UPM-Kymmene Oyj Q1 2023 Earnings Call Transcript - Thomson StreetEvents

UPM-Kymmene Oyj Q1 2023 Earnings Call Transcript

UPM-Kymmene Oyj Q1 2023 Earnings Call Transcript - Thomson StreetEvents
UPM-Kymmene Oyj Q1 2023 Earnings Call Transcript
Published Apr 25, 2023
12 pages (7815 words) — Published Apr 25, 2023
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Abstract:

Edited Transcript of UPM.HE earnings conference call or presentation 25-Apr-23 10:15am GMT

  
Brief Excerpt:

...Let's get started. Ladies and gentlemen, we have 2 main topics to be discussed today. First, we delivered solid Q1 results, even though it was clearly held back by short-term lack of volumes. And secondly, I am absolutely excited that we have successfully completed 2 of our transformative major growth projects. This is a very important milestone that we had 2 weeks ago within UPM. The Paso de los Toros pulp mill in Uruguay is currently ramping up the production and is already producing high-quality sellable pulp. At the same time, Olkiluoto 3 nuclear power plant unit here in Finland is now in regulatory commercial production. Both investments will contribute to UPM's results and future opportunities for decades to come. Ladies and gentlemen, our Q1 result was the second best first quarter in over 20 years. Our sales grew by 11% from that of last year, and our comparable EBIT grew by 29% to be on EUR 356 million. Operating cash flow was strong at EUR 740 million. The main positive driver...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
UPM-Kymmene Oyj
Ticker
UPM.HE
Time
10:15am GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Linus Larsson - SEB, Research Division - Analyst : I'd like to drill down on specialty papers for a minute. If you could please elaborate a bit about what the developments were in the first quarter? I see that on aggregate, volumes were flattish Q1 on Q4, but margins came off quite sharply. If you -- as you often do split it up into office and the specialty grades. Could you please describe the developments maybe the destocking and price movements that you have seen and are seeing in those subsegments, please? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.

Question: Linus Larsson - SEB, Research Division - Analyst : Great. And the current developments in the second quarter, how are these businesses developing now in terms of volume demand pricing?

Question: Linus Larsson - SEB, Research Division - Analyst : Great. And then just maybe a detail on Paso de los Toros. You did share some details there. But it sounds like we shouldn't be too worried about some start-up costs in the second quarter. Or are there some short-term impacts there? And from what date are you starting to depreciate the assets?

Question: Linus Larsson - SEB, Research Division - Analyst : And depreciation, is that from mid-April then or...

Table Of Contents

UPM-Kymmene Oyj Q3 2023 Earnings Call Transcript – 2023-10-24 – US$ 54.00 – Edited Transcript of UPM.HE earnings conference call or presentation 24-Oct-23 10:15am GMT

Half Year 2023 UPM-Kymmene Oyj Earnings Call Transcript – 2023-07-25 – US$ 54.00 – Edited Transcript of UPM.HE earnings conference call or presentation 25-Jul-23 10:15am GMT

UPM-Kymmene Oyj Growth and Product Innovation Presentation Transcript – 2023-03-07 – US$ 54.00 – Edited Transcript of UPM.HE conference call or presentation 7-Mar-23 1:00pm GMT

Full Year 2022 UPM-Kymmene Oyj Earnings Call Transcript – 2023-02-02 – US$ 54.00 – Edited Transcript of UPM.HE earnings conference call or presentation 2-Feb-23 11:15am GMT

UPM-Kymmene Oyj Pulp Growth Presentation Transcript – 2022-12-13 – US$ 54.00 – Edited Transcript of UPM.HE conference call or presentation 13-Dec-22 1:00pm GMT

UPM-Kymmene Oyj Q3 2022 Earnings Call Transcript – 2022-10-25 – US$ 54.00 – Edited Transcript of UPM.HE earnings conference call or presentation 25-Oct-22 10:15am GMT

UPM-Kymmene Oyj Q2 2022 Earnings Call Transcript – 2022-07-21 – US$ 54.00 – Edited Transcript of UPM.HE earnings conference call or presentation 21-Jul-22 10:15am GMT

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MLA:
Thomson StreetEvents. "UPM-Kymmene Oyj Q1 2023 Earnings Call Transcript" Apr 25, 2023. Alacra Store. May 18, 2024. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2023-UPM-Kymmene-Oyj-Earnings-Call-T15552128>
  
APA:
Thomson StreetEvents. (2023). UPM-Kymmene Oyj Q1 2023 Earnings Call Transcript Apr 25, 2023. New York, NY: Alacra Store. Retrieved May 18, 2024 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2023-UPM-Kymmene-Oyj-Earnings-Call-T15552128>
  
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