Q1 2025 UPM-Kymmene Oyj Earnings Call Transcript
Hello everyone. Welcome to UPM's quarter one 2025 Results Webcast. My name is Massimo Reynaudo, I'm the CEO of UPM.
I'm here with Tapio Korpeinen, the CFO of UPM. Today we will share the main facts and figures of our business during the past months, and we will share some views about how we have prepared to deal with the uncertainty in the current global economic and trading environment.
But let's start with quarter one. We had a good start of the year and improved our business performance compared to the previous quarter. Markets improved in pulp and advanced materials, whereas they continue to be challenging in communication papers and decarbonization solutions. Our actions to sharpen competitiveness initiated last year started to bear visible fruits in several areas.
Quarter one sales were on the same level as last year. Comparable EBIT totaled EUR287 million or 10.8% of sales, which is 14% lower than in quarter one last year. In the quarter, we continue to take
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