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Jul 23 2024, 08:23 IST/BST
UPM’s €182m Q2 2024 comparable EBIT is a 16% consensus miss from lower-than-expected 1) Energy (electricity) and 2) Other (biofuel) division performance. We expect modest (sub-5%) downgrades to UPM 2024E €1,429m comparable EBIT consensus, with a focus on H2 2024E 1) pulp, 2) label and 3) graphic paper demand and pricing outlook at UPM’s 11:15 (12:15 CET) earnings call.
Jul 23 2024, 08:23 IST/BST