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UPM-Kymmene


Actualités

B&M, LVMH, Ocado

EUROPE RESEARCH ROUNDUP-B&M, LVMH, Ocado July 24 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including B&M, LVMH and Ocado on Wednesday. HIGHLIGHTS * B&M BMEB.L : JP Morgan cuts target price to 469p from 471p * LVMH LVMH.PA : Jefferies cuts target price to EUR 690 from EUR 710 * Ocado OCDO.L : HSBC raises target price to 305p from 285p * SAP SE SAPG.DE : Jefferies raises target price to EUR 225 from EUR 210 * Tharisa Plc THST.L : Peel Hu
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Stora Enso expects high costs, market uncertainty to continue in 2024

UPDATE 2-Stora Enso expects high costs, market uncertainty to continue in 2024 Adds shares reaction in paragraph 2, analysts comments, background in 9-11 July 24 (Reuters) - Stora Enso STERV.HE expects pressure from high wood costs and market uncertainties to continue throughout 2024, the Finnish forestry firm said on Wednesday. The company's shares were down 4.7% at 0830 GMT.
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Finland's Kymmene slides on Q2 profit lag

BUZZ-Finland's UPM-Kymmene slides on Q2 profit lag ** Shares in Finnish forestry firm UPM-Kymmene UPM.HE slide 4.5% as Q2 profit disappoints ** Co posts comparable operating profit of 182 mln euros ($197.94 mln) for Q2, 14% lower than the 212 mln euros expected by analysts polled by LSEG ** While UPM guides for H2 results to be higher than in H1, J
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Upm Raflatac Acquires Grafityp

BRIEF-Upm Raflatac Acquires Grafityp July 23 (Reuters) - UPM-Kymmene Oyj UPM.HE : UPM RAFLATAC ACCELERATES ITS GROWTH IN GRAPHICS BY ACQUIRING GRAFITYP PARTIES AGREED NOT TO DISCLOSE PURCHASE PRICE OR OTHER TRANSACTION DETAILS Source text for Eikon: ID:nWkr3rDrHj Further company coverage: UPM.HE (Gdansk Newsroom)
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Kymmene Expects Comparable EBIT To Rise In H2 Vs H1

BRIEF-UPM-Kymmene Expects Comparable EBIT To Rise In H2 Vs H1 July 23 (Reuters) - UPM-Kymmene Oyj UPM.HE : MODERATE RECOVERY IN MANY PRODUCT MARKETS IN Q2 UNUSUALLY HIGH MAINTENANCE ACTIVITY IN Q2 WITH THREE PULP MILLS AND ALL NUCLEAR POWER PLANT UNITS HAVING SCHEDULED MAINTENANCE IN H2 2024, COMPARABLE EBIT IS EXPECTED TO BE HIGHER THAN IN H1 2024
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Finland's UPM lags profit forecast due to high maintenance costs

UPDATE 2-Finland's UPM lags profit forecast due to high maintenance costs Adds share move in paragraph 1, analyst comment in paragraph 4, context and peers in paragraphs 9 and 10 July 23 (Reuters) - Finland's UPM-Kymmene UPM.HE posted a smaller than expected rise in its second-quarter operating profit on Tuesday, hit by high costs of maintenance work, sending its shares 4% lower.
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Finnish forestry group UPM misses Q2 profit forecast

Finnish forestry group UPM misses Q2 profit forecast July 23 (Reuters) - Finnish forestry firm UPM-Kymmene UPM.HE reported a lower than expected operating profit for the second quarter on Tuesday, affected by maintenance work in its pulp mills and nuclear power plants. Reporting by Boleslaw Lasocki in Gdansk; editing by Milla Nissi
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Nordic corporate earnings week ahead

DIARY-Nordic corporate earnings week ahead July 19 (Reuters) - Diary of Nordic (OMXS30-SK, OBX-OS, OMXHPI-HE, OMXC20) corporate earnings for the week ahead NORDIC EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 23-Jul-2024 05:00 NHY.OL Norsk Hydro ASA Q2 2024 Norsk Hydro ASA Earnings Release 23-Jul-2024 05:00 VAR.OL Var Energi ASA Q2 2024 Var Energi ASA Earnings Release 24-Jul-2024 NTS EQNR.OL Equinor ASA Q2 2024 Equinor ASA Earnings Release 25-Jul-2024 NTS SUBC.OL Subsea 7 SA Q
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Adidas, Spirax Group, Stroeer

