Q2 2021 UPM-Kymmene Oyj Earnings Call Transcript

Feb 15, 2024

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Jul 22, 2021 / 10:15AM GMT
Jussi Pesonen - UPM-Kymmene Oyj - President & CEO

Dear audience, dear UPM owners, welcome to UPM's Second Quarter 2021 Result Webcast. My name is Jussi Pesonen. I'm the CEO of UPM, and I'm here with our CFO, Tapio Korpeinen.

Tapio Juhani Korpeinen - UPM-Kymmene Oyj - CFO & Executive VP of UPM Energy

Hello to everyone.

Jussi Pesonen - UPM-Kymmene Oyj - President & CEO

And I would like to start with 3 key messages. First of all, in Q2, we continued to show rapid recovery in our earnings. We expect to improve -- improvement to continue in the second half of the year as well. Secondly, our transformative growth projects in Uruguay and in biochemicals in Germany continue in the scheduled and in budget, as planned. And thirdly, UPM's Biofore strategy is set to create long-term value in this world, where the consumers, businesses and governments are actively looking for sustainable solutions.

Ladies and gentlemen, all in all, UPM is fit for the future growth. Our Q2 sales grew by 15%, our comparable EBIT

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