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.

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UPM Interim Report Q2 2015

Interim Report Q2 2015: UPM’s good progress continued in Q2, with higher profits year-on-year


Q2 2015 compared with Q2 2014

Earnings per share excluding special items were EUR 0.33 (0.26), and reported EUR 0.30 (0.25). Operating profit excluding special items increased to EUR 227 million, 8.9% of sales (186 million, 7.6% of sales). Profitability was underpinned by profit improvement actions and favourable exchange rates. In Q2 2015, the profit improvement programme progressed well, reaching a cost reduction impact of EUR 27 million (annualised EUR 108 million). Operating cash flow was strong at EUR 324 million (215 million).

Q1-Q2 2015 compared with Q1-Q2 2014

Earnings per share excluding special items were EUR 0.62 (0.53), and reported EUR 0.59 (0.61). Operating profit excluding special items increased to EUR 431 million, 8.6% of sales (382 million, 7.8% of sales). UPM started commercial deliveries of advanced renewable diesel and completed the UPM Raflatac expansions in Poland and APAC. UPM invests in the top-performing plywood and pulp businesses by expanding the Otepää plywood mill in Estonia and improving efficiency in the UPM Kaukas pulp mill. UPM closed 800,000 tonnes of graphic paper production capacity in Europe.

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


UPM increases the IFRS fair value of its forests in Finland – Q3 2015 business performance in line with the company’s outlook

UPM increases the fair value of its biological assets (growing trees) in Finland, due to adjusted long-term wood price estimates and change in the discount rate. The impact of these changes on the fair value of biological assets is EUR 265 million ...

UPMs financial reporting and Annual General Meeting in 2016

In 2016, UPM will publish the following financial reports: Financial Statements Release for the year 2015 will be published on 2 February 2016 at 09:30-10:00 EET. Interim Report for January–March (Q1) will be published on 26 April 2016 at 09:30-10:00 EET…

UPM sells Tilhill Forestry Limited to the BSW Timber Group

UPM has concluded the sale of 100% of its shares of Tilhill Forestry Ltd to BSW Timber Ltd in the United Kingdom. The transaction does not have an effect on the employment contracts of the employees of Tilhill Forestry...

UPM’s Kim Poulsen to transfer to Kemira

Kim Poulsen, Executive Vice President for UPM Paper Asia and member of UPM’s Group Executive Team, will leave UPM in order to join the Finnish Kemira Oyj, as of November 1, 2015. ”Kim’s contribution in UPM Plywood and…
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