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UPM-Kymmene Oyj (UPM1V.HE)

UPM1V.HE on Helsinki Stock Exchange

22.11EUR
6:12am EST
Change (% chg)

€-0.23 (-1.03%)
Prev Close
€22.34
Open
€22.30
Day's High
€22.36
Day's Low
€22.03
Volume
314,542
Avg. Vol
1,244,332
52-wk High
€22.36
52-wk Low
€13.71

Latest Key Developments (Source: Significant Developments)

Finland's UPM beats market expectations in second quarter
Tuesday, 26 Jul 2016 02:15am EDT 

Upm-kymmene Oyj : Q2 adjusted EBIT increased by 21 percent to 264 million euros ($290.77 million) versus 248 million euros in Reuters poll [nL8N1A72JB] . Q2 sales 2,445 million euros versus 2,500 million in reuters poll . Repeats 2016 guidance . Says profitability improvement is expected to continue in 2016 .Says currencies are expected to contribute positively as hedges roll over, assuming relevant currencies stay at same level as at end of 2015.  Full Article

UPM-Kymmene invests EUR 98 mln in Kymi mill
Monday, 4 Jul 2016 01:30am EDT 

UPM-Kymmene Oyj : Invests 98 million euros ($109.16 million) in Kymi pulp mill to strengthen position in global pulp market . Says Kymi's annual pulp production capacity is expected to increase from 700,000 tonnes to 870,000 tonnes of bleached northern softwood and birch pulp by end of 2017 .New machinery will be connected to process during next pulp mill shut-down planned for autumn of 2017.  Full Article

UPM-Kymmene: court dismisses claim of Metsahallitus
Wednesday, 22 Jun 2016 06:40am EDT 

UPM-Kymmene Oyj : Helsinki District Court has dismissed the damages claim of Metsahallitus against UPM, Stora Enso Corporation and Metsaliitto Cooperative .claim was based on competition restriction concerning the raw wood market.  Full Article

UPM-Kymmene Corporation sells its Schwedt mill to LEIPA Georg Leinfelder GmbH
Tuesday, 26 Apr 2016 02:00am EDT 

UPM-Kymmene Corporation:Says has signed an agreement to sell its Schwedt newsprint mill site and relevant assets to LEIPA Georg Leinfelder GmbH for the aim of a conversion into liner production.Says transaction price is eur 70 million, subject to customary third party approvals.Says parties have agreed to enter into a contract manufacturing deal for newsprint for a transition period which would end latest by 2017.Says LEIPA will convert the mill into liner production.Says planned production capacity would be approximately 450,000 tonnes of liner annually.  Full Article

UPM-Kymmene closes Madison site, sells US hydro power assets
Monday, 14 Mar 2016 10:01am EDT 

UPM-Kymmene Corporation:Says closes Madison Paper Industries and plans to sell related hydro power assets in the U.S.Says paper business partnership with Northern SC Paper Corp., a subsidiary of the New York Times.Company, is expected to conclude by the end of May at the latest.Says the closure of the mill will reduce total of 195,000 tons of its supercalendered paper capacity.Says the closure will impact about 214 employees located at the Madison mill site the mill site.  Full Article

UPM-Kymmene Corporation: market court - UPM does not infringe Neste's patent at biorefinery
Thursday, 3 Dec 2015 07:20am EST 

UPM-Kymmene Corporation:Says Finnish market court has ruled that UPM does not infringe Neste's patent.Says UPM Biofuels' business and the deliveries of wood-based UPM BioVerno diesel will continue as usual.  Full Article

UPM-Kymmene in discussions with LEIPA on sale of UPM Schwedt mill
Tuesday, 17 Nov 2015 05:00am EST 

UPM-Kymmene Corporation:Says UPM and LEIPA Georg Leinfelder GmbH are discussing the potential sale of the UPM Schwedt mill site and relevant assets to LEIPA for the aim of a conversion into liner production.Says LEIPA will commence a study on the potential conversion at the Schwedt site immediately.Says the planned production capacity would be approximately 450,000 tons of liner annually.Says a number of issues remain open and discussions are expected to last several months.  Full Article

UPM-Kymmene joins China Sustainable Paper Alliance
Thursday, 1 Oct 2015 08:00pm EDT 

UPM-Kymmene Corporation:Chinese Forestry Industry Association and producers and buyers of paper and pulp products have established China Sustainable Paper Alliance.UPM is one of 10 founding members of this alliance.  Full Article

Finland's paper workers to protest labour reforms; most paper mills are owned by UPM-Kymmene and Stora Enso - media report - Reuters
Thursday, 10 Sep 2015 08:00pm EDT 

UPM-Kymmene Corporation:Finland's paper mills will shut down for a day next Friday in protest at the centre-right government's labour reform plans, Helsingin Sanomat daily said in its online edition - Reuters.Most of Finland's paper mills are owned by UPM-Kymmene and Stora Enso - Reuters.The government this week presented labour market reforms that included reductions in holidays and the amount of extra pay, a move that trade unions said went against Finland's traditional consensus politics - Reuters.  Full Article

Finland's UPM-Kymmene sells Tilhill Forestry to BSW Timber
Wednesday, 2 Sep 2015 04:00am EDT 

UPM-Kymmene Corporation:Says has concluded the sale of Tilhill Forestry Limited to BSW Timber Group in the United Kingdom.  Full Article

UPDATE 2-Paper makers UPM and Stora seek more cost cuts after results beat forecasts

* UPM shares up 10.4 percent, Stora up 3.2 percent (Adds Stora Enso results, comments from CEO and analysts)