UPM is committed to continuous improvement in its financial, social and environmental performance. At the business area level, UPM aims for top performance in its respective markets compared with peers.
UPM invests to expand its businesses with strong long-term fundamentals for growth and profitability. The company has clear long-term return targets for its businesses. Earnings growth is prioritised over top-line growth.
Increasing the share of attractive growth businesses improves the company’s long-term profitability and boosts the value of the shares.
UPM’s expertise in renewable and recyclable materials, low-emission energy and resource efficiency is the key to developing new, sustainable businesses with high added value and unique competitive advantage.
Responsibility is good business: Good governance, industry-leading environmental performance, responsible sourcing and a safe working environment are important sources of competitive advantage.
Strong cash flow enables focused growth investments, focused M&A, new business development
as well as attractive dividends to UPM shareholders.
An industry-leading balance sheet mitigates risks and enables UPM to accelerate its business
portfolio transformation, when the opportunity
and timing are right.
Attractive dividend UPM aims to pay an attractive dividend, 30-40% of the company’s annual operating
cash flow per share. The Board proposes a dividend of EUR 0.95 per share, representing 30% of operating cash flow per share.