Third-quarter adjusted EBITDA declined 31% to $434 million, with gross margin dropping to 30.4% and net income down 57% to $122 million.
Produção
UPM’s sales fell 9% to Euro 2.3 billion as pulp and paper prices declined sharply; the company expects lower margins in H2.
Rising costs, blocked access to road-building materials, and equipment shortage undermine Russia’s forest sector raw material base.
Shipments increased 20.5% from August.
Softwood plywood shipments fall 11.0% while ending inventory climbs 4.3%.
New home prices drop 2.6% as commercial housing sales fall 12% from 2024.
Lumber segment loses $123 million, with $67 million tied to U.S. duties.
Urban and urbanizing counties hold 69% of remaining mill capacity across Oregon, Washington, and northern California.
The facility, which produces structural larch plywood, is located in Amursk, Khabarovsk Krai, and is intended to supply both the Russian market and Southeast Asia.
Shipments fall 4.3% while capacity utilization drops 6 percentage points from June.
Wooden housing makes up 61.5% of total starts despite 6.7% year-over-year drop.