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UPM-Kymmene

24.17 EUR-0.08 %7.10, 17.29
22,150 following

UPM

NASDAQ Helsinki

Paper & Forest Products

Basic Materials

Overview
Financials & Estimates
Dividend
Investor views
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-0.08 %
-0.29 %
+4.68 %
-9.51 %
-2.50 %
+6.66 %
-25.49 %
-21.30 %
+199.39 %

UPM-Kymmene is active in the forest industry. The company currently works with the development of wood biomass and biofuel. The product portfolio is broad and includes, for example, biochemicals, printing materials, paper, and timber. The company has operations on a global level, with the largest presence around the European market. The head office is located in Helsinki.

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Market cap
12.76B EUR
Turnover
16.58M EUR
P/E (adj.) (26e)
17.79
EV/EBIT (adj.) (26e)
16.85
P/B (26e)
1.29
EV/S (26e)
1.72
Dividend yield-% (26e)
6.21 %
Coverage
Recommendation
Reduce
Target price
22.00 EUR
Updated
24.07.2026
Antti Viljakainen
Antti Viljakainen

Head of Research

Latest research

Latest analysis report

Released: 24.07.2026

Revenue and EBIT-%
EPS and dividend
Financial calendar
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Business risk
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Forum discussions
UPM has today published a stock exchange release regarding the joint venture with Sappi and the European Commission’s “concerns” about the corporate transaction. Exceptionally punchy text, and I couldn’t agree more. The Commission seems to think that you can get by in Europe on a...
10/5/2026, 9:07 AM
by mikde
23
Here is the release. EU bureaucrats have previously seen a need for ‘EU Champions’, but attempting to restructure a declining business more optimally apparently isn’t necessarily one of them. Inside information: European Commission has reiterated its serious concerns regarding the...
10/5/2026, 10:07 AM
by Opa
18
This is an interesting point. So all or nothing. They could appease the Commission by selling one fine paper mill and one LWC mill. That might already be enough. But then the business case for the merger would no longer work. The joint venture wants to retain the customer relationships...
yesterday
by Logitech
10
Further speculation regarding WISA and the potential combined Sappi-UPM paper company: “Five separate business areas will still remain within UPM. An investor can now speculate whether the energy segment or label materials (Adhesive Materials) will be next to go.” Talouselämä – 1...
10/5/2026, 2:15 PM
by PörssiPatruuna
10
In my opinion, the piece didn’t offer any new perspective. Everything had already been brought up here on the forum before. My own attention is already starting to shift toward the Q3 results and whether someone in Finland will make “final decisions” on the pulp side, or if they’...
yesterday
by Logitech
6
Tässä on Antin kommentit, kun UPM ja Sappi ovat saaneet EU:n komissiolta nihkeän kirjeen yhteisyritykseen liittyen. Uutinen ei ollut meille yllätys, sillä kilpailuviranomaisten nihkeä suhtautuminen hankkeeseen on ollut tiedossa, ja kommentoimme aiheeseen liittynyttä Reutersin uutista...
yesterday
by Sijoittaja-alokas
5
The “European champion” concept is based on the idea that it would be beneficial to have European players capable of competing with American and Chinese companies. UPM/Sappi doesn’t fit this mold very well, as such competitors do not exist in graphic papers. One could argue this ...
yesterday
by John Galt
3
Read more on our forum
Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
28.10
2026

Interim report Q3'26

30.10
2026

Half year dividend

UPM og Sappi forsøger at vende EU-Kommissionens lunkne holdning med indrømmelser
Analyst Comment06.10.2026, 06.40 by
Antti Viljakainen

UPM og Sappi forsøger at vende EU-Kommissionens lunkne holdning med indrømmelser

EU-Kommissionens lunkne holdning og afvisning af et salg af fabrikkerne øger risikoen for, at UPM's og Sappis papirfusion falder til jorden.

UPM-Kymmene
Regulatory press release05.10.2026, 10.30

Inside information: European Commission has restated its serious concerns about planned graphic paper Joint Venture; UPM and Sappi continue to address these concerns

UPM-Kymmene
Reuters: Europæiske konkurrencemyndigheder er på vej til at blokere fusionen mellem UPM's og Sappis papirforretningsområder
Analyst Comment21.09.2026, 06.45 by
Antti Viljakainen

Reuters: Europæiske konkurrencemyndigheder er på vej til at blokere fusionen mellem UPM's og Sappis papirforretningsområder

Konkurrencemyndighedernes holdning til projektet har efter vores opfattelse været usikker helt fra starten, så en afvisning af fusionen ville ikke være en overraskelse. Efter vores opfattelse ville et nej fra EU-Kommissionen være en anelse negativt for UPM's aktie, men det ville ikke have nogen umiddelbar indvirkning på vores investeringsbetragtning om selskabet. Hvis fusionen falder til jorden, vil UPM sandsynligvis fortsætte med at drive papirforretningen selv. 

