Business Segments UPM-Kymmene Oyj

Stocks

UPM

FI0009005987

Paper Products

Market Closed - Nasdaq Helsinki Other stock markets 17:00:00 20/07/2026 BST			After hours 18:00:20
23.41 ^EUR	-0.17%		23.36	-0.21%

12:35pm	UB Finland fell 1.6 percent in June - Nokia, UPM-Kymmene and Valmet weighed	FW
07-16	UPM-Kymmene Secures Regulatory Approval for Plywood Unit Demerger	MT

Sales 2025 by Business Segment

Sales 2025 by Geography

Historical Breakdown of Revenue by Business Segments

Operating Income: Breakdown by Business Segment

Breakdown by Business Segment (EUR)

Fiscal Period: December	2021	2022	2023	2024	2025
Paper Manufacturing
UPM Fibres	2.94B	2.7B	3.04B	3.73B	3.41B
Total Assets	5.57B	6.89B	7.31B	7.77B	6.66B
CAPEX	-1.19B	-1B	-616M	-93M	-93M
EBITDA	1.02B	743M	-	844M	511M
D&A	190M	187M	270M	316M	294M
Operating Income	817M	570M	116M	533M	283M
Printing And Writing Paper
UPM Communication Papers	3.58B	4.87B	3.6B	2.95B	2.49B
Total Assets	1.9B	2.24B	1.62B	1.5B	1.21B
CAPEX	-56M	-57M	-50M	-37M	-31M
EBITDA	23M	697M	-	344M	241M
D&A	103M	81M	78M	68M	65M
Operating Income	-79M	619M	462M	273M	181M
UPM Specialty Materials	1.48B	1.68B	1.48B	1.47B	1.32B
Total Assets	1.17B	1.32B	1.02B	1.04B	891M
CAPEX	-12M	-18M	-23M	-19M	-24M
EBITDA	209M	230M	-	208M	204M
D&A	75M	77M	74M	71M	59M
Operating Income	135M	153M	98M	135M	147M
Office Products
UPM Adhesive Materials	1.67B	1.98B	1.48B	1.56B	1.66B
Total Assets	768M	995M	831M	862M	1B
CAPEX	-25M	-18M	-26M	-46M	-198M
EBITDA	259M	251M	-	177M	176M
D&A	36M	37M	43M	45M	52M
Operating Income	223M	214M	103M	132M	124M
Forestry Services
Other Operations	280M	634M	802M	623M	693M
Total Assets	2.48B	3.15B	3.37B	3.33B	3.58B
CAPEX	-172M	-283M	-361M	-335M	-257M
EBITDA	-19M	126M	-	-72M	-25M
D&A	25M	45M	44M	47M	43M
Operating Income	76M	81M	-14M	-52M	9M
Hydroelectric Power Generation
UPM Energy	526M	734M	628M	627M	615M
Total Assets	2.93B	4.07B	2.62B	2.56B	2.49B
CAPEX	-7M	-8M	-3M	-4M	-11M
EBITDA	277M	388M	-	188M	158M
D&A	7M	7M	7M	7M	7M
Operating Income	270M	381M	182M	181M	151M
Lumber Products
UPM Plywood	492M	539M	422M	430M	409M
Total Assets	333M	297M	276M	275M	265M
CAPEX	-14M	-9M	-15M	-16M	-8M
EBITDA	99M	133M	-	65M	55M
D&A	27M	23M	21M	23M	20M
Operating Income	72M	109M	56M	42M	35M
Internal Sales	-1.16B	-	-	-	-
Eliminations and Reconciliation	5M	-1.42B	-1B	-1.05B	-932M
Total Assets	-516M	-657M	-411M	-332M	-244M
CAPEX	1M	-1M	-	-	-
D&A	-	-	-	-	-
Operating Income	-42M	-31M	8M	-20M	-10M
Total Assets	466M	485M	431M	526M	413M
Total Assets	139M	82M	62M	62M	58M
Total Assets	2.44B	3.34B	1.33B	1.5B	1.22B

Geographical Revenue Distribution History

Geographical breakdown of sales (EUR)

Fiscal Period: December	2021	2022	2023	2024	2025
Other EU Countries	1.65B	2.03B	1.59B	1.47B	1.6B
Total Assets	53M	65M	54M	93M	111M
CAPEX	-	-	-	-24M	-9M
China	1.06B	1.16B	1.53B	1.74B	1.52B
Total Assets	711M	680M	572M	603M	453M
CAPEX	-7M	-4M	-4M	-6M	-7M
Rest of the World	1.48B	1.64B	1.42B	1.13B	1.43B
Total Assets	392M	467M	335M	377M	323M
CAPEX	-1M	-2M	-1M	-2M	-1M
Finland	1.05B	973M	1.27B	1.31B	1.35B
Total Assets	9.89B	12.48B	8.63B	8.78B	8.1B
CAPEX	-83M	-82M	-153M	-100M	-258M
United States	1.09B	1.62B	1.37B	1.8B	1.26B
Total Assets	412M	660M	463M	554M	516M
CAPEX	-5M	-9M	-12M	-16M	-8M
Germany	1.4B	2.03B	1.47B	1.07B	899M
Total Assets	1.52B	1.95B	2.14B	2.13B	2.16B
CAPEX	-204M	-468M	-358M	-335M	-242M
United Kingdom	617M	676M	548M	513M	506M
Total Assets	148M	108M	103M	111M	187M
CAPEX	-1M	-1M	-4M	-3M	-65M
France	378M	501M	435M	386M	356M
Total Assets	33M	37M	27M	20M	-
CAPEX	-1M	-1M	-2M	-	-
Other European Countries	352M	388M	306M	402M	346M
Total Assets	27M	40M	32M	36M	39M
CAPEX	-1M	-	-	-	-
Poland	336M	402M	301M	304M	288M
Total Assets	155M	179M	145M	135M	137M
CAPEX	-16M	-6M	-4M	-2M	-2M
Uruguay	63M	56M	66M	100M	99M
Total Assets	4.05B	5.36B	5.82B	6.21B	5.44B
CAPEX	-1.16B	-980M	-581M	-58M	-24M
Total Assets	51M	55M	47M	51M	45M
CAPEX	-1M	-2M	-1M	-4M	-1M
Total Assets	-	-	-	-	24M
CAPEX	-	-	-	-	-3M
Russia	194M	37M	-	-	-
Total Assets	137M	31M	-	-	-
CAPEX	-2M	-	-	-	-
Austria	151M	194M	160M	110M	-
Total Assets	101M	96M	106M	-	-
CAPEX	-2M	-1M	-	-	-