HS Visio | UPM’s earnings release line by line: Metsäjätti forged money, but doesn’t want to say directly that he is really a pulp giant

HS Vision read the forest giant UPM’s press release line by line and explains what the investor can think of the information provided by the company.

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UPM’s Tervasaari paper mill in Valkeakoski.

Alex af Heurlin HS

15:55 | Updated 16:12

Forestry company UPM said on Thursday a clear improvement in earnings. But how does the forestry company actually do its results and what can be read between the lines of its bulletin? HS Vision works company earnings release step by step through.

UPM’s second-quarter numbers are excellent at the headline level. Operating profit increased to EUR 307 million, while most analysts expected it to remain below EUR 300 million.

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