Stora Enso said yesterday that it had improved its expectations for the full-year operating result . Now UPM has also issued a positive earnings warning and raised its earnings outlook.
Previously, the company estimated comparable operating profit for the first half of the current year to be at the same level as in the first half of 2021, and the full-year comparable operating profit for the current year was expected to be at or above the same level as in 2021. Now the company estimates that comparable operating profit will increase both in the first half of this year from the corresponding period of the previous year and in the whole year from 2021.
According to UPM, the strong market situation has continued in all of the company’s businesses. The start-up of the factories after the strike has also been successful and deliveries to customers have started quickly.
However, the company recalls that the outlook for this year is still subject to significant uncertainties. They relate to the war in Ukraine, the pandemic, economic growth, the exceptional situation in the energy market and the tight raw materials and logistics markets.
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