Decisive actions to improve performance, accelerate growth and deliver value are in the UPM financial statements release.
The highlights of Q4 2024.
The highlights of 2024.
There are key figures.
The results were commented on by the President and CEO.
The performance of the company improved from the previous year, but the recovery in our product markets slowed down in the second half of the year.
Excluding the fair value increase of our forest assets, our business performance was on.
The railway from UPM Paso de los Toros to the port of Montevideo was in full use by the end of the year.
With a broad portfolio of attractive businesses and valuable assets, we will be able to enhance the value of the company in the current uncertain operating environment.
The first year of full production at the Paso de los Toros mill will be in 2025.
We have been able to operate our well-maintained mills thanks to our new operating model.
UPM Raflatac has a strong position in the global labelling markets.
UPM Biofuels had a negative impact on our result in decarbonisation solutions due to the downturn in the renewable fuels market.
Commercial interest for our products and side streams has been confirmed with customer agreements.
The Leuna Biorefinery has made good progress, but there are some corrective works that need to be done.
The attractive business case in biochemicals remains positive.

Source prnewswire