- UPM paid €85 million in corporate income tax in Finland in 2024.
- Total taxes and fees paid by UPM in Finland amounted to €568 million in 2024.
- UPM's Finnish operations included €419 million in salaries and €950 million in wood purchases.
- Dividends of €800 million were paid, with over a third going to Finland.
Tax Contributions
In 2024, UPM paid approximately €85 million in corporate income tax in Finland, down from €114 million in 2023. This figure includes taxes from UPM-Kymmene Corporation and its Finnish subsidiaries, such as UPM Communication Papers Oy and UPM Specialty Papers Oy.
Overall Economic Impact
UPM's total tax and fee contributions in Finland reached €568 million in 2024. This includes corporate, property, and energy taxes, as well as income taxes and social security contributions on employee salaries, taxes on wood purchases, and dividends.
Employment and Procurement
UPM paid €419 million in salaries to its 6,222 employees in Finland by the end of 2024. The company also indirectly supported thousands of jobs through approximately 5,600 goods and service suppliers. UPM's wood purchases in Finland amounted to €950 million.
Dividends and Local Impact
In 2024, UPM distributed €800 million in dividends from the previous year's results, with more than a third paid to Finnish shareholders. The EU Eco-Management and Audit Scheme (EMAS) reports highlight UPM's regional economic impact, including employment, taxes, and purchasing power, along with environmental and responsibility efforts.
