• UPM expects H2 2026 comparable EBIT from continuing operations of €375 million–€575 million, excluding Plywood.
• That compares with €479 million in H2 2025 and €471 million in H1 2026.
• Second-half delivery volumes are expected to decline from the first half; moderately higher selling prices should partly offset rising variable costs.
• Q3 comparable EBIT fell 8% to €131 million as customer destocking reduced deliveries and variable costs increased.
• Leuna’s integrated production is delayed six months to Q2 2027, with nominal capacity expected in early 2028, a prerequisite for positive EBIT.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UPM-Kymmene Oyj published the original content used to generate this news brief on October 28, 2026, and is solely responsible for the information contained therein.