UPM Interim Report Q1 2025: Good start to the year with actions to sharpen competitiveness

Massimo Reynaudo, President and CEO, comments on the results: “We had a good start to the year and improved performance compared to the previous quarter. Markets were gradually recovering in pulp and advanced materials, while our actions to sharpen competitiveness started to bear fruit in several businesses. We made progress towards our growth ambition with the acquisition of Metamark, and we completed our first share buy-back program by early April.

In Q1, our sales were €2,646 million, broadly in line with the preceding quarter as well as with Q1 2024. Comparable EBIT was €287 million, down 14% from last year’s corresponding quarter. Operating cash flow was €289 million. Our financial position continues to be solid, with net debt to EBITDA ratio of 1.77 at the end of March.
details at: https://www.upm.com/about-us/for-media/releases/2025/04/upm-interim-report-q1-2025-good-start-to-the-year-with-actions-to-sharpen-competitiveness/

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