UPM Plywood’s Q3 performance in the red due to lower delivery volumes

UPM Plywood reported a decrease in comparable EBIT for Q3 2023 compared to both Q3 2022 and Q2 2023. Lower delivery volumes were cited as the primary cause, although partially offset by increased sales prices.  Market conditions added further complexity to the company's performance, with a persistently feeble demand for spruce plywood and veneer during Q3 2023, largely due to a sluggish growth trajectory in the building and construction sector. Additionally, the moderation in the demand for birch plywood in panel trading and industrial applications towards the end of the quarter contrasted with the robust demand observed in ...