UPM-Kymmene posted Q1 EBIT of €274 million, 8% above analyst expectations of €253 million.
Energy division generated €100 million versus €80 million consensus, while biofuels loss narrowed to €26 million from €46 million expected.
Guidance unchanged: first‑half 2026 EBIT forecast remains €325‑€525 million, implying Q2 EBIT around €151 million.
Company warned higher graphic paper costs and Q2 pulp‑mill maintenance, plus trade and geopolitical uncertainties, may constrain performance.