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    UPM   FI0009005987

UPM-KYMMENE OYJ

(UPM)
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UPM-Kymmene Says European Commission Conducted Unannounced Inspection at Premises

10/12/2021 | 05:31am EST

By Dominic Chopping

Finnish pulp and paper manufacturer UPM-Kymmene Oyj said Tuesday that the European Commission is conducting an unannounced inspection at its premises.

A press release from the commission Tuesday said it is conducting unannounced inspections at the premises of companies active in the wood pulp sector in several member states amid concerns they may have violated European Union antitrust rules that prohibit cartels and restrictive business practices.

"At this stage, UPM does not have information on the outcome of the inspection," it said.

"UPM supports the commission in its investigation but cannot comment any further on the ongoing investigation," the company said.

UPM shares at 1115 GMT were trading down 3.8% at EUR29.89.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

10-12-21 0731ET

Stocks mentioned in the article
ChangeLast1st jan.
HOLMEN AB (PUBL) -1.49% 416.8 Delayed Quote.7.49%
METSÄ BOARD OYJ -0.06% 8.825 Delayed Quote.2.44%
STORA ENSO OYJ -1.11% 16.025 Delayed Quote.3.42%
SVENSKA CELLULOSA AKTIEBOLAGET SCA -0.91% 152.8 Delayed Quote.7.57%
UPM-KYMMENE OYJ -0.71% 33.57 Delayed Quote.10.90%
All news about UPM-KYMMENE OYJ
12/01Record number of artworks at light festival Lux Helsinki
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11/24UPM continues to aim for business-specific collective bargaining with the Paperworkers'..
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11/24UPM KYMMENE OYJ : Raflatac announces further progress towards the Ellen MacArthur Foundati..
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11/23UPM KYMMENE OYJ : continues to aim for business-specific collective bargaining with the Pa..
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11/15UPM KYMMENE OYJ : included in the Dow Jones Sustainability Index for 10 years in a row
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11/05UPM-KYMMENE CORPORATION : Managers' Transactions (à Porta)á
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11/04UPM Raflatac first to launch thermal paper labels with 100% recycled fibers
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11/01Touch the brilliant colours, face the value of print – UPM's renewed CMR offering
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10/26UPM-Kymmene Oyj Reaffirms Earnings Guidance for the Full Year of 2021
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10/26UPM's financial reports and Annual General Meeting in 2022
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More news
Analyst Recommendations on UPM-KYMMENE OYJ
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Financials
Sales 2021 9 685 M 10 931 M 10 931 M
Net income 2021 1 271 M 1 435 M 1 435 M
Net Debt 2021 1 103 M 1 245 M 1 245 M
P/E ratio 2021 14,4x
Yield 2021 3,90%
Capitalization 18 021 M 20 257 M 20 339 M
EV / Sales 2021 1,97x
EV / Sales 2022 1,94x
Nbr of Employees 17 085
Free-Float 97,2%
Chart UPM-KYMMENE OYJ
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UPM-Kymmene Oyj Technical Analysis Chart | MarketScreener
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Technical analysis trends UPM-KYMMENE OYJ
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 33,79 €
Average target price 35,84 €
Spread / Average Target 6,07%
EPS Revisions
Managers and Directors
Jussi Pesonen President & Chief Executive Officer
Tapio Juhani Korpeinen Chief Financial Officer & Executive Vice President
Bj÷rn Arne Christer Wahlroos Chairman
Winfried Schaur Executive Vice President-Technology
Berndt Harald Brunow Deputy Chairman
Sector and Competitors
1st jan.Capi. (M$)
UPM-KYMMENE OYJ10.90%20 257
STORA ENSO OYJ3.42%14 436
SUZANO S.A.-0.38%13 929
SVENSKA CELLULOSA AKTIEBOLAGET SCA7.57%11 871
SCG PACKAGING PUBLIC COMPANY LIMITED51.81%8 036
HOLMEN AB (PUBL)7.49%7 572