Feb 05, 2025 / 11:15AM GMT
Massimo Reynaudo - UPM-Kymmene Oyj - President, Chief Executive Officer, Member of the Group Executive Team
Hello, everyone. Welcome to UPM quarter four and full year 2024 results webcast. My name is Massimo Reynaudo, I'm the CEO of UPM. Here with me is Tapio Korpeinen, the CFO. We will soon illustrate the main facts and achievements of 2024 and share some views about what's ahead of us in 2025. But let's start with the performance about the full year 2024.
Well, we improved our performance from the previous year and our comparable EBIT increased by 21%. This was driven by a good contribution from our pulp mill in Paso de los Toros and by a moderate improvement in advanced material deliveries.
As you may recall, the year started a strong recovery of the demand from the low levels of 2023. But in the second half of the year, the recovery slowed down. In this environment, we implement the decisive measures to improve our performance. For example, we reduced our fixed cost substantially, EUR103 million, in comparison with the year before.
Also, during the second half of 2024, we
Q4 2024 UPM-Kymmene Oyj Earnings Call Transcript
Feb 05, 2025
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