2021 ended on a strong note for UPM-Kymmene, with profitability exceeding pre-pandemic highs. This performance was led by all segments (particularly pulp and energy), except for legacy and speciality papers, and helped overshadow cost challenges. Moreover, despite an aggressive capex, the dividend and, hence, industry-leading yield was maintained.
Even though management is confident of the 2022 market dynamics, cost escalation and delay at mega-pulp investment in LatAm has unnerved investors. H ....
27 Jan 2022
Impressive results, blotted by pulp investment ‘cost escalation + delay’
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Impressive results, blotted by pulp investment ‘cost escalation + delay’
2021 ended on a strong note for UPM-Kymmene, with profitability exceeding pre-pandemic highs. This performance was led by all segments (particularly pulp and energy), except for legacy and speciality papers, and helped overshadow cost challenges. Moreover, despite an aggressive capex, the dividend and, hence, industry-leading yield was maintained.
Even though management is confident of the 2022 market dynamics, cost escalation and delay at mega-pulp investment in LatAm has unnerved investors. H ....