UPM Q2 2026 Results Improve Across Businesses; Portfolio Change Progressing
UPM-Kymmene Corporation reported improved results in all its businesses for the second quarter of 2026, with comparable EBIT rising 71% to €212 million. The company also announced progress in its portfolio transformation, including a definitive agreement for a graphic paper joint venture with Sappi.
UPM-Kymmene Corporation announced a stronger performance in the second quarter of 2026, with all business segments reporting improved results compared to the previous year. Sales reached €2,355 million, a slight increase from €2,341 million in Q2 2025. The company's comparable EBIT saw a significant jump of 71%, reaching €212 million, or 9.0% of sales, up from €124 million (5.3% of sales) in the prior-year period.
The company is advancing its strategic portfolio changes. A key development is the signing of a definitive agreement with Sappi to form a joint venture for their graphic paper businesses. This move is part of UPM's ongoing strategy to sharpen its focus on core operations and optimize its business portfolio.
Additionally, UPM's Board of Directors has approved a plan, the specifics of which were not detailed in the interim report. The company has previously outlined its commitment to operational enhancements and profitability growth across its diverse business units.
These results suggest a positive operational trend for UPM, with each business area contributing to the overall earnings improvement for the quarter. The formation of the Sappi joint venture is subject to customary closing conditions and regulatory approvals.