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Apr 25 2024, 08:20 IST/BST
UPM’s Q1 2024 comparable EBIT of €333m represents a 27% consensus beat due to higher-than-expected profit in its (1) Fibre (pulp making) and (2) Energy divisions. Reassuringly, post recent delays, UPM’s new Uruguay pulp mill ramp-up appears on track. Expect c.5% upgrades to UPM’s €1.26bn 2024E comparable EBIT consensus ahead of the 11:15 (12:15 CET) earnings call.
Apr 25 2024, 08:20 IST/BST