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UPM:n ylimääräinen yhtiökokous hyväksyi WISA Groupin muodostamisen

UPMAnalyst Comment01.09.2026 klo 08.05
Aapeli PursimoAnalyst
Discuss

UPM tiedotti maanantaina, että sen ylimääräinen yhtiökokous on hyväksynyt yhtiön osittaisjakautumisen, jossa muodostetaan uusi itsenäinen yhtiö WISA Group. Päätös oli odotustemme mukainen. Olimmekin huomioineet UPM Plywoodin eli tulevan WISAn irtautumisen jo aiemmin UPM:n ennusteissamme, joten yhtiökokouksen päätökset eivät aiheuta muutostarpeita ennusteisiimme tai näkemykseemme osakkeesta.

Osana jakautumispäätöstä yhtiökokous vahvisti uuden yhtiön hallituksen kokoonpanon, joka astuu voimaan jakautumisen täytäntöönpanon myötä ja jonka puheenjohtajana aloittaa Tapio Korpeinen. Lisäksi kokouksessa hyväksyttiin uuden yhtiön hallitukselle tavanomaiset valtuudet osakeanteihin ja omien osakkeiden hankintaan sekä päätettiin hallituksen palkkioista ja tilintarkastajasta.

Odotamme jakautumisen toteutuvan aiemmin arvioidun aikataulun mukaisesti Q4:llä. Tätä heijastellen olemme siirtäneet Plywoodin (Wisa) ennusteissamme lopetettuihin toimintoihin ja liiketoiminta poistuu ennusteissamme UPM:n luvuista kokonaan lokakuun lopussa. Viimeisin yhtiöraporttimme UPM:stä on luettavissa täältä.

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UPM-Kymmene is active in the forest industry. The company currently works with the development of wood biomass and biofuel. The product portfolio is broad and includes, for example, biochemicals, printing materials, paper, and timber. The company has operations on a global level, with the largest presence around the European market. The head office is located in Helsinki.

Read more on company page

Key Estimate Figures24.07.

202526e27e
Revenue9,780.09,421.510,287.5
growth-%-5.4 %-3.7 %9.2 %
EBIT (adj.)921.0962.61,272.3
EBIT-% (adj.)9.4 %10.2 %12.4 %
EPS (adj.)1.331.361.82
Dividend1.501.501.50
Dividend %6.1 %6.2 %6.2 %
P/E (adj.)18.617.913.3
EV/EBITDA12.411.18.6

Forum discussions

That is already visible in the Q2 interim report and has therefore already been priced into the shares.
yesterday
by Jukka
0
Has the climb from the bottom of the pit begun? Metsäteollisuus ry – 1 Sep 26 Metsäteollisuuden tuotantomäärät ja vienti kasvoivat vuoden toisella...
yesterday
by PörssiPatruuna
13
And right after that comes Wisa’s Capital Markets Day on September 23, 2026, where strategies and the like will be brought to the forefront....
yesterday
by PörssiPatruuna
14
Here are Antti’s comments on how UPM’s Annual General Meeting has approved the formation of WISA Group Inderes – 1 Sep 26 UPM:n yhtiökokous ...
yesterday
by Sijoittaja-alokas
7
Even paper machines under 20 years old have been shut down in Europe. UPM shut down a machine in Platting that was started up in 2008 a few ...
8/31/2026, 1:13 PM
by Logitech
9
As far as I understand, the Kirkniemi unit is still a production facility in good condition, and the infrastructure is relatively modern. It...
8/31/2026, 11:04 AM
by Pro Perty
6
OP’s morning review states that pulp prices are being raised in the Asian market starting from the beginning of September (e.g., Suzano).
8/31/2026, 10:42 AM
by Ju-ha-ni
9