UPM sales fall in Q3/2023, company sees reasons for optimism

In July-September, UPM's net sales fell by 24 percent from the previous year to 2.6 billion euros. Comparable operating profit, on the other hand, fell by 72 percent to 220 million euros. January-September net sales decreased by 7 percent to 7.9 billion euros. Comparable operating profit fell by 52 percent to 689 million euros. Although the performance of the third quarter was weighed down by the decline in pulp and electricity sales prices, the company sees reason for optimism. The start of production at the UPM Paso de los Toros pulp mill and ...