Full Year 2022 UPM-Kymmene Oyj Earnings Call Transcript

Feb 15, 2024

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Feb 02, 2023 / 11:15AM GMT
Jussi Pesonen - UPM-Kymmene Oyj - President & CEO

Dear colleagues, dear audience, welcome to UPM's Fourth Quarter and Full Year 2022 Result Webcast. My name is Jussi Pesonen, I am the CEO of UPM. And as always, I'm here with our CFO, Tapio Korpeinen.

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

Hello to everyone on the line.

Jussi Pesonen - UPM-Kymmene Oyj - President & CEO

So let's get started. 2022 was a pivotal year for UPM. We delivered all-time high annual sales and earnings driven by success across all of the businesses that we have. This shows UPM's resilience in exceptional environment marked by high inflation and Ukraine's war or Russian war in Ukraine and the European energy crisis.

Fourth quarter results were excellent too. It was the second best quarter ever for UPM. At the same time, our transformative growth projects proceeds well, getting ready to deliver growth in earnings, and of course, volumes already this year.

At the same time -- and

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