trending Market Intelligence /marketintelligence/en/news-insights/trending/tGV8wWFhs9ddPKO8bYaT5A2 content esgSubNav
In This List

UPM-Kymmene Q3 profit climbs 6.3% YOY

Blog

Europe: 5 key OTT trends to watch in 2022

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


UPM-Kymmene Q3 profit climbs 6.3% YOY

UPM-Kymmene Oyj said its third-quarter normalized net income was 42 euro cents per share, compared with the S&P Capital IQ consensus estimate of 49 cents per share.

EPS rose 7.5% year over year from 39 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €223.1 million, a gain of 6.3% from €210.0 million in the year-earlier period.

The normalized profit margin rose to 8.9% from 8.6% in the year-earlier period.

Total revenue grew on an annual basis to €2.49 billion from €2.44 billion, and total operating expenses rose on an annual basis to €2.11 billion from €2.08 billion.

Reported net income grew 6.7% on an annual basis to €286.0 million, or 54 cents per share, from €268.0 million, or 50 cents per share.