{
  "id": 16875140,
  "title": "UPM-Kymmene tumbles as Q3 profit misses on customer destocking",
  "url": "https://urgent.news/2026/10/28/upm-kymmene-tumbles-as-q3-profit-misses-on-customer-destocking",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T08:52:48.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/earnings/upmkymmene-tumbles-as-q3-profit-misses-on-customer-destocking-93CH-4977812"
  },
  "original_language": "en",
  "account": "Helsinki - UPM-Kymmene Corporation reported weaker-than-expected third-quarter earnings, falling short of analyst forecasts. The Finnish company's comparable EBIT for the period amounted to €131 million, which fell short of the estimated €204.4 million. The dip in performance was attributed to reduced deliveries due to customer restocking activities and higher variable costs. The company's revenue for Q3 stood at €2.2 billion, marking a slight year-over-year decline of 1% compared to €2.2 billion in the same quarter of 2025. UPM-Kymmene's comparable EBIT witnessed an 8% decrease from €142 million in the previous year, representing 5.9% of sales, down from 6.4% in the prior period. Despite the earnings miss, the company's operating cash flow surged to €420 million, up from €218 million in Q3 2025, a positive outcome driven by enhancements in working capital efficiency. For the later half of 2026, UPM-Kymmene projected a comparable EBIT range for continuing operations between €375 million and €575 million, slightly lower than the €479 million of the latter half of 2025. The midpoint of €475 million indicates a marginal decline from the prior year's figure. The company's outlook acknowledged the ongoing uncertainties surrounding geopolitics and trade, suggesting lower delivery volumes in the second half of the year, albeit with moderate growth in sales prices to offset the impact. UPM-Kymmene also anticipated higher variable costs in the second half, coupled with potential support from energy refunds in the fourth quarter. The ramp-up at UPM Leuna was expected to moderately elevate costs. Additionally, the company noted that the fair value change of forest assets would have a smaller effect on comparable EBIT in the second half of 2026 compared to the €131 million impact observed in the same period of the previous year.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}