befarade i vår förhandskommentar.

UPM-Kymmene
UPM Interim Report for January–June 2026
Webcast2026-07-23 12:15

UPM Interim Report for January–June 2026

UPM-Kymmene

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Regulatory press release2026-07-23 08:30

UPM Half Year Financial Report 2026: Improved second quarter results in all businesses and portfolio change progressing

UPM-Kymmene
UPM Q2'26 förhandskommentar: Riskerna för den närmaste tidens utsikter är fortsatt nedåtriktade
Analyst Comment2026-07-21 06:49 by
Antti Viljakainen

UPM Q2'26 förhandskommentar: Riskerna för den närmaste tidens utsikter är fortsatt nedåtriktade

Det svaga nyhetsflödet från skogssektorn gör att riskerna för vinstprognosen för slutet av året är nedåtriktade.

UPM-Kymmene
Regulatory press release2026-07-16 15:00

UPM-Kymmene Oyj: The Finnish Financial Supervisory Authority has approved WISA Group Plc's demerger and listing prospectus. WISA Group Plc's Group Leadership Team appointed.

UPM-Kymmene
Regulatory press release2026-07-16 12:00

UPM-Kymmene Oyj: Notice of the Extraordinary General Meeting of UPM-Kymmene Corporation

UPM-Kymmene
Press release2026-07-16 09:00

UPM-Kymmene Oyj: Invitation to UPM's webcast on the half-year financial report 2026

UPM-Kymmene
Press release2026-07-02 10:00

UPM-Kymmene Oyj: UPM achieves a Platinum rating from EcoVadis and an A score from CDP for its supplier engagement

UPM-Kymmene
Press release2026-06-25 09:00

UPM-Kymmene Oyj: UPM and ANDRITZ partner to advance tailored tissue innovation

UPM-Kymmene
Press release2026-06-18 08:40

UPM-Kymmene Oyj: Production curtailments at UPM's pulp mills in Finland

UPM-Kymmene
Press release2026-06-15 13:00

UPM-Kymmene Oyj: UPM Adhesive Materials highlights climate progress and value chain collaboration in its 2025 Climate Review

UPM-Kymmene
Press release2026-06-11 10:00

UPM-Kymmene Oyj: New climate report from UPM Communication Papers marks major progress toward 2030 climate target

UPM-Kymmene
Press release2026-06-08 13:00

UPM-Kymmene Oyj: UPM delivers purpose-built adhesive solutions for demanding label applications

UPM-Kymmene
Regulatory press release2026-06-03 09:00

Changes in UPM's Group Executive Team: Joonas Rauramo appointed Executive Vice President, UPM Energy

UPM-Kymmene
UPM:s och Sappis fusion av pappersaffärsområden är i praktiken endast beroende av konkurrensmyndigheterna
Analyst Comment2026-05-29 06:00 by
Antti Viljakainen

UPM:s och Sappis fusion av pappersaffärsområden är i praktiken endast beroende av konkurrensmyndigheterna

Konkurrensmyndigheternas inställning till arrangemanget är fortfarande svår att bedöma.

UPM-Kymmene
Regulatory press release2026-05-28 08:27

Inside information: UPM and Sappi have signed a definitive agreement on the graphic paper Joint Venture

UPM-Kymmene
Press release2026-05-13 18:00

UPM-Kymmene Oyj: UPM acquires Ray Technology® intellectual property from Avantium, broadening its bio-based glycols IP portfolio

UPM-Kymmene
Press release2026-05-07 14:00

UPM-Kymmene Oyj: UPM introduces receipt materials for order accuracy at quick-service restaurants

UPM-Kymmene
Press release2026-05-05 14:00

UPM-Kymmene Oyj: UPM introduces a new portfolio of label solutions designed for packaging recyclability

UPM-Kymmene