Daily updates on the state of the timber markets, delivered straight to your inbox.

November 6, 2020

Sharp fall for UPM’s profits in Q3/2020

Finnish forestry product giant UPM reported a larger than anticipated drop in profits in its third quarter.  The company said its profits fell to 215 million euros during Q3, compared with 342 million in profit a year ago. Net sales decreased by 19 percent to two billion euros, due to a decline in deliveries of paper as well as lower pulp and paper prices.  Jussi Pesonen, UPM's president and CEO, said the company's performance was satisfactory in light of the coronavirus crisis.  "During Q3 we delivered on many fronts: performance, cost reduction ...

Register for unlimited access

We work hard to bring you the latest news in the world of international wood industry. The article you are currently reading is available only to registered users.

By registering you gain access to:

  • Thousands of quality articles
  • In-depth analyses of market trends
  • Exclusive market price insights
  • And much more!

Checkout Options
All this for only 290 EURO/year!
Create Profile
password strength indicator
Billing Method
Billing Address
Checkout Now

Newsletter

Daily updates on the state of the timber markets, delivered straight to your inbox.