UPM Q3 2017 Interim Report

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UPM Interim Report Q3 2017

Excellent quarter, further steps in transformation


Q3 2017 highlights

  • Comparable EBIT increased by 12% to EUR 351 million (314 million in Q3 2016). 
  • Good growth in deliveries and strong operational efficiency with no significant maintenance activity.
  • Strong operating cash flow at EUR 486 million (506 million).
  • Net debt decreased to EUR 623 million (1,479 million). 
  • UPM announced a new focused growth project at the UPM Chudovo plywood mill in Russia.
  • UPM announced the next step towards entering a new sustainable biochemicals business.

Q1-Q3 2017 highlights 

  • Comparable EBIT increased by 8% to EUR 926 million (859 million in Q1–Q3 2016). 
  • Solid profit performance continued through a turn in input cost environment. 
  • Growth initiatives contributed to the comparable EBIT growth. 
  • Strong operating cash flow at EUR 1,151 million (1,281 million).
  • UPM announced focused growth investments at the Kaukas pulp mill and the Tampere label stock factory. 
  • UPM announced divestments of hydropower assets in Germany, Austria and the US.

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24.10.2017 at 10:31 EET

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