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Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

UPM-Kymmene

24.92 EUR+0.16 %1.10, 9.13
22,119 following

UPM

NASDAQ Helsinki

Paper & Forest Products

Basic Materials

Overview
Financials & Estimates
Dividend
Investor views
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+0.16 %
+3.57 %
+7.41 %
-7.01 %
+0.52 %
+7.09 %
-23.25 %
-18.85 %
+208.68 %

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
13.15B EUR
Turnover
556.22K EUR
P/E (adj.) (26e)
18.34
EV/EBIT (adj.) (26e)
17.27
P/B (26e)
1.33
EV/S (26e)
1.76
Dividend yield-% (26e)
6.02 %
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
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Business risk
Valuation risk
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Forum discussions
Recent investor material (Sep 22, 2026) from Suzano, For UPM, for example, cost efficiency in Uruguay looks good in eucalyptus pulp (red). On the other hand, Finland’s price competitiveness in softwood pulp is heading in the wrong direction (yellow). Prices are CIF China. Eucalyptus...
9/28/2026, 6:16 PM
by Logitech
23
Note: the transaction is conditional on all necessary competition authorities approval So this alone is not enough Tärkeimmät talousuutiset | Kauppalehti – 30 Sep 26 Etelä-Afrikan viranomaiset hyväksyvät UPM:n ja Sappin yhteisyrityksen Aiemman tiedon mukaan EU:n viranomaiset voivat...
15 hours ago
by PörssiPatruuna
12
The future outlook of the Nordic electricity market has made me reconsider becoming a UPM shareholder. I haven’t owned forestry industry companies before, as the basic dynamics of the sector don’t feel appealing. Roughly speaking, it has been an arms race among large plants, where...
8 hours ago
by mardi
11
It would actually be pretty good if it went under; it produces 20-30% more kraft pulp (havusellu) than UPM, it would cleanse the market, who knows, maybe it would even help the price of eucalyptus pulp…?
9/27/2026, 8:14 AM
by Sami
8
Already a month old news, but the weakness in the NBSK (northern bleached softwood kraft) pulp market seems to have driven the Canadian company Mercer into serious distress. If the problems were to escalate all the way to liquidation, it might perhaps play into the hands of Nordic...
9/27/2026, 7:36 AM
by Logitech
8
UPM’s partial demerger will take place soon, so let’s also mention here in this thread that Wisa has been created its own thread on the forum. The Board of Directors of UPM-Kymmene Corporation approved on April 29, 2026, a demerger plan according to which the UPM Plywood business...
yesterday
6
Stora Enso plans to discontinue CLT production in Sweden. Time passed this investment by quite quickly. If I remember correctly, other CLT mills were also under some sort of strategic review. Stora Enso plans to focus on sawmill operations and discontinue CLT production at Gruvön...
yesterday
by UNLI1
5
Read more on our forum
Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
28.10
2026

Interim report Q3'26

30.10
2026

Half year dividend

Reuters: Europæiske konkurrencemyndigheder er på vej til at blokere fusionen mellem UPM's og Sappis papirforretningsområder
Analyst Comment21.09.2026, 06.45 by
Antti Viljakainen

Reuters: Europæiske konkurrencemyndigheder er på vej til at blokere fusionen mellem UPM's og Sappis papirforretningsområder

Konkurrencemyndighedernes holdning til projektet har efter vores opfattelse været usikker helt fra starten, så en afvisning af fusionen ville ikke være en overraskelse. Efter vores opfattelse ville et nej fra EU-Kommissionen være en anelse negativt for UPM's aktie, men det ville ikke have nogen umiddelbar indvirkning på vores investeringsbetragtning om selskabet. Hvis fusionen falder til jorden, vil UPM sandsynligvis fortsætte med at drive papirforretningen selv. 

UPM-Kymmene
Regulatory press release18.09.2026, 11.20

The Finnish Financial Supervisory Authority has approved a supplement to WISA Group Plc's demerger and listing prospectus: Lasse von Hertzen appointed as the Chief Financial Officer of WISA Group Plc

UPM-Kymmene
Press release14.09.2026, 14.07

UPM-Kymmene Oyj: UPM and Sappi nominate management team for planned graphic paper joint venture

UPM-Kymmene

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Press release08.09.2026, 13.00

UPM-Kymmene Oyj: UPM and Sappi select management nominees for planned graphic paper Joint Venture

UPM-Kymmene
Press release01.09.2026, 09.00

UPM-Kymmene Oyj: Invitation to the Capital Markets Day 2026 of future WISA Group

UPM-Kymmene
Analyst Comment01.09.2026, 07.05 by
Aapeli Pursimo

UPM's generalforsamling godkendte dannelsen af WISA Group

Beslutningen var i overensstemmelse med vores forventninger, og vi havde allerede indregnet den i vores estimater.

UPM-Kymmene
Regulatory press release31.08.2026, 14.30

UPM-Kymmene Oyj: Resolutions of UPM-Kymmene Corporation's Extraordinary General Meeting

UPM-Kymmene
Analyst Comment27.08.2026, 07.00 by
Antti Viljakainen

Bruxelles stejler over UPM's og Sappis papirtransaktion

Efter vores vurdering kan Kommissionen enten godkende eller afvise aftalen eller tvinge selskabet til at indgå indrømmelser. Vi har ikke inkluderet transaktionen i vores estimater.

UPM-Kymmene
Press release26.08.2026, 10.10

UPM-Kymmene Oyj: UPM receives European Commission's Statement of Objections

UPM-Kymmene
Regulatory press release17.08.2026, 15.00

UPM-Kymmene Oyj: The Finnish Financial Supervisory Authority has approved a supplement to WISA Group Plc's demerger and listing prospectus

UPM-Kymmene
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
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