Q3 2020 UPM-Kymmene Oyj Earnings Call Transcript

Feb 15, 2024

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Oct 27, 2020 / 11:15AM GMT
Jussi Pesonen - UPM-Kymmene Oyj - President, CEO & Head of UPM Biorefining

Ladies and gentlemen, welcome to UPM's Quarter 3 2020 Result Webcast. My name is Jussi Pesonen. I'm the CEO of UPM. And I'm here with our CFO, Tapio Korpeinen.

Tapio Juhani Korpeinen - UPM-Kymmene Oyj - CFO & Executive VP of UPM Energy

Hello to everybody.

Jussi Pesonen - UPM-Kymmene Oyj - President, CEO & Head of UPM Biorefining

So welcome to this meeting. In Q3, we delivered several -- in several fronts. First of all, we achieved a satisfactory result in the highly exceptional circumstances resulting from the COVID-19 pandemic. Secondly, we took quite a lot of decisive actions and announced significant cost reduction measures to ensure our future performance.

In Communication Papers, we are rightsizing our production capacity and in support functions to level of expected demand for the actions. In several other businesses and global functions, we are further improving our cost efficiency. These cost efficiency measures

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