UPM's Plywood division reported a challenging second quarter in 2024, marked by market fluctuations and strategic adjustments. Sales for the division reached EUR 120 million, down 13.7% from EUR 139 million in Q2 2023. This decline was primarily due to lower sales prices and changes in the product mix, though delivery volumes increased by 13.4% to 110,000 m³. The Comparable EBITDA for Q2 2024 was EUR 21 million, accounting for 17.6% of sales, compared to EUR 26 million (18.7%) in the same period last year. Operating profit stood at EUR 16 million, or ...
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