UPM advances Wisa Group separation and Helsinki listing plan

UPM set 2030 targets of more than EUR 550 million in revenue and a 13% comparable operating margin for Wisa Group, its planned independent plywood and veneer company. Trading is expected to begin on Nasdaq Helsinki in November. Carried forward from today’s earlier verified briefing. Why it matters: The separation creates a focused listed Finnish wood-products company with explicit growth, profitability and dividend targets.

Source: https://www.tekniikkatalous.fi/uutiset/a/41e53bf0-f1fc-4c19-91b4-d890937d2d00