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UPM-Kymmene

23.82 EUR+2.19 %30.7, 11.22
21,860 following

UPM

NASDAQ Helsinki

Paper & Forest Products

Basic Materials

Overview
Financials & Estimates
Dividend
Investor consensus
Compare
+2.19 %
+3.43 %
-4.14 %
-0.33 %
-3.91 %
-0.63 %
-20.33 %
-31.18 %
+195.06 %

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
12.57B EUR
Turnover
7.67M EUR
P/E (adj.) (26e)
17.53
EV/EBIT (adj.) (26e)
16.65
P/B (26e)
1.27
EV/S (26e)
1.7
Dividend yield-% (26e)
6.3 %
Coverage
Recommendation
Reduce
Target price
22.00 EUR
Updated
24.07.2026
Antti Viljakainen
Antti Viljakainen

Head of Research

Latest research

Latest analysis report

Released: 24.07.2026

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
22
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
Antti has prepared a company report on UPM following their Q2 results In our view, the overall picture of UPM’s Q2 report was disappointing, as the company’s H2 guidance in particular fell short, just as we had feared in our preview. We have slightly lowered our near-term forecasts...
7/24/2026, 5:27 AM
by Sijoittaja-alokas
11
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 release29.07.2026, 12.00

UPM-Kymmene Corporation: Managers' Transactions (Kekki)

UPM-Kymmene
UPM Q2'26: Udsigterne på kort sigt skuffede, som vi frygtede
Research24.07.2026, 05.55 by
Antti Viljakainen

UPM Q2'26: Udsigterne på kort sigt skuffede, som vi frygtede

Det samlede billede af UPM's Q2 regnskab var efter vores mening negativt, da selskabets H2-forventninger skuffede, som vi frygtede i vores preview.

UPM-Kymmene
UPM Interim Report for January–June 2026
Webcast23.07.2026, 12.15

UPM Interim Report for January–June 2026

UPM-Kymmene

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Regulatory press release23.07.2026, 08.30

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

UPM-Kymmene
UPM Q2'26 preview: Risiciene for de nærmeste udsigter er fortsat nedadgående
Analyst Comment21.07.2026, 06.49 by
Antti Viljakainen

UPM Q2'26 preview: Risiciene for de nærmeste udsigter er fortsat nedadgående

Den svage nyhedsstrøm inden for skovsektoren gør, at risiciene forbundet med regnskabsmeddelelsen for resten af året er nedadgående.

UPM-Kymmene
Regulatory press release16.07.2026, 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 release16.07.2026, 12.00

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

UPM-Kymmene
Press release16.07.2026, 09.00

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

UPM-Kymmene
Press release02.07.2026, 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 release25.06.2026, 09.00

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

UPM-Kymmene
Press release18.06.2026, 08.40

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

UPM-Kymmene
Press release15.06.2026, 13.00

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

UPM-Kymmene
Press release11.06.2026, 10.00

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

UPM-Kymmene
Press release08.06.2026, 13.00

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

UPM-Kymmene
Regulatory press release03.06.2026, 09.00

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

UPM-Kymmene
Fusionen af UPM's og Sappis forretningsområder inden for papir afhænger i praksis kun af konkurrencemyndighederne
Analyst Comment29.05.2026, 06.00 by
Antti Viljakainen

Fusionen af UPM's og Sappis forretningsområder inden for papir afhænger i praksis kun af konkurrencemyndighederne

Konkurrencemyndighedernes holdning til transaktionen er fortsat svær at vurdere.

UPM-Kymmene
Regulatory press release28.05.2026, 08.27

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

UPM-Kymmene
Press release13.05.2026, 18.00

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

UPM-Kymmene
Press release07.05.2026, 14.00

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

UPM-Kymmene
Press release05.05.2026, 14.00

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

UPM-Kymmene