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

Q1 2025 highlights

• Sales totaled €2,646 million (2,640 million in Q1 2024)
• Comparable EBIT decreased by 14% to €287 million, 10.8% of sales (333 million, 12.6%)
• Operating cash flow was €289 million (335 million)
• Gradually improving markets in pulp and advanced materials
• Actions to sharpen competitiveness started to bear fruit
• UPM acquired Metamark, a UK-based company, to accelerate UPM Raflatac's growth
• UPM Communication Papers announced a plan to reduce paper capacity in Germany and streamline its structure
• UPM commenced a share buy-back program and repurchased 6 million shares for a total of approximately €160 million
• UPM was listed as the only forest and paper industry company in the Dow Jones Global and European Sustainability Indices (DJSI) for the years 2024–2025
• UPM was recognized among the top sustainability performers by CDP and S&P Global