WISA Group Plc is a Finnish company formed through the partial demerger of UPM-Kymmene Oyj's Plywood business, approved by UPM's Board on April 29, 2026. The demerger is planned for completion on October 31, 2026, subject to shareholder approval, with shares expected to list on Nasdaq Helsinki around November 2, 2026.
The company will operate seven production units in Finland and Estonia, with a theoretical maximum capacity of approximately 785,000 m³ per year. It specializes in high-quality WISA® plywood and veneer products, serving applications such as construction, vehicle flooring, LNG shipbuilding, parquet manufacturing, and other industrial uses. Products include birch and spruce plywood variants like WISA-Birch, WISA-Spruce FR (fire-retardant), and innovative options such as WISA BioBond.
In 2025, the plywood business reported sales of €409 million and comparable EBITDA of €55 million. Tuija Suur-Hamari has been appointed President and CEO, effective upon demerger completion.
Management will present strategy, growth opportunities, operations and financial targets for the demerged plywood business; event offers onsite attendance and live webcast.
Q2 comparable EBIT rose 71% to €212m; portfolio moves include a graphic paper joint venture and approved demerger of the plywood unit.
Regulator approved the Finnish-language prospectus for the plywood carve-out; EGM, demerger completion and Nasdaq Helsinki listing set for Aug–Nov 2026.
Board approved plan to spin off a business into a new listed company; EGM approval pending; 1:1 share distribution; target completion Oct 31, 2026; listing expected early Nov 2026.
