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UPM Biofuels gains the world's first RSB certification for wood-based liquid biofuels 2017-05-29T11:02:00Z<p class="hugin">&#160;(UPM, Helsinki, 29 May 2017 at 14&#58;00 EET) - UPM Biofuels has again received a new&#160;acknowledgement of&#160;the sustainability of its value chain by receiving an&#160;RSB (The Roundtable on Sustainable Biomaterials)&#160;certificate for both UPM BioVerno renewable diesel and naphtha, as well as production sidestreams turpentine and pitch. RSB&#160;verifies the sustainability and reliability of feedstock sourcing and production.&#160;</p> <p class="hugin">In RSB certification, the sustainability of biofuels&#160;is evaluated against 12 principles which have been approved by many stakeholders, including NGOs and UN agencies. In addition to the&#160;greenhouse gas savings&#160;compared to fossil fuels, the RSB principles cover biodiversity, human rights and environmental and social responsibility throughout the value chain.</p> <p class="hugin">RSB&#160;is&#160;one of the European Commission's approved voluntary schemes, which can be used to show compliance with&#160;the EU Renewable Energy Directive's sustainability criteria. RSB certification can also be used to verify the sustainability of biomaterials for non-energy applications.&#160;UPM Biofuels&#160;uses crude tall oil, a residue from pulp production, to produce&#160;both biofuels and biomaterials in its Biorefinery in Lappeenranta, Finland.</p> <p class="hugin">&quot;The RSB is proud to count UPM among the visionary biofuel producers that are RSB certified. Using residues, like those from pulp and paper production, to produce energy helps to build a new world free of fossil fuels with minimal impact on nature and food production.&#160;This is the first certification of biofuel produced from wood-based feedstocks and RSB looks forward to working with UPM to promote this innovative&#160;solution for the bioeconomy,&quot; comments&#160;<b class="hugin">Rolf Hogan</b>, Executive Director of RSB.</p> <p class="hugin"><img alt="" class="hugin" height="288" id="Picture 2" src="https&#58;//hugin.info/165629/I/2108169/118151.jpg" width="384" /></p> <p class="hugin"><i class="hugin">UPM's Risto Kotilainen (left) and Maria Puustinen (right) present UPM Lappeenranta Biorefinery to Glenn Feryn, Leader auditor from Control Union Certifications, Belgium</i>.</p> <p class="hugin">UPM Biofuels has previously received sustainability certificates under the Finnish National Sustainability Scheme, ISCC EU and ISCC PLUS&#160;(International Sustainability and Carbon Certification)&#160;schemes. </p> <p class="hugin">&quot;RSB certification&#160;is&#160;a valuable addition to our current sustainability certifications and we see that it can lead to&#160;great&#160;new collaborations with RSB certified end users. RSB and ISCC are both considered strong sustainability certification schemes&#160;and both have their own strengths. We are the only biofuel producer able to show compliance with both voluntary schemes together with a national scheme. This is very strong&#160;evidence of sustainability in&#160;all UPM Biofuel operations,&quot; says <b class="hugin">Maiju Helin</b>, Head of Safety, Sustainability and&#160;Quality&#160;at UPM Biofuels.</p> <p class="hugin"><b class="hugin">Innovative renewable fuels from Finland</b></p> <p class="hugin">UPM's renewable fuels&#160; known as UPM BioVerno fuels are&#160; an innovation that reduces lifecycle greenhouse gas emissions by up to 80% when compared with fossil fuels. </p> <p class="hugin">UPM BioVerno diesel, a&#160;high quality drop-in fuel,&#160;also reduces tailpipe emissions significantly. UPM BioVerno naphtha can be used as a biocomponent in gasoline or as renewable feedstock for bio-based applications, such as bioplastics.&#160;UPM's renewable fuels are produced from a residue of UPM's own pulp production, crude tall oil, with no edible materials being used.&#160;</p> <p class="hugin">UPM started production of its wood-based renewable fuels in the UPM Lappeenranta Biorefinery in January 2015. The production capacity of the biorefinery is 120 million litres of renewable fuels annually.&#160;</p> <p class="hugin"><b class="hugin">More information&#58;</b><br class="hugin">Maiju Helin, Senior Manager, Safety, Sustainability and Quality, UPM Biofuels<br class="hugin">Tel. +358 50&#160;325 6046, <a class="hugin" href="mailto&#58;maiju.helin@upm.com" target="_blank">maiju.helin@upm.com</a> <br class="hugin">Sari Mannonen, Vice President, UPM Biofuels, Tel. +358 45&#160;265 1345, <a class="hugin" href="mailto&#58;sari.mannonen@upm.com" target="_blank">sari.mannonen@upm.com</a></p> <p class="hugin">UPM, Media Relations&#160;<br class="hugin">9.00-16.00 EET<br class="hugin">Tel. +358 40 588 3284<br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM Biofuels</b><br class="hugin"> UPM plans to become a major player in high quality, advanced biofuels for transport. Biofuels are an essential part of the Biofore strategy. The innovative wood-based biofuels developed by the company and their production technologies are part of a sustainable future. UPM's biofuels are frontrunners in quality, usability and sustainability. They will significantly decrease greenhouse gas emissions and tailpipe&#160; emissions compared to fossil fuels.&#160;<a class="hugin" href="http&#58;//www.upmbiofuels.com/" target="_blank">www.upmbiofuels.com</a></p> <p class="hugin">Follow UPM Biofuels on&#160;<a class="hugin" href="https&#58;//twitter.com/UPM_Biofuels" target="_blank">Twitter&#160;</a>|&#160;<a class="hugin" href="https&#58;//www.facebook.com/UPM-Biopolttoaineet-328642547332048/" target="_blank">Facebook&#160;</a>|&#160;<a class="hugin" href="https&#58;//www.youtube.com/playlist?list=PLJwXrjw5FtwHDcos7UjxvktVuYXNfMkWo" target="_blank">YouTube</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM Paper Europe and North America and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,600 people and annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company -&#160;<a class="hugin" href="http&#58;//www.upm.com/" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on&#160;<a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a>|&#160;<a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a>|&#160;<a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a></p> <p class="hugin"><b class="hugin">RSB</b><br class="hugin">The Roundtable on Sustainable Biomaterials (RSB) is a global, multi stakeholder independent&#160;organisation&#160;that drives the development of a new world bioeconomy through sustainability solutions, certification, innovation, and collaborative partnerships.&#160;It provides tools and solutions&#160;that mitigate business risk and contribute to achieving the UN's Sustainable Development Goals - and RSB has the world's most trusted, peer-reviewed, global certification standard for sustainable biomaterials, biofuels and biomass production. <a class="hugin" href="http&#58;//www.rsb.org" target="_blank">www.rsb.org</a></p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM and FSC® announce a global strategic partnership2017-05-17T06:00:00Z<p class="hugin">(UPM, Helsinki, 17 May 2017 at 09&#58;00 EET) - UPM and the Forest Stewardship Council<sup class="hugin" style="vertical-align&#58;text-top;font-size&#58;0.8em;">®</sup> (FSC) announce a global strategic partnership to develop solutions for advancing the uptake of FSC in the market. UPM and FSC signed the partnership agreement on the 16th of May 2017 during the FSC international members meeting in Karkkila, Finland. The partnership aims at delivering benefits to forest owners through FSC certification and to increase the FSC-certified wood supply.</p> <p class="hugin">UPM has actively cooperated with FSC both on international and national level for several years. The company has been involved in developing the FSC certification in order to enhance its applicability to the fragmented private forest ownership in Finland. This work will be strengthened through the newly agreed partnership.</p> <p class="hugin">&quot;We are delighted to formalize our collaboration with UPM. It is vitally important that FSC has a strong relationship with sustainability leaders of the paper and forest products industry to expand the FSC footprint globally. We agree on the importance of FSC for all parties in the value chain from forest owners to consumers. UPM and FSC also share a common understanding of the importance of responsible forestry and the sustainable use of wood in the bioeconomy&quot;, says <b class="hugin">Kim Carstensen</b>, Director General, Forest Stewardship Council.</p> <p class="hugin">&quot;UPM's customers take a growing interest in the company's environmental performance and the sustainability of its operations. Third-party verified certificates give them useful information about the responsibility of UPM products&quot;, says <b class="hugin">Heikki Vappula</b>, EVP, UPM Biorefining.</p> <p class="hugin">&quot;The global partnership is a natural continuation to UPM Biofore strategy and to our valuable cooperation with FSC. FSC certification is an excellent tool for promoting responsible forestry. Our joint target is to extend the use of the FSC system in general as well as to develop UPM forest management and solutions for group certification to expand in the Finnish private smallholder structure&quot;, Vappula continues.</p> <p class="hugin">To promote the certification of privately owned forests in Finland, UPM established an FSC group certification scheme in 2012. In 2016, the scheme (FSC C 109750) grew to cover about 300,000 hectares of private forest. </p> <p class="hugin"><b class="hugin">For more information, please contact&#58;</b><br class="hugin">Sauli Brander, UPM, SVP, Wood Sourcing and Forestry, tel. +358 40 567 4155<br class="hugin">Alex Dunn, FSC, Media Manager, <a class="hugin" href="mailto&#58;a.dunn@fsc.org" target="_blank">a.dunn@fsc.org</a>, tel. +49 228 367 6688</p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company- <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM&#58; <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="http&#58;//www.upmbiofore.com" target="_blank">upmbiofore.com</a></p> <p class="hugin"><b class="hugin">FSC</b> <br class="hugin">FSC works to take care of our forests and those who rely on them by protecting plant and animal species, Indigenous Peoples rights, forest workers' safety, and much more. This is achieved through FSC certification, ensuring forests around the world are responsibly managed.