UPMMY - UPM-Kymmene Oyj

UPM-Kymmene Oyj (UPMMY) Q1 2026 Earnings Call Transcript

UPM-Kymmene Oyj (UPMMY) Q1 2026 Earnings Call Transcript

UPM-Kymmene: Upside Is Narrowing In 2026

UPM Kymmene (UPMMY) remains a high-conviction, premium play on European forestry, with strong strategic positioning and a robust asset mix. I reiterate a 'Buy' rating with a €29/share price target, reflecting a risk/reward-adjusted annualized upside of 15%, including a near-6% yield. Transformation into biofuels, advanced materials, and international expansion underpins the investment thesis, with 2027–2028E likely to see material upside.

UPM-Kymmene Oyj (UPMMY) Q4 2025 Earnings Call Transcript

UPM-Kymmene Oyj (UPMMY) Q4 2025 Earnings Call Transcript