{"id":88157,"date":"2024-10-18T06:37:48","date_gmt":"2024-10-18T06:37:48","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/upm-to-lower-its-outlook-for-2024\/"},"modified":"2025-09-19T09:02:58","modified_gmt":"2025-09-19T09:02:58","slug":"upm-to-lower-its-outlook-for-2024","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/upm-to-lower-its-outlook-for-2024\/","title":{"rendered":"UPM to lower its outlook for 2024"},"content":{"rendered":"

UPM lowers its outlook for this year due to lower deliveries in most businesses and lower pulp prices.\u00a0<\/span><\/p>\n

During the second half of the year, UPM\u2019s earnings have improved, however\u00a0less than earlier expected. Comparable EBIT in Q3 2024 increased by 32% to EUR 291 million from Q3 2023, and 17% for the first nine months compared to last year. Comparable EBIT in Q4 2024 is expected to be on similar level or increase from Q4 2023 (Euro 323 million). Therefore, UPM\u2019s comparable EBIT in full-year 2024 is expected to be on similar level or increase from 2023.<\/p>\n

During the second half of the year, market demand for UPM\u2019s products has been weaker than expected, leading to lower delivery volumes in most businesses.<\/p>\n

On the positive side, the new UPM Paso de los Toros pulp mill has operated in full production since its first maintenance shutdown in June. However, the weakened pulp market and the high wood cost in Finland had a negative impact on the UPM Fibres business.<\/p>\n

Earlier, UPM expected its full-year 2024 comparable EBIT to increase from 2023, and its H2 2024 comparable EBIT to be higher than in H1 2024.<\/p>\n

UPM releases its preliminary results for Q3 2024. Sales decreased by 2% to Euro 2,521 million (2,584 million in Q3 2023). Comparable EBIT in Q3 2024 increased by 32% to Euro 291 million, 11.5% of sales (220 million, 8.5%).<\/p>","protected":false},"excerpt":{"rendered":"

UPM lowers its outlook for this year due to lower deliveries in most businesses and lower pulp prices.\u00a0 During the second half of the year, UPM\u2019s earnings have improved, however\u00a0less than earlier expected. Comparable EBIT in Q3 2024 increased by … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":95934,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716],"tags":[],"class_list":["post-88157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends"],"acf":[],"yoast_head":"\nUPM to lower its outlook for 2024 - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/upm-to-lower-its-outlook-for-2024\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UPM to lower its outlook for 2024 - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"UPM lowers its outlook for this year due to lower deliveries in most businesses and lower pulp prices.\u00a0 During the second half of the year, UPM\u2019s earnings have improved, however\u00a0less than earlier expected. 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