&#160;FSC was established in 1994, and currently, over 190 million hectares of forest are FSC certified, in over 80 countries worldwide.&#160;FSC's global headquarters are in Bonn, Germany, with a network of national offices in over 30 countries.</p> <p class="hugin">Follow FSC&#58; <a class="hugin" href="https&#58;//twitter.com/FSC_IC" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company-beta/424491/" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/fsc.ic/" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/FSCInternational" target="_blank">YouTube</a> |<a class="hugin" href="https&#58;//www.instagram.com/fsc_international/" target="_blank"> Instagram</a> | <a class="hugin" href="https&#58;//ic.fsc.org/" target="_blank">ic.fsc.org</a>&#160; </p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM Raflatac at Label Summit Latin America 2017: a 'Perfect Fit' for labeling solutions2017-05-11T14:00:00Z<p class="hugin">(UPM Raflatac, Mills River, NC, USA, May 11, 2017 at 17&#58;00 EET)&#160;-&#160;At this year's Label Summit Latin America in Santiago, Chile, UPM Raflatac will be demonstrating how its latest product innovations are a perfect fit to help companies distinguish their brands. From new thin film innovations for home and personal care applications, food containers, craft beverage and wine and spirits; to exciting developments for paper labeling, UPM Raflatac truly offers something for everyone. And with our strong commitment to sustainability, we are second to none. Find your inspiration; we have the solution.</p> <p class="hugin">Label Summit Latin America attendees are invited to stop by booth G12 to meet with UPM Raflatac's label experts to learn the latest information on labeling technologies and innovations and to test samples of label materials to find exactly what's right for you and your brand. </p> <p class="hugin">In addition to a full portfolio of <b class="hugin">wine and spirits labeling solutions</b>, featured products at the booth include the new <b class="hugin">RR20</b> adhesive, providing reliable resealability for food package labels; <b class="hugin">RH04FG</b>, a hotmelt adhesive that meets the FDA's requirements for direct contact with fruit and vegetable skin; new <b class="hugin">60# Raflacoat Premium</b>, which delivers high-gloss performance for maximum shelf appeal at a semi-gloss price point; and newly launched <b class="hugin">Raflex MDO</b> films, which combine the best properties of PP and PE for conformables.</p> <p class="hugin"><b class="hugin">Don't miss our Wine Workshop!</b><br class="hugin">On Wednesday, May 17 at 4&#58;15 p.m., UPM Raflatac's Andreu Gombau, Director of Sales for South America, and Edmund Ayres, Country Manager for Chile, Bolivia and Peru will partner with Colorama's General Manager, Juan Felipe Correa, to present on the latest in the wine industry, including export market expectations, global wine market growth, packaging trends and innovations and much more. Be sure to stick around after for a fun conclusion to the conference with a wine tasting, featuring a selection of incredible red and white wines from Vina San Pedro.</p> <p class="hugin">For more information about UPM Raflatac at Label Summit Latin America, please visit <a class="hugin" href="http&#58;//go.upmraflatac.com/LSLA_RE" target="_blank">http&#58;//go.upmraflatac.com/LSLA_RE</a>.</p> <p class="hugin">High-res photos can be downloaded at » <a class="hugin" href="http&#58;//pet.upm.com/l/ZcgVrRzTQBQx" target="_blank">http&#58;//pet.upm.com/l/ZcgVrRzTQBQx</a></p> <p class="hugin"><b class="hugin">For further information, please contact&#58;</b><br class="hugin">Andreu Gombau, Director, Sales, South America, UPM Raflatac, tel. +1- 828-654-6873, <a class="hugin" href="mailto&#58;andreu.gombau@upmraflatac.com" target="_blank">andreu.gombau@upmraflatac.com</a> </p> <p class="hugin"><b class="hugin">About UPM Raflatac</b><br class="hugin">UPM Raflatac is one of the world's leading producers of self-adhesive label materials. We supply high-quality paper and film label stock for consumer product and industrial labeling through a global network of factories, distribution terminals and sales offices. We employ around 3,000 people and made sales of USD 1.5 billion (EUR 1.4 billion) in 2016. UPM Raflatac is part of UPM - The Biofore Company. Find out more at <a class="hugin" href="http&#58;//www.upmraflatac.com" target="_blank">www.upmraflatac.com</a>. </p> <p class="hugin">Follow us on <a class="hugin" href="https&#58;//twitter.com/upmraflatacam" target="_blank">Twitter</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-raflatac" target="_blank">LinkedIn</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.facebook.com/upmraflatac" target="_blank">Facebook</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.youtube.com/user/upmraflatac" target="_blank">YouTube</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.instagram.com/upmraflatac" target="_blank">Instagram</a></p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
Discussions with the Government of Uruguay progressing - key items aligned 2017-05-03T22:00:00Z<p class="hugin">(UPM, Helsinki, 4 May 2017 at 01&#58;00 EET) - &quot;Good progress has been made in the discussions between the Government of Uruguay and UPM concerning the infrastructure development and other local prerequisites for long-term industrial growth in Uruguay. We are now in agreement regarding the majority of the key items on the negotiation agenda,&quot; says <b class="hugin">Jaakko Sarantola</b>, Senior Vice President, UPM, Uruguay Platform.</p> <p class="hugin">&quot;Some remaining items still need to be solved as we start the work on the contract language which will specify the mutual responsibilities. Our focus lies heavily on solving these remaining topics,&quot; says Sarantola.</p> <p class="hugin"><b class="hugin">Notes to the editor</b></p> <p class="hugin"><a class="hugin" href="http&#58;//www.upm.com/About-us/Newsroom/Releases/Pages/UPM-considers-alternatives-for-long-term-development-in-Uruguay---Logistics-infr-001-Thu-14-Jul-2016-00-48.aspx" target="_blank">In July 2016</a>, UPM commenced discussions with the Government of Uruguay regarding the prerequisites for long-term industrial development in Uruguay, including infrastructure development. </p> <p class="hugin">The aim of these discussions during the first preparation phase has been to come to a mutual understanding on an investment agreement that defines the local prerequisites for industrial investment as well as initiatives for infrastructure development. </p> <p class="hugin">The subsequent second preparation phase would consist of a pre-engineering study and permitting process, and achieving significant progress in the implementation of the infrastructure initiatives agreed upon during the first preparation phase. This phase is expected to last one and a half to two years. </p> <p class="hugin">If these two preparation phases are concluded successfully, UPM will initiate the company's regular process of analysing and preparing an investment decision regarding a potential pulp mill. </p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations</b><br class="hugin">Mon-Fri from 9&#58;00 to 16&#58;00 EET<br class="hugin">tel. +358 40 588 3284<br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="http&#58;//www.twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="http&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="http&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#c72b848f-2cb3-4c62-ac14-e72f6f391f59;L0|#0c72b848f-2cb3-4c62-ac14-e72f6f391f59|Investor news;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM-Kymmene Corporation: Managers' Transactions2017-04-27T11:00:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Managers' Transactions&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 27 April 2017 at 14&#58;00 EET</p> <p class="hugin"><b class="hugin">UPM-Kymmene Corporation&#58; Managers' Transactions</b></p> <p class="hugin">On 29 March 2017, the Annual General Meeting of UPM-Kymmene Corporation resolved that the annual base fee of the company's Board of Directors is paid in the company shares and cash so that 40% is payable in the company shares to be purchased on the Board members' behalf, and the rest in cash. In accordance with this resolution, Björn Wahlroos has been purchased shares as follows&#58;</p> <p class="hugin">Person subject to the notification requirement<br class="hugin">Name&#58; Wahlroos, Björn<br class="hugin">Position&#58; Chairman of the Board<br class="hugin">Issuer&#58; UPM-Kymmene Corporation<br class="hugin">LEI&#58; 213800EC6PW5VU4J9U64</p> <p class="hugin">Notification type&#58; INITIAL NOTIFICATION<br class="hugin">____________________________________________</p> <p class="hugin">Transaction date&#58; 2017-04-26<br class="hugin">Venue&#58; NASDAQ HELSINKI LTD (XHEL)<br class="hugin">Instrument type&#58; SHARE<br class="hugin">ISIN&#58; FI0009005987<br class="hugin">Nature of the transaction&#58; RECEIPT OF A SHARE-BASED REMUNERATION</p> <p class="hugin">Transaction details<br class="hugin">(1)&#58; Volume&#58; 3,067 Unit price&#58; 0.00000 EUR</p> <p class="hugin">Aggregated transactions<br class="hugin">(1)&#58; Volume&#58; 3,067 Volume weighted average price&#58; 0.00000 EUR</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a></p> <p class="hugin"><u class="hugin">Follow UPM on</u> <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM-Kymmene Corporation: Managers' Transactions 