UPM Results 2016

UPM Financial Statements release for the year 2016 was published on 31 January.
UPM's President and CEO Jussi Pesonen presented the results in a webcast and a conference call for analysts and investors.
Please find a recording of the webcast below.

Webcast

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 Financial Statements Release 2016

UPM finishes a record-strong year with a good quarter​​​

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Q4 2016 Highlights

  • Comparable EBIT increased by 15% to EUR 283 million (247 million). 
  • High maintenance activity resulted in temporarily higher fixed costs and lower operational efficiency. 
  • Growth projects contributed significantly to earnings. 
  • Strong operating cash flow at EUR 405 million (390 million). 
  • The Otepää plywood mill expansion and UPM Kaukas pulp mill investment started production. 
  • In October, UPM announced a new self-adhesive label stock investment in Poland to meet the growing demand in Europe. 
  • In November, UPM announced plans to close 305,000 tonnes of SC paper capacity in Germany and Austria.

2016 Highlights

  • Comparable EBIT increased by 25% to EUR 1,143 million (916 million). 
  • Growth projects contributed significantly to earnings and cost efficiency measures continued on a strong track. 
  • Operating cash flow reached a record high of EUR 1,686 million (1,185 million). 
  • Net debt decreased to a record low of EUR 1,131 million (2,100 million). 
  • UPM closed the Madison Paper Industries in the US in May and 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. 
  • The Board proposes a dividend of EUR 0.95 (0.75) per share, representing 30% of operating cash flow per share

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24.02.2017 at 18:29 EET

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UPM Capital Markets Day 2016

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