EUROPE RESEARCH ROUNDUP-Adidas, Spirax Group, Stroeer July 17 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Adidas, Spirax Group and Stroeer, on Wednesday. HIGHLIGHTS * Adidas AG ADSGn.DE : JP Morgan raises target price to EUR 260 from EUR 250 * J D Wetherspoon JDW.L : Jefferies raises target price to 1,000p from 925p * Spirax Group SPX.L : HSBC raises to hold from reduce * Stroeer SAXG.DE : HSBC raises target price to EUR 79 fro
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European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds Unilever July 15 (Reuters) - Elevated levels of inflation and the impact of the war in Ukraine have forced companies across Europe to freeze hiring or cut jobs. Here are some layoffs announced since the start of April: BANKS * TSB: The British bank owned by Spain's Sabadell SABE.MC is seeking 250 job cuts and 36 branch closures, its spokesperson and employee union said on May 8. INDUSTRIALS AND ENGINEERING * METSO METSO.HE : The Finnis
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European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds details on fresh job cuts July 9 (Reuters) - Elevated levels of inflation and the impact of the war in Ukraine have forced companies across Europe to freeze hiring or cut jobs. Here are some layoffs announced since the start of April: BANKS * TSB: The British bank owned by Spain's Sabadell SABE.MC is seeking 250 job cuts and 36 branch closures, its spokesperson and employee union said on May 8. INDUSTRIALS AND ENGINEERING * METSO METSO
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Top of the Street: Kingfisher, Naturgy, paper & packaging firms

BUZZ-Top of the Street: Kingfisher, Naturgy, paper & packaging firms A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** RBC raises Naturgy NTGY.MC to "sector perform" from "underperform" following a stock price correction after TAQA and Criteria dropped a plan to jointly bid for the Spanish utility ** Deutsche Bank raises British home improvement retailer Kingfisher KGF.L to "buy" from "hold", citing "robust" income growth, increased consumer confidence, po
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Stifel starts UPM with 'buy' amid rising wood costs in Nordics

BUZZ-Stifel starts UPM with 'buy' amid rising wood costs in Nordics ** Stifel initiates UPM-Kymmene UPM.HE with "buy" rating, while it rates the Finnish forestry firm's Nordic peers with "hold" ** Stifel notes UPM's strong balance sheet and improved revenue mix, adding that the company has managed the decline in graphic paper by closing and selling
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UPM And Nokian Tyres Partner

BRIEF-UPM And Nokian Tyres Partner June 27 (Reuters) - UPM-Kymmene Oyj UPM.HE : UPM AND NOKIAN TYRES PARTNER TO INTRODUCE FIRST CONCEPT TIRE WITH UPM BIOMOTION TM RENEWABLE FUNCTIONAL FILLERS Source text for Eikon: ID:nWkr7n7fWD Further company coverage: UPM.HE (Gdansk Newsroom)
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JPM starts Holmen at 'underweight' on below-peers mill timber EPS growth

BUZZ-JPM starts Holmen at 'underweight' on below-peers mill timber EPS growth ** J.P.Morgan initiates Swedish paper products maker Holmen HOLMb.ST with "underweight", saying its mill timber EPS growth is the lowest among peers ** It prefers Finland's UPM UPM.HE and Stora Enso STERV.HE , considering its broadly positive mill timber view on the secto
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Abrdn Plc, Crest Nicholson Holdings, Paragon Banking

EUROPE RESEARCH ROUNDUP-Abrdn Plc, Crest Nicholson Holdings, Paragon Banking June 13 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Abrdn Plc, Crest Nicholson Holdings and Paragon Banking, on Thursday. HIGHLIGHTS * Abrdn Plc ABDN.L : Jefferies assumes coverage with hold rating; price target 155p vs 180p * Crest Nicholson Holdings Plc CRST.L : Jefferies raises target price to 265p from 237p * Frontier Developments Plc FDEV.L : Deut
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UPM Plans To Close Two Units In Germany

BRIEF-UPM Plans To Close Two Units In Germany May 29 (Reuters) - UPM-Kymmene Oyj UPM.HE : PLANS TO REDUCE GRAPHIC PAPER CAPACITY IN GERMANY TO ALIGN WITH CUSTOMER DEMAND AND ENSURE COMPETITIVENESS IF REALIZED, MEASURES WOULD RESULT IN ANNUAL REDUCTIONS OF 330,000 TONNES OF NEWSPRINT PAPER CAPACITY AND 280,000 TONNES OF UNCOATED FINE PAPER CAPACITY
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Finnish forestry group UPM to close two units in Germany

UPDATE 2-Finnish forestry group UPM to close two units in Germany Adds quote, detail on units in paragraphs 3-6 COPENHAGEN, May 29 (Reuters) - Finnish forestry group UPM UPM.HE said on Wednesday it would close a newsprint mill and a fine paper machine in Germany, affecting 345 jobs overall, citing a decline in graphic paper demand and a significant overcapacity in the market.
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Finnish forestry group UPM to close two units in Germany

Finnish forestry group UPM to close two units in Germany COPENHAGEN, May 29 (Reuters) - Finnish forestry firm UPM UPM.HE said on Wednesday it would close a newsprint mill and a fine paper machine in Germany, affecting 345 jobs overall, citing a decline in graphic paper demand and a significant overcapacity in the market. Reporting by Louise Breusch
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Forestry firm Stora Enso lifts 2024 outlook as orders, prices rise

UPDATE 2-Forestry firm Stora Enso lifts 2024 outlook as orders, prices rise Adds shares in lead, comment in paragraph 5, context in paragraphs 6-7 May 15 (Reuters) - Finnish forestry firm Stora Enso STERV.HE raised its full-year core profit forecast on Wednesday, lifting its shares by 3%, as it said it expected improved volumes and orders as well as increasing pulp prices.
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