2017-04-27T11:00:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Managers' Transactions&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 27 April 2017 at 14&#58;00 EET</p> <p class="hugin"><b class="hugin">UPM-Kymmene Corporation&#58; Managers' Transactions</b></p> <p class="hugin">On 29 March 2017, the Annual General Meeting of UPM-Kymmene Corporation resolved that the annual base fee of the company's Board of Directors is paid in the company shares and cash so that 40% is payable in the company shares to be purchased on the Board members' behalf, and the rest in cash. In accordance with this resolution, Suzanne Thoma has been purchased shares as follows&#58;</p> <p class="hugin">Person subject to the notification requirement<br class="hugin">Name&#58; Thoma, Suzanne<br class="hugin">Position&#58; Member of the Board<br class="hugin">Issuer&#58; UPM-Kymmene Corporation<br class="hugin">LEI&#58; 213800EC6PW5VU4J9U64</p> <p class="hugin">Notification type&#58; INITIAL NOTIFICATION<br class="hugin">____________________________________________</p> <p class="hugin">Transaction date&#58; 2017-04-26<br class="hugin">Venue&#58; NASDAQ HELSINKI LTD (XHEL)<br class="hugin">Instrument type&#58; SHARE<br class="hugin">ISIN&#58; FI0009005987<br class="hugin">Nature of the transaction&#58; RECEIPT OF A SHARE-BASED REMUNERATION</p> <p class="hugin">Transaction details<br class="hugin">(1)&#58; Volume&#58; 1,776 Unit price&#58; 0.00000 EUR</p> <p class="hugin">Aggregated transactions<br class="hugin">(1)&#58; Volume&#58; 1,776 Volume weighted average price&#58; 0.00000 EUR</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a></p> <p class="hugin"><u class="hugin">Follow UPM on</u> <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM-Kymmene Corporation: Managers' Transactions2017-04-27T11:00:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Managers' Transactions&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 27 April 2017 at 14&#58;00 EET</p> <p class="hugin"><b class="hugin">UPM-Kymmene Corporation&#58; Managers' Transactions</b></p> <p class="hugin">On 29 March 2017, the Annual General Meeting of UPM-Kymmene Corporation resolved that the annual base fee of the company's Board of Directors is paid in the company shares and cash so that 40% is payable in the company shares to be purchased on the Board members' behalf, and the rest in cash. In accordance with this resolution, Ari Puheloinen has been purchased shares as follows&#58;</p> <p class="hugin">Person subject to the notification requirement<br class="hugin">Name&#58; Puheloinen, Ari<br class="hugin">Position&#58; Member of the Board<br class="hugin">Issuer&#58; UPM-Kymmene Corporation<br class="hugin">LEI&#58; 213800EC6PW5VU4J9U64</p> <p class="hugin">Notification type&#58; INITIAL NOTIFICATION<br class="hugin">____________________________________________</p> <p class="hugin">Transaction date&#58; 2017-04-26<br class="hugin">Venue&#58; NASDAQ HELSINKI LTD (XHEL)<br class="hugin">Instrument type&#58; SHARE<br class="hugin">ISIN&#58; FI0009005987<br class="hugin">Nature of the transaction&#58; RECEIPT OF A SHARE-BASED REMUNERATION</p> <p class="hugin">Transaction details<br class="hugin">(1)&#58; Volume&#58; 1,776 Unit price&#58; 0.00000 EUR</p> <p class="hugin">Aggregated transactions<br class="hugin">(1)&#58; Volume&#58; 1,776 Volume weighted average price&#58; 0.00000 EUR</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a></p> <p class="hugin"><u class="hugin">Follow UPM on</u> <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM-Kymmene Corporation: Managers' Transactions 2017-04-27T11:00:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Managers' Transactions&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 27 April 2017 at 14&#58;00 EET</p> <p class="hugin"><b class="hugin">UPM-Kymmene Corporation&#58; Managers' Transactions</b></p> <p class="hugin">On 29 March 2017, the Annual General Meeting of UPM-Kymmene Corporation resolved that the annual base fee of the company's Board of Directors is paid in the company shares and cash so that 40% is payable in the company shares to be purchased on the Board members' behalf, and the rest in cash. In accordance with this resolution, Piia-Noora Kauppi has been purchased shares as follows&#58;</p> <p class="hugin">Person subject to the notification requirement<br class="hugin">Name&#58; Kauppi, Piia-Noora<br class="hugin">Position&#58; Member of the Board<br class="hugin">Issuer&#58; UPM-Kymmene Corporation<br class="hugin">LEI&#58; 213800EC6PW5VU4J9U64</p> <p class="hugin">Notification type&#58; INITIAL NOTIFICATION<br class="hugin">____________________________________________</p> <p class="hugin">Transaction date&#58; 2017-04-26<br class="hugin">Venue&#58; NASDAQ HELSINKI LTD (XHEL)<br class="hugin">Instrument type&#58; SHARE<br class="hugin">ISIN&#58; FI0009005987<br class="hugin">Nature of the transaction&#58; RECEIPT OF A SHARE-BASED REMUNERATION</p> <p class="hugin">Transaction details<br class="hugin">(1)&#58; Volume&#58; 1,776 Unit price&#58; 0.00000 EUR</p> <p class="hugin">Aggregated transactions<br class="hugin">(1)&#58; Volume&#58; 1,776 Volume weighted average price&#58; 0.00000 EUR</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a></p> <p class="hugin"><u class="hugin">Follow UPM on</u> <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM-Kymmene Corporation: Managers' Transactions 2017-04-27T11:00:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Managers' Transactions&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 27 April 2017 at 14&#58;00 EET</p> <p class="hugin"><b class="hugin">UPM-Kymmene Corporation&#58; Managers' Transactions</b></p> <p class="hugin">On 29 March 2017, the Annual General Meeting of UPM-Kymmene Corporation resolved that the annual base fee of the company's Board of Directors is paid in the company shares and cash so that 40% is payable in the company shares to be purchased on the Board members' behalf, and the rest in cash. In accordance with this resolution, Berndt Brunow has been purchased shares as follows&#58;</p> <p class="hugin">Person subject to the notification requirement<br class="hugin">Name&#58; Brunow, Berndt<br class="hugin">Position&#58; Deputy Chairman of the Board<br class="hugin">Issuer&#58; UPM-Kymmene Corporation<br class="hugin">LEI&#58; 213800EC6PW5VU4J9U64</p> <p class="hugin">Notification type&#58; INITIAL NOTIFICATION<br class="hugin">____________________________________________</p> <p class="hugin">Transaction date&#58; 2017-04-26<br class="hugin">Venue&#58; NASDAQ HELSINKI LTD (XHEL)<br class="hugin">Instrument type&#58; SHARE<br class="hugin">ISIN&#58; FI0009005987<br class="hugin">Nature of the transaction&#58; RECEIPT OF A SHARE-BASED REMUNERATION</p> <p class="hugin">Transaction details<br class="hugin">(1)&#58; Volume&#58; 2,179 Unit price&#58; 0.00000 EUR</p> <p class="hugin">Aggregated transactions<br class="hugin">(1)&#58; Volume&#58; 2,179 Volume weighted average price&#58; 0.00000 EUR</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a></p> <p class="hugin"><u class="hugin">Follow UPM on</u> <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM-Kymmene Corporation: Managers' Transactions2017-04-27T11:00:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Managers' Transactions&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 27 April 2017 at 14&#58;00 EET</p> <p class="hugin"><b class="hugin">UPM-Kymmene Corporation&#58; Managers' Transactions</b></p> <p class="hugin">On 29 March 2017, the Annual General Meeting of UPM-Kymmene Corporation resolved that the annual base fee of the company's Board of Directors is paid in the company shares and cash so that 40% is payable in the company shares to be purchased on the Board members' behalf, and the rest in cash. In accordance with this resolution, Veli-Matti Reinikkala has been purchased shares as follows&#58;</p> <p class="hugin">Person subject to the notification requirement<br class="hugin">Name&#58; Reinikkala, Veli-Matti<br class="hugin">Position&#58; Member of the Board<br class="hugin">Issuer&#58; UPM-Kymmene Corporation<br class="hugin">LEI&#58; 213800EC6PW5VU4J9U64</p> <p class="hugin">Notification type&#58; INITIAL NOTIFICATION<br class="hugin">____________________________________________</p> <p class="hugin">Transaction date&#58; 2017-04-26<br class="hugin">Venue&#58; NASDAQ HELSINKI LTD (XHEL)<br class="hugin">Instrument type&#58; SHARE<br class="hugin">ISIN&#58; FI0009005987<br class="hugin">Nature of the transaction&#58; RECEIPT OF A SHARE-BASED REMUNERATION</p> <p class="hugin">Transaction details<br class="hugin">(1)&#58; Volume&#58; 1,776 Unit price&#58; 0.00000 EUR</p> <p class="hugin">Aggregated transactions<br class="hugin">(1)&#58; Volume&#58; 1,776 Volume weighted average price&#58; 0.00000 EUR</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a></p> <p class="hugin"><u class="hugin">Follow UPM on</u> <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM-Kymmene Corporation: Managers' Transactions2017-04-27T11:00:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Managers' Transactions&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 27 April 2017 at 14&#58;00 EET</p> <p class="hugin"><b class="hugin">UPM-Kymmene Corporation&#58; Managers' Transactions</b></p> <p class="hugin">On 29 March 2017, the Annual General Meeting of UPM-Kymmene Corporation resolved that the annual base fee of the company's Board of Directors is paid in the company shares and cash so that 40% is payable in the company shares to be purchased on the Board members' behalf, and the rest in cash. In accordance with this resolution, Wendy Lane has been purchased shares as follows&#58;</p> <p class="hugin">Person subject to the notification requirement<br class="hugin">Name&#58; Lane, Wendy<br class="hugin">Position&#58; Member of the Board<br class="hugin">Issuer&#58; UPM-Kymmene Corporation<br class="hugin">LEI&#58; 213800EC6PW5VU4J9U64</p> <p class="hugin">Notification type&#58; INITIAL NOTIFICATION<br class="hugin">____________________________________________</p> <p class="hugin">Transaction