UPM-Kymmene Oyj reported a 71% year-on-year increase in comparable EBIT from continuing operations to EUR212 million, representing 9% of sales, for the first half of 2026. Sales from continuing operations saw slight growth to EUR2.355 billion, while the EBIT margin expanded from 5.3% to 9%. The Biofuels segment achieved a 35% EBIT margin, and Fiber South delivered comparable EBIT of EUR101 million, or 24% of sales. However, Fibers North posted a comparable EBIT loss of EUR10 million, and the company expects higher operating expenses and depreciation from the biochemicals ramp-up to create headwinds in the second half. UPM-Kymmene also signed a definitive agreement with Sappi to form a graphic paper joint venture and advanced the separation of its plywood business into the future WISA Group.
UPM-Kymmene OyjComparable EBIT surged 71% to EUR212 million, EBIT margin expanded from 5.3% to 9%.
SAP SEUPM signed a definitive agreement with Sappi to form a graphic paper joint venture.