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UPM-Kymmene

23.34 EUR+2.14 %10.7, 9.32
21,746 following

UPM

NASDAQ Helsinki

Paper & Forest Products

Basic Materials

Overview
Financials & Estimates
Dividend
Investor consensus
Compare
+2.14 %
-7.05 %
-13.04 %
-5.31 %
-5.85 %
-2.26 %
-15.74 %
-29.68 %
+189.11 %

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
12.32B EUR
Turnover
4.79M EUR
P/E (adj.) (26e)
15.11
EV/EBIT (adj.) (26e)
13.82
P/B (26e)
1.23
EV/S (26e)
1.51
Dividend yield-% (26e)
6.43 %
Coverage
Recommendation
Reduce
Target price
24.00 EUR
Updated
29.04.2026
Antti Viljakainen
Antti Viljakainen

Head of Research

Latest research

Latest analysis report

Released: 30.04.2026

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
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Forum discussions
New industrial orders grew by 5.8% year-on-year in May 2026 | Statistics Finland In May 2026, companies received more new orders than a year earlier in all examined main industries. New orders grew the most in the industry of paper and paperboard product manufacturing, where the ...
7/7/2026, 5:46 AM
by Jukka
23
I am, however, concerned about that potentially permanent change in the softwood pulp market. Northern bleached softwood kraft (NBSK) might no longer be needed in the same quantities as before. Part of it is being replaced by short-fiber eucalyptus pulp, part by Chinese bamboo pulp...
6/26/2026, 8:24 AM
by Logitech
18
All right, now the doomsday news coverage needed for my UPM forecast to come true is starting. It’s a cyclical industry; the sun will surely shine there again, though this sector might still need some kind of tariffs or similar measures.
6/26/2026, 9:48 AM
by TervanKypsyttelijä
8
Fingers crossed that there’s at least an increase in volumes sold But what about the price levels for forest industry products? The pulp curves don’t look very promising, at least:
7/8/2026, 7:44 AM
by PörssiPatruuna
6
Good news, and in principle it would be easy for it to continue, 2025M5 (-6.5%) was followed by a long period of shrinkage Note: 2025M5 is the first negative one after two big months of growth, i.e., almost 12 months in a row of negative performance plus one small positive month
7/7/2026, 6:56 AM
by Opa
6
Domestic raw wood trade volumes for the beginning of the year are 25% below last year’s level. This means pulp mills in Finland will continue to operate at reduced capacity for at least the rest of this year. It would require a major pick-up in the wood trade for full production ...
yesterday
by Logitech
5
It doesn’t look like it, and apparently, it’s hurting others besides Finnish manufacturers. Mercer extends Rosenthal shutdown
yesterday
by UNLI1
4
Read more on our forum
Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
23.7
2026

Interim report Q2'26

28.10
2026

Interim report Q3'26

30.10
2026

Half year dividend

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

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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
Press release04.05.2026, 09.00

UPM-Kymmene Oyj: UPM again among the leading companies in the Dow Jones World and European Sustainability Indices

UPM-Kymmene
Regulatory press release30.04.2026, 17.00

UPM-Kymmene Oyj: UPM-Kymmene Corporation: Managers' Transactions (Groth)

UPM-Kymmene
Regulatory press release30.04.2026, 17.00

UPM-Kymmene Oyj: UPM-Kymmene Corporation: Managers' Transactions (Maas-Brunner)

UPM-Kymmene
Regulatory press release30.04.2026, 17.00

UPM-Kymmene Oyj: UPM-Kymmene Corporation: Managers' Transactions (Kekki)

UPM-Kymmene
Regulatory press release30.04.2026, 17.00

UPM-Kymmene Oyj: UPM-Kymmene Corporation: Managers' Transactions (Gustafsson)

UPM-Kymmene
Regulatory press release30.04.2026, 17.00

UPM-Kymmene Oyj: UPM-Kymmene Corporation: Managers' Transactions (Karhu)

UPM-Kymmene
Regulatory press release30.04.2026, 17.00

UPM-Kymmene Oyj: UPM-Kymmene Corporation: Managers' Transactions (Aaltonen-Forsell)

UPM-Kymmene
Regulatory press release30.04.2026, 17.00

UPM-Kymmene Oyj: UPM-Kymmene Corporation: Managers' Transactions (à Porta)

UPM-Kymmene