date&#58; 2017-04-26<br class="hugin">Venue&#58; NASDAQ HELSINKI LTD (XHEL)<br class="hugin">Instrument type&#58; SHARE<br class="hugin">ISIN&#58; FI0009005987<br class="hugin">Nature of the transaction&#58; RECEIPT OF A SHARE-BASED REMUNERATION</p> <p class="hugin">Transaction details<br class="hugin">(1)&#58; Volume&#58; 1,776 Unit price&#58; 0.00000 EUR</p> <p class="hugin">Aggregated transactions<br class="hugin">(1)&#58; Volume&#58; 1,776 Volume weighted average price&#58; 0.00000 EUR</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a></p> <p class="hugin"><u class="hugin">Follow UPM on</u> <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM-Kymmene Corporation: Managers' Transactions2017-04-27T11:00:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Managers' Transactions&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 27 April 2017 at 14&#58;00 EET</p> <p class="hugin"><b class="hugin">UPM-Kymmene Corporation&#58; Managers' Transactions</b></p> <p class="hugin">On 29 March 2017, the Annual General Meeting of UPM-Kymmene Corporation resolved that the annual base fee of the company's Board of Directors is paid in the company shares and cash so that 40% is payable in the company shares to be purchased on the Board members' behalf, and the rest in cash. In accordance with this resolution, Henrik Ehrnrooth has been purchased shares as follows&#58;</p> <p class="hugin">Person subject to the notification requirement<br class="hugin">Name&#58; Ehrnrooth, Henrik<br class="hugin">Position&#58; Member of the Board<br class="hugin">Issuer&#58; UPM-Kymmene Corporation<br class="hugin">LEI&#58; 213800EC6PW5VU4J9U64</p> <p class="hugin">Notification type&#58; INITIAL NOTIFICATION<br class="hugin">____________________________________________</p> <p class="hugin">Transaction date&#58; 2017-04-26<br class="hugin">Venue&#58; NASDAQ HELSINKI LTD (XHEL)<br class="hugin">Instrument type&#58; SHARE<br class="hugin">ISIN&#58; FI0009005987<br class="hugin">Nature of the transaction&#58; RECEIPT OF A SHARE-BASED REMUNERATION</p> <p class="hugin">Transaction details<br class="hugin">(1)&#58; Volume&#58; 1,776 Unit price&#58; 0.00000 EUR</p> <p class="hugin">Aggregated transactions<br class="hugin">(1)&#58; Volume&#58; 1,776 Volume weighted average price&#58; 0.00000 EUR</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a></p> <p class="hugin"><u class="hugin">Follow UPM on</u> <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM-Kymmene Corporation: Managers' Transactions2017-04-27T11:00:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Managers' Transactions&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 27 April 2017 at 14&#58;00 EET</p> <p class="hugin"><b class="hugin">UPM-Kymmene Corporation&#58; Managers' Transactions</b></p> <p class="hugin">On 29 March 2017, the Annual General Meeting of UPM-Kymmene Corporation resolved that the annual base fee of the company's Board of Directors is paid in the company shares and cash so that 40% is payable in the company shares to be purchased on the Board members' behalf, and the rest in cash. In accordance with this resolution, Kim Wahl has been purchased shares as follows&#58;</p> <p class="hugin">Person subject to the notification requirement<br class="hugin">Name&#58; Wahl, Kim<br class="hugin">Position&#58; Member of the Board<br class="hugin">Issuer&#58; UPM-Kymmene Corporation<br class="hugin">LEI&#58; 213800EC6PW5VU4J9U64</p> <p class="hugin">Notification type&#58; INITIAL NOTIFICATION<br class="hugin">____________________________________________</p> <p class="hugin">Transaction date&#58; 2017-04-26<br class="hugin">Venue&#58; NASDAQ HELSINKI LTD (XHEL)<br class="hugin">Instrument type&#58; SHARE<br class="hugin">ISIN&#58; FI0009005987<br class="hugin">Nature of the transaction&#58; RECEIPT OF A SHARE-BASED REMUNERATION</p> <p class="hugin">Transaction details<br class="hugin">(1)&#58; Volume&#58; 1,776 Unit price&#58; 0.00000 EUR</p> <p class="hugin">Aggregated transactions<br class="hugin">(1)&#58; Volume&#58; 1,776 Volume weighted average price&#58; 0.00000 EUR</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a></p> <p class="hugin"><u class="hugin">Follow UPM on</u> <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
New study: Finns believe that the most successful fields for Finnish companies in the future are cleantech, health technology and the forest industry2017-04-26T09:00:00Z<p class="hugin">(UPM, Helsinki, 26 April 2017 at 12&#58;00 EET) - According to a new research study, Finns believe that in future, domestic companies will be most successful in environmentally sustainable technologies, health technology and the forest industry. One example of a Finnish cleantech innovation is the wood-based biofuel produced from forest industry residues.</p> <p class="hugin">According to a recent research study by the Association for Finnish Work, Finns believe that the biggest chances of future success for domestic companies lie in environmentally sustainable technologies (46%), the forest industry (30%) and health technologies (30%). Success in the renewable energy industry is also deemed likely (28%).</p> <p class="hugin">&quot;The study results confirm our impression that people believe Finnish companies will help solve future global issues like challenges related to the climate change and sustainable development. Companies in these fields have an enormous growth potential all over the world,&quot; says <b class="hugin">Tero Lausala</b>, CEO, The Association for Finnish Work.</p> <p class="hugin"><img alt="" class="hugin" height="400" id="Picture 1" src="https&#58;//hugin.info/165629/I/2098880/117048.jpg" width="600" /></p> <p class="hugin">One example of a Finnish cleantech innovation is the wood-based UPM BioVerno diesel developed by UPM. It is a Finnish Key Flag product produced in the Lappeenranta Biorefinery using crude tall oil. The product development maximises the utilisation of sustainable wood raw material.</p> <p class="hugin">Crude tall oil is a natural wood extract, mainly from the resin of coniferous trees, gained as a residue of pulp production. Therefore, the production of UPM BioVerno does not require any extra felling of trees.</p> <p class="hugin">&quot;Innovations that reduce the harmful climate effects of traffic and driving are extremely important. Unlike traditional biofuels, UPM BioVerno is derived from non-food materials, and is suitable for all diesel engines without needing to be blended. Its greenhouse gas emissions and local road traffic emissions, like nitrogen oxides and particles, are significantly lower compared to traditional fossil diesel,&quot; says <b class="hugin">Sari Mannonen</b>, Vice President of UPM Biofuels.</p> <p class="hugin"><i class="hugin">In which fields do you believe Finnish companies have the greatest chances of success in the future? Please choose the three most important.</i></p> <ol class="hugin" type="1"> <li class="hugin"> <div class="hugin"><i class="hugin">Environmentally sustainable technologies 46%</i></div> </li> <li class="hugin"> <div class="hugin"><i class="hugin">Forest industry 30%</i></div> </li> <li class="hugin"> <div class="hugin"><i class="hugin">Health technology 30%</i></div> </li> <li class="hugin"> <div class="hugin"><i class="hugin">Renewable energy 28%</i></div> </li> <li class="hugin"> <div class="hugin"><i class="hugin">Gaming industry 22%</i></div> </li> <li class="hugin"> <div class="hugin"><i class="hugin">&#160;Education export 21%</i></div> </li> <li class="hugin"> <div class="hugin"><i class="hugin">Information technology 20%</i></div> </li> <li class="hugin"> <div class="hugin"><i class="hugin">Shipping industry 18 %</i></div> </li> <li class="hugin"> <div class="hugin"><i class="hugin">Expert services 14%</i></div> </li> <li class="hugin"> <div class="hugin"><i class="hugin">Food products 13%</i></div> </li> </ol> <p class="hugin">The survey information is based on the Made by Finland campaign study by the Association for Finnish Work. The survey was conducted by the market research company Taloustutkimus in February 2017, and responses were received from 2219 Finns aged 18-79. The Made by Finland campaign is a collaboration between the Association for Finnish Work, its members and collaborative organisations, and it celebrates Finnish work and its success stories. More than 80 companies and organisations take part in the campaign. Follow Made by Finland on <a class="hugin" href="https&#58;//www.facebook.com/madebyfinland/?fref=ts" target="_blank">Facebook</a> and Twitter&#58; <a class="hugin" href="https&#58;//twitter.com/search?q=#madebyfinland&amp;amp%3bsrc=typd" target="_blank">#madebyfinland</a>.</p> <p class="hugin"><img alt="" border="0" class="hugin" height="400" id="Picture 2" src="https&#58;//hugin.info/165629/I/2098880/117049.jpg" width="600" /></p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Sari Mannonen, Vice President, UPM Biofuels, <a class="hugin" href="mailto&#58;sari.mannonen@upm.com" target="_blank">sari.mannonen@upm.com</a>, +358 45 265 1345<br class="hugin">Tero Lausala, CEO, Association for Finnish Work, <a class="hugin" href="mailto&#58;tero.lausala@suomalainentyo.fi" target="_blank">tero.lausala@suomalainentyo.fi</a>, +358 50 407 2623<br class="hugin">Jokke Eljala, Research Director, Association for Finnish Work, <a class="hugin" href="mailto&#58;jokke.eljala@suomalainentyo.fi" target="_blank">jokke.eljala@suomalainentyo.fi</a>, +358 50 374 7410</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">9.00-16.00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">The Made by Finland</b> campaign is a collaboration between the Association for Finnish Work, its members and collaborative organisations, and an official part of Finland's centenary programme. More than 80 member organisations of the Association for Finnish Work participate in the campaign that aims to build pride in the diversity of Finnish work. Made by Finland also brings together experts of the Finnish working life. As part of the Made by Finland campaign, the Association for Finnish Work, the Finnish Funding Agency for Technology and Innovation (Tekes), the Työelämä 2020 initiative and the Finnish Institute of Occupational Health are reviewing and developing the Finnish working life and its strengths. <a class="hugin" href="http&#58;//www.madebyfinland.fi/" target="_blank">www.madebyfinland.fi</a></p> <p class="hugin"><b class="hugin">UPM Biofuels</b> plans to become a major player in high quality, advanced biofuels for transport. Biofuels are an essential part of UPM's Biofore strategy. The innovative, wood-based biofuels developed by UPM and the production technologies used are an integral part of a sustainable future. UPM biofuels are frontrunners in quality, usability and sustainability. They will significantly decrease greenhouse gas and local road traffic emissions compared to fossil fuels. <a class="hugin" href="http&#58;//www.upmbiofuels.com/" target="_blank">www.upmbiofuels.com</a></p> <p class="hugin">Follow UPM Biofuels on <a class="hugin" href="https&#58;//twitter.com/UPM_Biofuels" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPM-Biopolttoaineet-328642547332048/" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/playlist?list=PLJwXrjw5FtwHDcos7UjxvktVuYXNfMkWo" target="_blank">Youtube</a></p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
