North American housing weakness, high duties, and soft global pulp prices drive lower production and margins across all regions.
Tahminler
Real estate EBITDA rises to $74 million; outlook indicates full-year results at or above prior guidance while Pacific Northwest EBITDA falls 26%.
Affordability constraints and cautious buyers reduced closings by 5% to 84,863 homes, bringing annual revenue to $34.3 billion.
UPM’s sales fell 9% to Euro 2.3 billion as pulp and paper prices declined sharply; the company expects lower margins in H2.
Pulp prices fall 5% in Europe and 7% in China; paperboard deliveries to the US remain subdued despite recovery efforts.
Housing projected to reach 206.1 billion kronor in 2026 while commercial buildings grow by just 1%.
Lumber segment loses $123 million, with $67 million tied to U.S. duties.
Raute cites that although project deliveries have continued successfully, a larger share of the order backlog is now expected to be recognized as net sales in 2026 rather than in the current year.
Online share rises to 30% while store visits increase by 1.3% across 736 million visits.
Trade tensions, inflation, and weakened policy institutions drive global downgrade as AI investment supports U.S. outlook.
High costs, weak demand, and falling production push sawmills and pulp mills into survival mode.