UPM-Kymmene

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Regulatory press release18.09.2026, 11.20

The Finnish Financial Supervisory Authority has approved a supplement to WISA Group Plc's demerger and listing prospectus: Lasse von Hertzen appointed as the Chief Financial Officer of WISA Group Plc

UPM-Kymmene
Press release14.09.2026, 14.07

UPM-Kymmene Oyj: UPM and Sappi nominate management team for planned graphic paper joint venture

UPM-Kymmene
Press release08.09.2026, 13.00

UPM-Kymmene Oyj: UPM and Sappi select management nominees for planned graphic paper Joint Venture

UPM-Kymmene
Press release01.09.2026, 09.00

UPM-Kymmene Oyj: Invitation to the Capital Markets Day 2026 of future WISA Group

UPM-Kymmene
Analyst Comment01.09.2026, 07.05 by
Aapeli Pursimo

UPM's generalforsamling godkendte dannelsen af WISA Group

Beslutningen var i overensstemmelse med vores forventninger, og vi havde allerede indregnet den i vores estimater.

UPM-Kymmene
Regulatory press release31.08.2026, 14.30

UPM-Kymmene Oyj: Resolutions of UPM-Kymmene Corporation's Extraordinary General Meeting

UPM-Kymmene
Analyst Comment27.08.2026, 07.00 by
Antti Viljakainen

Bruxelles stejler over UPM's og Sappis papirtransaktion

Efter vores vurdering kan Kommissionen enten godkende eller afvise aftalen eller tvinge selskabet til at indgå indrømmelser. Vi har ikke inkluderet transaktionen i vores estimater.

UPM-Kymmene
Press release26.08.2026, 10.10

UPM-Kymmene Oyj: UPM receives European Commission's Statement of Objections

UPM-Kymmene
Regulatory press release17.08.2026, 15.00

UPM-Kymmene Oyj: The Finnish Financial Supervisory Authority has approved a supplement to WISA Group Plc's demerger and listing prospectus

UPM-Kymmene
Regulatory press release29.07.2026, 12.00

UPM-Kymmene Corporation: Managers' Transactions (Kekki)

UPM-Kymmene
UPM Q2'26: Udsigterne på kort sigt skuffede, som vi frygtede
Research24.07.2026, 05.55 by
Antti Viljakainen

UPM Q2'26: Udsigterne på kort sigt skuffede, som vi frygtede

Det samlede billede af UPM's Q2 regnskab var efter vores mening negativt, da selskabets H2-forventninger skuffede, som vi frygtede i vores preview.

UPM-Kymmene
UPM Interim Report for January–June 2026
Webcast23.07.2026, 12.15

UPM Interim Report for January–June 2026

UPM-Kymmene
Regulatory press release23.07.2026, 08.30

UPM Half Year Financial Report 2026: Improved second quarter results in all businesses and portfolio change progressing

UPM-Kymmene
UPM Q2'26 preview: Risiciene for de nærmeste udsigter er fortsat nedadgående
Analyst Comment21.07.2026, 06.49 by
Antti Viljakainen

UPM Q2'26 preview: Risiciene for de nærmeste udsigter er fortsat nedadgående

Den svage nyhedsstrøm inden for skovsektoren gør, at risiciene forbundet med regnskabsmeddelelsen for resten af året er nedadgående.

UPM-Kymmene
Regulatory press release16.07.2026, 15.00

UPM-Kymmene Oyj: The Finnish Financial Supervisory Authority has approved WISA Group Plc's demerger and listing prospectus. WISA Group Plc's Group Leadership Team appointed.

UPM-Kymmene
Regulatory press release16.07.2026, 12.00

UPM-Kymmene Oyj: Notice of the Extraordinary General Meeting of UPM-Kymmene Corporation

UPM-Kymmene
Press release16.07.2026, 09.00

UPM-Kymmene Oyj: Invitation to UPM's webcast on the half-year financial report 2026

UPM-Kymmene