UPM-Kymmene has reported extraordinary preliminary performance figures for Q3 22. These are enviable numbers for a Europe-focused corporate – both in business and asset terms – especially at a time when many larger firms are battling serious challenges. While the detailed Q3 figures should be known in few days from now, it is clear that the business dynamics across most divisions were healthy. Overall, UPM remains our preferred sector bet, especially given its ability to withstand the current ma ....
