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 2018

Commercial success drives growth in sales and earnings
– strong outlook for H2 2018

Q2 2018 highlights

  • Sales grew by 5% to EUR 2,589 million (2,464 million in Q2 2017).
  • Comparable EBIT increased by 24% to EUR 334 million (270 million).
  • Sales prices increased in all business areas, outweighing the impact of higher input costs and unfavourable currency exchange rates.
  • Q2 operating profit was held back by several significant scheduled maintenance shutdowns – total impact was EUR -90 million.
  • Operating cash flow was EUR 329 million (269 million).
  • UPM completed the UPM Kaukas pulp mill expansion.

H1 2018 highlights

  • Comparable EBIT increased by 20% to EUR 689 million (575 million in H1 2017).
  • Sales prices increased in all business areas, outweighing the impact of higher input costs and unfavourable currency exchange rates.
  • Delivery volumes were held back by several significant maintenance shutdowns in Q2 and weather-related wood harvesting limitations in Q1.
  • UPM paid a dividend of EUR 613 million.
  • Net debt decreased to EUR 401 million (1,046 million).
  • UPM announced focused investments in Germany, Finland and China to grow in the attractive release liner segments.

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24.09.2018 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