UPM Half Year 2017 Financial Report was published July 25

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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.

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18.08.2017 at 18:29 EET

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