UPM-Kymmene advances WISA demerger. UPM-Kymmene stock sits 10.99 percent below its high

Published on 10/05/2026 at 09:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter comparable EBIT hit EUR 212.00 million, up 71.00 percent. UPM-Kymmene stock stood at EUR 24.87 on October 5, 2026, down 0.44 percent from EUR 24.98.

Geometrisches Bauhaus-Poster mit Baumringen, Papierrolle und Text PAPER FOREST — Bauhaus-Poster mit geometrischen Formen symbolisiert UPM-Kymmene Oyj, ISIN FI0009005987, im Bereich Papier und Wald, Illustration mit AI erstellt.

UPM-Kymmene (ISIN FI0009005987) was trading at EUR 24.87 at Lang & Schwarz on October 5, 2026 at 9:09 a.m. CEST, down 0.44 percent versus the prior close of EUR 24.98. As Yahoo Finance reported on September 18, 2026, UPM received approval for a prospectus supplement linked to the partial demerger of its plywood business into WISA Group, with completion planned for October 31, 2026. The stock stood 10.99 percent below its 52-week high of EUR 27.94.

WISA demerger reaches its next stage

The approved supplement covers the planned admission of WISA shares to trading on Nasdaq Helsinki. The new company is expected to begin trading on November 2, 2026, or as soon as reasonably possible afterward, according to Yahoo Finance on September 18, 2026.

For UPM, the transaction changes the portfolio mix before the next earnings date. The October 31 completion plan and November 2 expected listing date give investors two concrete milestones for assessing execution.

Second-quarter profit improvement matters

UPM reported second-quarter 2026 revenue of EUR 2.355 billion, compared with EUR 2.341 billion in the second quarter of 2025. Comparable operating profit rose 71.00 percent to EUR 212.00 million from EUR 124.00 million, lifting the margin to 9.00 percent from 5.30 percent, according to UPM in its July 23, 2026 half-year report.

The improvement is concentrated in profitability rather than sales growth. First-half 2026 comparable operating profit reached EUR 471.00 million, while operating cash flow was EUR 225.00 million and net debt stood at EUR 3.31 billion, according to the same company report.

Analyst target points above market price

SB1 Markets reiterated its Buy rating and raised its UPM target to EUR 39.00 from EUR 38.00 on September 15, 2026, citing higher power price forecasts and stronger energy-asset value, as MarketScreener reported.

That target is 56.82 percent above the Lang & Schwarz price of EUR 24.87, but it sits alongside a mixed market view. MarketScreener listed an average target of EUR 25.03 and 15 analyst opinions, making the SB1 target a distinctly more bullish scenario rather than a market-wide estimate.

Stock sits below its annual high

UPM-Kymmene was trading at EUR 24.87 at Lang & Schwarz on October 5, 2026 at 9:09 a.m. CEST, down 0.44 percent from the EUR 24.98 prior close dated October 2, 2026. Its EUR 21.72 to EUR 27.94 52-week range leaves the price 10.99 percent below the high and 14.51 percent above the low.

The further course of trading is shown by the continuously updated real-time quote of UPM-Kymmene stock.