- UPM forecasts H2 2026 comparable EBIT €375–€575M, expects slightly higher sales prices and higher variable costs, and will issue smaller energy refunds to Communication Papers in Q4 2026.
- UPM to form a graphic paper JV with Sappi and demerge its Plywood unit. For H2 2026 UPM expects higher selling prices and rising input costs.
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Key facts: UPM H2 2026 EBIT €375–€575M; Sappi JV and Plywood demerger
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UPM forecasts H2 2026 comparable EBIT €375–€575M, expects slightly higher sales prices and higher variable costs, and will issue smaller energy refunds to Communication Papers in Q