UPM improves its profit outlook for 2021
Pulp demand has continued to be good and pulp prices have increased faster than expected

UPM improves its outlook for 2021. Comparable EBIT is now expected to increase both in H1 2021 compared with H1 2020, and in the full year 2021 compared with 2020. Earlier, the company expected its comparable EBIT in H1 2021 to be lower than in H1 2020.

UPM’s comparable EBIT in Q1 2021 was EUR 279 million, in line with Q1 2020.

• Pulp demand has continued to be good and pulp prices have increased faster than expected.
• At the same time, strong markets have continued for labelling materials, specialty papers and energy.
• Demand and pricing for communication papers have materialised as expected, decreasing from the comparison periods.

UPM is currently in its pre-result silent period. The company will publish its Interim Report Q1 2021 on 27 April 2021.

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UPM has also rescheduled the maintenance shutdown at the UPM Kymi pulp mill from Q2 to Q4 2021.
The maintenance shutdowns at the UPM Fray Bentos pulp mill and at the Olkiluoto power plant will be carried out in Q2 2021, as planned.

Источник: UPM