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 Interim Report Q3 2016

Performance improvement continued into second half of 2016 – excellent, seasonally strong Q3​​


Q3 2016 Highlights

  • Comparable EBIT increased by 31% to EUR 314 million (240 million).
  • Growth projects contributed significantly to earnings, driving delivery growth in UPM Biorefining, UPM Raflatac and UPM ​​Specialty Papers. 
  • UPM Paper ENA results were seasonally strong, with high operational efficiency and exceptionally low fixed costs.
  • Cost-efficiency measures continued on a strong track. 
  • Record strong operating cash flow at EUR 506 million (363 million).​​

Q1-Q3 2016 Highlights

  • Comparable EBIT increased by 28% to EUR 859 million (669 million). 
  • Operating cash flow increased to EUR 1,281 million (795 ​million). 
  • Net debt decreased to EUR 1,479 million (2,465 million) and gearing to 19% (31%). 
  • UPM sold the Schwedt newsprint mill in Germany in July. 
  • In July, UPM announced expansion of the UPM Kymi pulp mill capacity to 870,000 tonnes.
  • In October, UPM announced a new self-adhesive label stock investment in Poland to meet the growing demand in Europe.​  ​​

Quick Quote

Last price:

24.08 EUR


 +0.15  (0.63%)







20.01.2017 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

UPM Capital Markets Day 2016

UPM arranged a Capital Markets Day for investors and analysts in London on Thursday, 1 September.

​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