UPM publishes investor presentation outlining portfolio shift toward decarbonization solutions, advanced materials and renewable fibers

• UPM outlined portfolio reshaping to lift growth and margins, including a planned European graphic paper joint venture with Sappi.
• The joint venture targets €100 million in annual synergies; enterprise value €1.42 billion, excluding synergies; 8 UPM mills combined with 4 Sappi mills.
• UPM set out a plan to demerge its plywood unit into WISA Group, a new listed company, with an EGM vote scheduled for Aug. 31, 2026.
• WISA targets sales above €550 million by 2030; comparable EBIT margin 13%; net debt to comparable EBITDA below 1.5x; dividend policy around 50%.
• Guidance sees comparable EBIT from continuing operations in H2 2026 at €375 million to €575 million; net debt €3.31 billion at June 30, 2026.

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