Investors

 
UPM's EBITDA and operating cash flow improve in 2011 

Q4-2011

Earnings per share excluding special items were EUR 0.16 (0.27), and reported EUR 0.20 (0.28). EBITDA was EUR 301 million, 11.2% of sales (318 million, 13.5% of sales). Delivery volumes decreased and variable costs remained high. Operating cash flow continued to be strong at EUR 310 million.

Q1-Q4/2011 

Earnings per share excluding special items were EUR 0.93 (0.99), and reported EUR 0.88 (1.08). EBITDA was EUR 1,383 million, 13.7% of sales (1,343 million, 15.0% of sales). Solid cash flow ensured strong balance sheet after the Myllykoski acquisition. Board’s proposal for dividend per share EUR 0.60 (0.55). Read more>>