UPM-Kymmene Oyj reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was EUR 2,531 million compared to EUR 3,231 million a year ago. Net income was EUR 160 million compared to EUR 498 million a year ago. Basic earnings per share from continuing operations was EUR 0.3 compared to EUR 0.93 a year ago. Diluted earnings per share from continuing operations was EUR 0.3 compared to EUR 0.93 a year ago.

For the full year, the company reported sales was EUR 10,460 million compared to EUR 11,720 million a year ago. Net income was EUR 388 million compared to EUR 1,526 million a year ago. Basic earnings per share from continuing operations was EUR 0.73 compared to EUR 2.86 a year ago. Diluted earnings per share from continuing operations was EUR 0.73 compared to EUR 2.86 a year ago.