Interim Report Q1/2017: UPM businesses deliver a strong start for 20172017-04-25T06:50:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Interim Report &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;25 April 2017 at 9&#58;50 EET</p> <p class="hugin"><b class="hugin">Interim Report Q1/2017&#58; </b><br class="hugin"><b class="hugin">UPM businesses deliver a strong start for 2017</b></p> <p class="hugin"><b class="hugin">Q1 2017 highlights</b></p> <ul class="hugin"> <li class="hugin"> <div class="hugin">Comparable EBIT increased by 8% to EUR 305 million (281 million).</div> </li> <li class="hugin"> <div class="hugin">Strong operational efficiency and good growth in deliveries.</div> </li> <li class="hugin"> <div class="hugin">Operating cash flow was strong at EUR 396 million (341 million).</div> </li> <li class="hugin"> <div class="hugin">Net debt decreased to EUR 807 million (1,873 million).</div> </li> <li class="hugin"> <div class="hugin">UPM announced divestments of hydropower assets in Germany, Austria and the US.</div> </li> <li class="hugin"> <div class="hugin">UPM renewed its long-term financial targets in January.</div> </li> </ul> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_0" style="border-collapse&#58;collapse;border-style&#58;none;"> <tbody class="hugin"> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;"> <b class="hugin">Key figures</b> </td> <td align="center" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;"> Q1/2017 </td> <td align="center" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;"> Q1/2016 </td> <td align="center" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;"> Q4/2016 </td> <td align="center" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;"> Q1-Q4/2016 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Sales, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 2,482 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 2,446 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 2,476 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 9,812 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Comparable EBITDA, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 405 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 403 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 349 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,560 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> &#160; % of sales </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 16.3 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 16.5 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 14.1 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 15.9 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Operating profit, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 312 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 277 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 232 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,135 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Comparable EBIT, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 305 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 281 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 283 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,143 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> &#160; % of sales </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 12.3 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 11.5 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 11.4 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 11.6 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Profit before tax, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 299 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 263 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 231 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,080 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> &#160; Comparable profit before tax, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 291 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 267 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 282 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,089 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Profit for the period, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 240 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 227 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 187 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 880 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Comparable profit for the period, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 234 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 225 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 220 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 879 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Earnings per share (EPS), EUR </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.45 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.43 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.35 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1.65 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> &#160; Comparable EPS, EUR </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.44 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.42 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.41 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1.65 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Return on equity (ROE), % </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 11.8 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 11.4 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 9.3 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.9 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Comparable ROE, % </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 11.6 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 11.3 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.9 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.9 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Return on capital employed (ROCE), % </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 12.0 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 9.9 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 9.4 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.5 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Comparable ROCE, % </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 11.7 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.1 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 11.4 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.6 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Operating cash flow, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 396 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 341 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 405 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,686 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Operating cash flow per share, EUR </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.74 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.64 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.76 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 3.16 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Equity per share at end of period, EUR </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 14.92 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 14.94 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 15.43 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 15.43 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Capital employed at the end of period, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 9,919 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 11,000 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10,657 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10,657 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Net debt at the end of period, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 807 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,873 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,131 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,131 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Net debt to EBITDA (last 12 m.) </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.52 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,31 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.73 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.73 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Personnel at the end of period </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 19,301 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 19,870 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 19,310 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 19,310 </td> </tr> </tbody> </table> <p class="hugin"><b class="hugin">Jussi Pesonen, President and CEO, comments on Q1 result&#58;</b></p> <p class="hugin">&quot;UPM started year 2017 with a successful quarter. Our performance continued on a high level thanks to strong operational efficiency and good growth in deliveries. Our comparable EBIT increased by 8% to EUR 305 million and our balance sheet strengthened further. Operating cash flow was strong at EUR 396 million and our net debt decreased to EUR 807 million.