UPM story

UPM story describes our strategy and transformation process, how we at UPM ensure growth and sustainable value creation.

The story outlines our short and medium term strategic actions and the value our businesses create throughout the value chain. Responsibility is an integral part of our daily work at UPM and we see it also as good business. UPM story rounds-off with financial targets and UPM’s value proposition to investors.

UPM Half Year Financial Report 2017

UPM’s good performance and favourable market demand continued

Q2 2017 Highlights

  • Comparable EBIT increased by 2% to EUR 270 million (264 million in Q2 2016).
  • Favourable market demand continued.
  • High maintenance activity and seasonally higher fixed costs impacted comparable EBIT by approximately EUR –20 million compared with Q2 2016, EUR –45 million compared with Q1 2017.
  • Solid operating cash flow at EUR 269 million (434 million). 
  • Net debt decreased to EUR 1,046 million (1,876 million). 
  • UPM announced new focused investments at the Kaukas pulp mill and Tampere labelstock factory.

H1 2017 Highlights 

  • Comparable EBIT increased by 5% to EUR 575 million (545 million in H1 2016). 
  • Five business areas increased their comparable EBIT. 
  • Growth initiatives contributed to the comparable EBIT growth. 
  • Successful mitigation of raw material cost pressures. 
  • Strong operating cash flow at EUR 665 million (775 million). 
  • UPM announced divestments of hydropower assets in Germany, Austria and the US.

Quick Quote

Last price:

23.88 EUR


 -0.10  (-0.42%)







16.10.2017 at 18:29 EET

Reports and Presentations

Here you will find UPM’s financial reports and presentations, as well as selected presentations as webcasts

Results centre

Here you will find a summary of UPM’s latest results and a wide selection of UPM's financial figures

Upcoming events

Check out our past and upcoming events

​Stock exchange releases and investor news

Investor Relations: +358 (0)204 15 0033, ir@upm.com
Media Relations: +358 (0)40 588 3284, media@upm.com