Loading, Please wait ...

Please contact us if you would like to upgrade your account to include access to financial models

Please contact us if you would like to upgrade your account to include short term strategies for this stock.

UPMKY.PK

ISIN: US9154361094
SEDOL: 2899585

Rating:

HOLD

Target Price:

12.60 USD

Investment Horizon:

6 to 12 months
16th Dec 2008 View Report   Download

3Q 08 Update Report

CLICK VIEW REPORT TO READ FREE REPORT

UPM-Kymmene OYJ (UPM) reported marginally lower revenues y-o-y in 3Q 08 due to weakness in the Papers and Wood Products divisions. Operating profitability was above our expectations due to greater-than-expected savings from restructuring and cost control. Although price realizations improved in 3Q 08 for several paper grades, soft global demand is expected to dampen volumes and prices in FY 2009 and FY 2010, while operating…

13th Nov 2008 View Report   Download

Company News Alert

CLICK VIEW REPORT TO READ FREE REPORT

The UPM Kymmene OYJ (UPM) common stock has rebounded sharply since our last update report, reflecting positive reaction to company efforts to cut costs through restructuring measures, as well as healthy 3Q 08 operating results. Nevertheless, we remain concerned about the company’s demand and pricing outlook, and therefore maintain our SELL rating.We expect to revert to a 6-12 month investment horizon to value the company in our next update…

29th Oct 2008 View Report   Download

3Q 08 News Alert

CLICK VIEW REPORT TO READ FREE REPORT

UPM-Kymmene OYJ (UPM) reported disappointing top-line results for 3Q 08, reflecting slower demand from Europe. Meanwhile, in reaction to the company’s restructuring initiatives, the common stock price has appreciated strongly since our last update report, dated 17 October 2008, despite higher cost pressures and falling demand. Nevertheless, given our concerns over the demand and pricing outlook, we do not anticipate a change in our SELL…

17th Oct 2008 View Report   Download

2Q 08 Update Report

CLICK VIEW REPORT TO READ FREE REPORT

UPM-Kymmene OYJ (UPM) reported a decline in 2Q 08 revenues due to weak performances from Newsprint and Magazine papers, coupled with negative growth in the Wood Products segment. Despite steady price improvement for almost all paper grades in FY 2008, going forward in FY 2009, we expect prices to fall due to weakening demand in Europe. Although the company’s restructuring activities will improve profitability in the long term…

24th Jul 2008 View Report   Download

2Q 08 News Alert

CLICK VIEW REPORT TO READ FREE REPORT

UPM-Kymmene OYJ’s (UPM) reported q-o-q as well as y-o-y decline in revenues as well as earnings in 2Q 08. Although revenues came in below market expectations, earnings were in line during the quarter....