</p> <p class="hugin">Growth was the main driver of the improved financial performance. Demand was good for most of our products and markets, particularly in Asia, and we were able to serve the increasing customer demand with the help of our recent growth initiatives. While we enjoyed a favourable market environment, we also experienced moderate input cost inflation, which we managed to contain well.</p> <p class="hugin">All businesses performed well during the first quarter. UPM Biorefining reached record production in Pulp, Biofuels and Timber. Our recent pulp debottlenecking investments have been successful and the ongoing investment at UPM Kymi pulp mill is proceeding well. </p> <p class="hugin">UPM Specialty Papers enjoyed strong markets and made good progress in driving its product mix forward, enabled by the new specialty paper machine in China. All of this was evident in the strong result for the quarter. </p> <p class="hugin">Both UPM Raflatac and UPM Plywood achieved record profits in the quarter, thanks to strong sales volumes and a favourable product mix. In Raflatac our efforts to strengthen our commercial capabilities are paying off and the labelstock investment in Poland is proceeding well. In Plywood, the Otepää investment in Estonia is already contributing to profitable growth in birch plywood.</p> <p class="hugin">UPM Paper ENA delivered another good quarter. We announced sale agreements of hydropower facilities in Germany, Austria and the US, which will add to Paper ENA's strong cash flow later this year. UPM Energy profits decreased due to a mild winter and low hydropower volumes. </p> <p class="hugin">We look confidently to the future as shown by our new ambitious long-term financial targets announced in January. We have competitive businesses with strong market positions and attractive growth opportunities. Going forward we continue to aim higher with our performance. With our cash flow and balance sheet we can distribute attractive dividends and invest in profitable growth simultaneously.&quot;</p> <p class="hugin"><b class="hugin">Outlook for 2017</b></p> <p class="hugin">UPM's profitability improved significantly in 2016 and is expected to remain on a good level in 2017.</p> <p class="hugin">Demand growth is expected to continue for most of UPM's businesses, while demand decline is expected to continue for UPM Paper ENA. The focused growth projects continue to contribute gradually to UPM's performance.</p> <p class="hugin">Following a deflationary environment in recent years, 2017 is expected to show modest input cost inflation. UPM will continue measures to reduce fixed and variable costs to mitigate this.</p> <p class="hugin">In Q2 2017, UPM's performance will be impacted by higher maintenance activity, especially in UPM Biorefining, UPM Paper ENA and UPM Energy, compared with Q1 2017.</p> <p class="hugin"><b class="hugin">Webcast and press conference</b></p> <p class="hugin">UPM's President and CEO Jussi Pesonen will present the results in a webcast and a conference call for analysts and investors, held in English language, today at 13&#58;15 EET.</p> <p class="hugin">Later in the afternoon, Jussi Pesonen will present the results in a press conference held in Finnish language at the UPM Group Head Office (The Biofore House) in Helsinki, Alvar Aallon katu 1, at 14&#58;30 EET.</p> <p class="hugin"><b class="hugin">Webcast and conference call details&#58;</b></p> <p class="hugin">The conference call can be joined either by dialling a number in the list below or following the webcast online at <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a> or through <a class="hugin" href="https&#58;//upm.videosync.fi/2017-04-25-q1" target="_blank">this link.</a> </p> <p class="hugin">Only participants who wish to ask questions in the conference call need to dial in. All participants can view the webcast presentation online. We recommend that participants start dialling in 5-10 minutes prior to the conference call to ensure a timely start.</p> <p class="hugin">The presentation is available at <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a> for 12 months after the call.</p> <p class="hugin">Conference call title&#58; <b class="hugin">UPM Interim Report for January - March 2017</b></p> <p class="hugin"><b class="hugin">Direct telephone numbers&#58;</b></p> <p class="hugin">BE&#58; +3224040635<br class="hugin">DK&#58; +45 823 331 78<br class="hugin">FI&#58; +358981710495<br class="hugin">UK&#58; +442031940552<br class="hugin">NO&#58; +4723500211<br class="hugin">SE&#58; +46856642702<br class="hugin">US&#58; +18557161597</p> <p class="hugin"><b class="hugin">International telephone numbers with a pin code 29298243#</b></p> <p class="hugin">AU&#58; +61 29253 5844<br class="hugin">AT&#58; +43 19282 258&#160; &#160;<br class="hugin">CH&#58; +44 44580 0083&#160; &#160;<br class="hugin">CN&#58; +86 400 681 5421&#160; &#160;<br class="hugin">DE&#58; +49 030 221 510 067&#160; &#160;<br class="hugin">ES&#58; +34 911 143 608&#160; &#160;<br class="hugin">FR&#58; +332 9092 0977&#160; &#160;<br class="hugin">HK&#58; +852 3068 9834&#160; &#160;<br class="hugin">IN&#58; 0018038524634<br class="hugin">IR&#58; +353 1696 8154&#160; &#160;<br class="hugin">IT&#58; +39 2 3604 6798&#160; &#160;<br class="hugin">JP&#58; +81 3 4455 9554&#160; &#160;<br class="hugin">NL&#58; +31 20 716 8427&#160; &#160;<br class="hugin">SP&#58; +65 6307 7610&#160; &#160;</p> <p class="hugin">**</p> <p class="hugin">It should be noted that certain statements herein, which are not historical facts, including, without limitation, those regarding expectations for market growth and developments; expectations for growth and profitability; and statements preceded by &quot;believes&quot;, &quot;expects&quot;, &quot;anticipates&quot;, &quot;foresees&quot;, or similar expressions, are forward-looking statements. Since these statements are based on current plans, estimates and projections, they involve risks and uncertainties which may cause actual results to materially differ from those expressed in such forward-looking statements. Such factors include, but are not limited to&#58; (1) operating factors such as continued success of manufacturing activities and the achievement of efficiencies therein including the availability and cost of production inputs, continued success of product development, acceptance of new products or services by the Group's targeted customers, success of the existing and future collaboration arrangements, changes in business strategy or development plans or targets, changes in the degree of protection created by the Group's patents and other intellectual property rights, the availability of capital on acceptable terms; (2) industry conditions, such as strength of product demand, intensity of competition, prevailing and future global market prices for the Group's products and the pricing pressures thereto, financial condition of the customers and the competitors of the Group, the potential introduction of competing products and technologies by competitors; and (3) general economic conditions, such as rates of economic growth in the Group's principal geographic markets or fluctuations in exchange and interest rates. The main earnings sensitivities and the group's cost structure are presented on page 115 of the 2016 Annual Report. Risks and opportunities are discussed on pages 22-23 and risks and risk management are presented on pages 98-99 of the report.</p> <p class="hugin">**</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations</b><br class="hugin">Mon-Fri from 9&#58;00 to 16&#58;00 EET<br class="hugin">tel. +358 40 588 3284<a class="hugin" href="#">&#160; &#160;</a><br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="http&#58;//www.twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="http&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="http&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> <p class="hugin"><b class="hugin">UPM</b> presents certain performance measures of performance, financial position and cash flows, which are alternative performance measures in accordance with the guidance issued by the European Securities and Markets Authority (ESMA). The definitions of alternative performance measures are presented in notes to the consolidated financial statements in UPM Annual Report.</p> <p><a href="http&#58;//hugin.info/165629/R/2098377/794744.pdf" target="_blank">UPM Interim Report Q1 2017</a></p>GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM's Zero Solid Waste to Landfill initiative wins the Midwest Regional Sustainability Award in the US2017-04-21T12:00:00Z<p class="hugin">(UPM, Helsinki, 21 April 2017 at 15&#58;00 EET) - UPM's Zero Solid Waste to Landfill initiative received the Gold Award in the Midwest Region Sustainability competition challenged by the Institute for Supply Management (ISM) Chicago. According to the panel of judges, UPM's initiative stands out as an excellent example highlighting Supply Managers' responsibility to lead, drive and influence sustainability initiatives within an organization. </p> <p class="hugin" style="clear&#58;both;"><img align="left" alt="" class="hugin" height="381" hspace="12" src="https&#58;//hugin.info/165629/I/2097690/116945.jpg" width="183" />UPM's Zero Solid Waste to Landfill initiative, launched in 2016<b class="hugin">,</b> is one of the ways in which UPM contributes to the United Nations sustainable development goals for the year 2030. The initiative focuses on five of the most challenging production side streams to recycle, starting in UPM's home country, Finland. The waste fractions are ash, sludge, sandy bark, dregs and mixed waste. The project's main goal is creating a permanent and scalable operational model around the existing forms of recycling and reuse of these challenging side streams, but it also looks into finding completely new, innovative ways to recycle and reuse the solid waste that has previously ended up in landfills. At UPM approximately 90 per cent of production waste is already today recycled or reused. Before initiating this project, UPM already had zero solid waste to landfill operations at its mills in Austria and Germany.</p> <p class="hugin">&quot;UPM achieved both waste and cost savings from their Zero Solid Waste to Landfill efforts, showing how significant progress can be made to simultaneously reduce cost and support sustainable initiatives,&quot; says <b class="hugin">Scott Daniels</b>, ISM Chicago Sustainability Chair.</p> <p class="hugin">&quot;We are very impressed that our initiative was so highly recognized,&quot; says <b class="hugin">Jennifer Wilkerson,</b> Director, Business Development and Marketing, UPM Paper ENA (Europe and North America). &quot;The excellent results so far in the Zero Solid Waste to Landfill Initiative is, of course, a result of active networking both internally and with external partners,&quot; Jennifer tells.</p> <p class="hugin">UPM's comprehensive side stream based product portfolio includes already, for example<br class="hugin">- Renewable diesel and naphtha from tall oil, a residue from company's pulp production<br class="hugin">- Biocomposites from recycled paper and plastic which is manufacturing surplus from company's self-adhesive label materials production<br class="hugin">- Recycled nutrients from side stream ash and sludge<br class="hugin">- Soil stabilisation products out of dregs and ash <br class="hugin">- Geopolymers and concrete binders from dregs and ash<br class="hugin">- Forest fertilisers and alkaline replacements out of ash from biomass incineration<br class="hugin">- Biogas out of primary and bio sludge<br class="hugin">- Wood waste side streams to composting and substrates</p> <p class="hugin">A million tonnes of UPM paper is used in the United States annually. UPM has a paper mill in Minnesota and 700&#160;000 tonnes of UPM paper is delivered every year from Europe.</p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Pekka Ståhlberg, Director, Business Support, UPM Biorefining, tel. +358 50&#160;366 3434<br class="hugin">Jennifer Wilkerson, Director, Business Development and Marketing, UPM Paper ENA, tel. +1&#160;630&#160;947 3019</p> <p class="hugin">To read more about UPM's responsibility approach, please visit www.upm.com &gt; <a class="hugin" href="http&#58;//www.upm.com/Responsibility/Pages/default.aspx" target="_blank">Responsibility</a>. Also, see a series of articles about the project on upmbiofore.com&#58; <a class="hugin" href="https&#58;//www.upmbiofore.com/upm/the-best-way-of-disposing-mixed-waste-is-minimising-its-production/" target="_blank">https&#58;//www.upmbiofore.com/upm/the-best-way-of-disposing-mixed-waste-is-minimising-its-production/</a> </p> <p class="hugin"><b class="hugin">UPM Paper ENA</b><br class="hugin">UPM Paper ENA (Europe and North America) is the world's leading producer of graphic papers, offering an extensive product range for advertising and publishing as well as home and office uses. The high performing papers and service concepts of UPM add value to our customers' businesses, while actively fulfilling demanding environmental and social responsibility criteria. With headquarters in Germany, UPM Paper ENA employs approximately 8,000 people. To learn more about UPM Paper ENA visit&#58; <a class="hugin" href="http&#58;//www.upmpaper.com" target="_blank">www.upmpaper.com</a></p> <p class="hugin">Follow UPM Paper ENA &#160;on <a class="hugin" href="https&#58;//www.twitter.com/UPM_Papers" target="_blank">Twitter</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//www.twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.fi/" target="_blank">upmbiofore.com</a></p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
New model helps UPM Raflatac develop the sustainability of its supply chain2017-04-20T07:00:00Z<p class="hugin"><b class="hugin">&#160; &#160;</b><br class="hugin">(UPM Raflatac, Helsinki, 20 April 2017 at 10&#58;00 EET) - UPM Raflatac and Kuehne + Nagel Integrated Logistics have partnered in a study to evaluate and develop the sustainability and performance of UPM Raflatac's supply chain. </p> <p class="hugin">During the study, UPM Raflatac got a numeric estimation of its current supply chain sustainability, and is now able to follow how the supply chain evolves, study changes and steer development in the right direction. The degree of supply chain sustainability was evaluated using a new model that considers 15 key performance indicators under ecological, economic and societal categories. </p> <p class="hugin">&quot;The study provided a deeper insight into the broader sustainability impacts of our supply chain. This can help us make informed decisions regarding our logistics optimization,&quot; says <b class="hugin">Oona Koski,</b> Senior Specialist, Sustainability, UPM Raflatac.</p> <p class="hugin">Companies need to understand and measure their supply chains in order to manage multiple supply chain risks and maintain competitiveness. Most organizations measure only ecological indicators, typically CO2&#160;emissions. The new model of evaluation additionally considers economic and societal aspects. When the impacts of all three aspects are evaluated, sustainability and the performance of a supply chain are assessed more comprehensively. </p> <p class="hugin">The new model is part of continuous development between UPM Raflatac and Kuehne + Nagel. It can be used when evaluating future changes in UPM Raflatac's supply chain, to support the company's sustainable development. </p> <p class="hugin">&quot;Our strategic partnership with UPM Raflatac aims to optimize the performance of UPM Raflatac's logistics. This model provides an opportunity to strengthen our relationship and further benefit both companies,&quot; says <b class="hugin">Teemu Koivunen</b>, Director of Kuehne + Nagel Integrated Logistics Finland.</p> <p class="hugin">The new evaluation model was developed by <b class="hugin">Anne Winter</b> (PhD) from the University of Strasbourg. Her study is titled &quot;<i class="hugin">Evaluation Model of a Supply Chain's Sustainability Performance and Risk Assessment Model Towards a Redesign Process&quot;</i>.</p> <p class="hugin"><img alt="" class="hugin" height="456" id="Picture 1" src="https&#58;//hugin.info/165629/I/2096971/116846.png" width="627" /></p> <p class="hugin"><em class="hugin">Photo&#58; Winter A., 2016. Evaluation Model of a Supply Chain's Sustainability Performance and Risk Assessment Model Towards a Redesign Process. Case Study at Kuehne + Nagel Luxembourg. Thèse de doctrorat de l'Université de Strasbourg.</em></p> <p class="hugin"><b class="hugin">For more information, please contact&#58;</b><br class="hugin">Oona Koski, Senior Specialist, Sustainability, UPM Raflatac, tel. +358 2041 6143</p> <p class="hugin"><b class="hugin">UPM Raflatac </b><br class="hugin">UPM Raflatac is one of the world's leading producers of self-adhesive label materials. We supply high-quality paper and film label stock for consumer product and industrial labelling through a global network of factories, distribution terminals and sales offices. We employ around 3,000 people and made sales of EUR 1.4 billion (USD 1.5 billion) in 2016. UPM Raflatac is part of UPM - The Biofore Company. Find out more at <a class="hugin" href="http&#58;//www.upmraflatac.com" target="_blank">www.upmraflatac.com</a>.</p> <p class="hugin">Follow UPM Raflatac on <a class="hugin" href="https&#58;//twitter.com/upm_raflatac" target="_blank">Twitter</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-raflatac" target="_blank">LinkedIn</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.facebook.com/upmraflatac" target="_blank">Facebook</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.youtube.com/user/upmraflatac" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmraflatac/" target="_blank">Instagram</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a> </p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
Invitation to UPM's press conference and webcast on Interim Results for the first quarter of 20172017-04-18T07:00:00Z<p class="hugin">(UPM, Helsinki, 18 April 2017 at 10&#58;00 EET) - UPM will publish its first quarter 2017 results on 25 April 2017 at 09&#58;30-10&#58;00 EET. The report will be available on the company's website at <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a> after publishing.</p> <p class="hugin">UPM's President and CEO <b class="hugin">Jussi Pesonen</b> will present the results in a webcast and a conference call for analysts and investors, held in English language, on 25 April 2017 at 13&#58;15 EET.</p> <p class="hugin">Later in the afternoon, Jussi Pesonen will present the results in a press conference held in Finnish language at the UPM Group Head Office (The Biofore House) in Helsinki, Alvar Aallon katu 1, at 14&#58;30 EET.</p> <p class="hugin"><b class="hugin">Webcast and conference call details&#58;</b></p> <p class="hugin">The conference call can be participated in either by dialling a number in the list below or following the webcast online at <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a> or through <a class="hugin" href="https&#58;//upm.videosync.fi/2017-04-25-q1" target="_blank">this link.</a> </p> <p class="hugin">Only participants who wish to ask questions in the conference call need to dial in. All participants can view the webcast presentation online. We recommend that participants start dialling in 5-10 minutes prior to ensure a timely start of the webcast.</p> <p class="hugin">The presentation is available at <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a> for 12 months after the call.</p> <p class="hugin">Conference call title&#58; <b class="hugin">UPM Interim Report for January - March 2017</b></p> <p class="hugin"><b class="hugin">Direct telephone numbers&#58;</b></p> <p class="hugin">BE&#58; +3224040635<br class="hugin">DK&#58; +45 823 331 78<br class="hugin">FI&#58; +358981710495<br class="hugin">UK&#58; +442031940552<br class="hugin">NO&#58; +4723500211<br class="hugin">SE&#58; +46856642702<br class="hugin">US&#58; +18557161597</p> <p class="hugin"><b class="hugin">International telephone numbers with a pin code 29298243#</b></p> <p class="hugin">AU&#58; +61 29253 5844<br class="hugin">AT&#58; +43 19282 258<br class="hugin">CH&#58; +44 44580 0083<br class="hugin">CN&#58; +86 400 681 5421<br class="hugin">DE&#58; +49 030 221 510 067<br class="hugin">ES&#58; +34 911 143 608<br class="hugin">FR&#58; +332 9092 0977<br class="hugin">HK&#58; +852 3068 9834<br class="hugin">IN&#58; 0018038524634<br class="hugin">IR&#58; +353 1696 8154<br class="hugin">IT&#58; +39 2 3604 6798<br class="hugin">JP&#58; +81 3 4455 9554<br class="hugin">NL&#58; +31 20 716 8427<br class="hugin">SP&#58; +65 6307 7610</p> <p class="hugin"><b class="hugin">For more information, please contact&#58;</b></p> <p class="hugin"><b class="hugin">UPM, Investor Relations</b><br class="hugin">Mon-Fri from 9&#58;00 to 16&#58;00 EET<br class="hugin">tel. +358 20 415 0033<br class="hugin"><a class="hugin" href="mailto&#58;ir@upm.com" target="_blank">ir@upm.com</a></p> <p class="hugin"><b class="hugin">UPM, Media Relations</b><br class="hugin">Mon-Fri from 9&#58;00 to 16&#58;00 EET<br class="hugin">tel. +358 40 588 3284<br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="http&#58;//www.twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="http&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="http&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#c72b848f-2cb3-4c62-ac14-e72f6f391f59;L0|#0c72b848f-2cb3-4c62-ac14-e72f6f391f59|Investor news;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
Madison Paper Industries to sell its hydro power facilities in North America to Eagle Creek Renewable Energy2017-04-18T05:30:00Z<p class="hugin">(UPM, Helsinki, 18 April 2017 at 8&#58;30 EET) - Madison Paper Industries, a partnership of UPM and Northern SC Paper Corp., a subsidiary of The New York Times Company, has signed an agreement on the sale of its hydro power facilities to Eagle Creek Renewable Energy, LLC, a hydroelectric power producer, based in Morristown, NJ, USA.</p> <p class="hugin">The transaction is still subject to third party approvals. The parties have agreed not to disclose the purchase price.</p> <p class="hugin">&quot;Eagle Creek is a well-known and experienced operator of hydroelectric power facilities in North America. The company focuses on CO<sub class="hugin" style="vertical-align&#58;baseline;font-size&#58;0.8em;">2</sub>-friendly power production and has a long term focused business strategy in this sector. As an integral part of an energy company the hydro power facilities can be operated and developed in an optimal way,&quot; says <b class="hugin">Ruud van den Berg</b>, Senior Vice President, Magazines, Merchants &amp; Office, UPM Paper ENA.</p> <p class="hugin">&quot;Eagle Creek is very pleased to broaden our footprint in central Maine. The Madison Paper Industries&#160; hydroelectric portfolio represents an excellent opportunity to build out our operations in the region through the acquisition of a well-maintained, high quality set of hydro facilities,&quot; says <b class="hugin">Bud Cherry</b>, CEO of Eagle Creek Renewable Energy.</p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Ruud van den Berg, Senior Vice President, Magazines, Merchants &amp; Office, UPM Paper ENA tel. +49 151 1215 8310<br class="hugin">Bernard H. Cherry, CEO, Eagle Creek Renewable Energy, LLC, tel. +1 973 998 8400</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">About Eagle Creek</b><br class="hugin">Eagle Creek Renewable Energy is an owner, operator and developer of hydroelectric power projects.&#160; Eagle Creek's projects provide clean energy to electricity consumers in North America while providing recreational opportunities and protecting historical resources and the environment. Eagle Creek was founded in 2010 to acquire, enhance, and operate small hydroelectric power facilities. Eagle Creek currently owns and operates a portfolio of approximately 180 MW of hydroelectric facilities across the United States.</p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">About Madison Paper Industries</b><br class="hugin">Madison Paper Industries is a partnership of UPM and Northern SC Paper Corp., a subsidiary of The New York Times Company.</p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">About UPM Paper ENA</b><br class="hugin">UPM Paper ENA (Europe and North America) is the world's leading producer of graphic papers, offering an extensive product range for advertising and publishing as well as home and office uses. The high performing papers and service concepts of UPM add value to our customers' businesses, while actively fulfilling demanding environmental and social responsibility criteria. With headquarters in Germany, UPM Paper ENA employs approximately 8,000 people. More about UPM Paper ENA and its products at <a class="hugin" href="http&#58;//www.upmpaper.com" target="_blank">www.upmpaper.com</a></p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">About UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin" style="border-style&#58;none;">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="http&#58;//upmbiofore.com" target="_blank">upmbiofore.com</a></p> GP0|#c72b848f-2cb3-4c62-ac14-e72f6f391f59;L0|#0c72b848f-2cb3-4c62-ac14-e72f6f391f59|Investor news;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM Raflatac launches two new lightweight face materials for wash-off logistics labeling2017-04-13T07:00:00Z<p class="hugin">(UPM Raflatac, Helsinki, 13 April 2017 at 10&#58;00 EET) - UPM Raflatac has launched two new face materials for the European market for wash-off logistics labeling applications. Thermalite Top+ PEFC and Thermalite Eco+ PEFC are lightweight and, when paired with the RP45 LW adhesive, they adhere permanently to even rough or patterned surfaces for the lifetime of the label then wash off with ease leaving no residue. With the new materials, plastic pallets, crates, and other containers can be labeled effectively and sent back into circulation over and over again - with minimal fuss and maximum efficiency. </p> <p class="hugin">Thermalite Top+ PEFC is a BPA-free direct thermal label face for wash-off applications. It has good image stability and keeps its functionality in both chilled conditions and during hot summer transport. Thermalite Eco+ PEFC is a light thermal label face, also for wash-off applications. It is more resource efficient than standard products as the grammage has been reduced - without compromising performance.</p> <p class="hugin">&quot;These products are lightweight, making them much better for the environment,&quot; says Jouni Iiskola, Segment Manager, Logistics, UPM Raflatac &quot;Less raw materials are used in production, and less transportation means reduced emissions. Thanks to their excellent functionality and high environmental performance, both products are approved by Svenska Retursystem, the Swedish system for circulating crates and pallets for reuse.&quot;</p> <p class="hugin">UPM Raflatac offers specialty labeling solutions for address labels, shipping and mailing labels and related applications. More information can be found on our <a class="hugin" href="http&#58;//www.upmraflatac.com/emea/en/solutions-and-services/labeling-solutions/transport-and-logistics" target="_blank">transportation and logistics labeling solutions page</a>.</p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Jouni Iiskola, Segment Manager, Logistics, UPM Raflatac, Specials, tel. +358&#160;204&#160;168&#160;193</p> <p class="hugin">High resolution image can be found in <a class="hugin" href="http&#58;//pet.upm.com/l/5b76Fz-ZkKbT" target="_blank">UPM Image bank</a>.</p> <p class="hugin"><b class="hugin">UPM Raflatac </b><br class="hugin">UPM Raflatac is one of the world's leading producers of self-adhesive label materials.&#160;We supply high-quality paper and film label stock for consumer product and industrial&#160;labelling through a global network of factories, distribution terminals and sales offices.&#160;We employ around 3,000 people and made sales of EUR 1.4 billion (USD 1.5 billion)&#160;in 2016. UPM Raflatac is part of UPM - The Biofore Company. Find out more at <a class="hugin" href="http&#58;//www.upmraflatac.com" target="_blank">www.upmraflatac.com</a>.</p> <p class="hugin">Follow UPM Raflatac on <a class="hugin" href="https&#58;//twitter.com/upm_raflatac" target="_blank">Twitter</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-raflatac" target="_blank">LinkedIn</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.facebook.com/upmraflatac" target="_blank">Facebook</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.youtube.com/user/upmraflatac" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmraflatac/" target="_blank">Instagram</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a> </p> <p><a href="http&#58;//hugin.info/165629/R/2095515/792810.pdf" target="_blank">UPM-Raflatac-Thermalite-EMEIA-Press-Release-DE</a></p><p><a href="http&#58;//hugin.info/165629/R/2095515/792811.pdf" target="_blank">UPM-Raflatac-Thermalite-EMEIA-Press-Release-ES</a></p><p><a href="http&#58;//hugin.info/165629/R/2095515/792812.pdf" target="_blank">UPM-Raflatac-Thermalite-EMEIA-Press-Release-FR</a></p><p><a href="http&#58;//hugin.info/165629/R/2095515/792813.pdf" target="_blank">UPM-Raflatac-Thermalite-EMEIA-Press-Release-RU</a></p>GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx

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