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UPM-Kymmene Corporation: Managers' Transactions (Vappula)2018-02-19T14:30:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Managers' Transactions&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 19 February 2018 at 16&#58;30 EET</p> <p class="hugin"><b class="hugin">UPM-Kymmene Corporation&#58; Managers' Transactions (Vappula)</b></p> <p class="hugin">UPM-Kymmene Corporation has on 19 February 2018 received the following notification&#58;</p> <p class="hugin">Person subject to the notification requirement<br class="hugin">Name&#58; Vappula, Heikki<br class="hugin">Position&#58;&#160; Other senior manager<br class="hugin">Issuer&#58; UPM-Kymmene Corporation<br class="hugin">LEI&#58; 213800EC6PW5VU4J9U64</p> <p class="hugin">Notification type&#58; INITIAL NOTIFICATION<br class="hugin">____________________________________________</p> <p class="hugin">Transaction date&#58; 2018-02-19<br class="hugin">Venue is not applicable<br class="hugin">Instrument type&#58; SHARE<br class="hugin">ISIN&#58; FI0009005987<br class="hugin">Nature of the transaction&#58; RECEIPT OF A SHARE-BASED INCENTIVE</p> <p class="hugin">Transaction details<br class="hugin">(1)&#58;&#160; Volume&#58; 16,332 Unit price&#58; 0.00 EUR</p> <p class="hugin">Aggregated transactions<br class="hugin">(1)&#58;&#160; Volume&#58; 16,332 Volume weighted average price&#58; 0.00 EUR</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumer demand. Products are made of renewable and recyclable materials. The group employs around 19,100 people worldwide and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPMGlobal" target="_blank">Twitter</a> | <a class="hugin" href="http&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="http&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM-Kymmene Corporation: Managers' Transactions (Sillanpää)2018-02-19T14:30:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Managers' Transactions&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 19 February 2018 at 16&#58;30 EET</p> <p class="hugin"><b class="hugin">UPM-Kymmene Corporation&#58; Managers' Transactions (Sillanpää)</b></p> <p class="hugin">UPM-Kymmene Corporation has on 19 February 2018 received the following notification&#58;</p> <p class="hugin">Person subject to the notification requirement<br class="hugin">Name&#58; Sillanpää, Mika<br class="hugin">Position&#58; Other senior manager<br class="hugin">Issuer&#58; UPM-Kymmene Corporation<br class="hugin">LEI&#58; 213800EC6PW5VU4J9U64</p> <p class="hugin">Notification type&#58; INITIAL NOTIFICATION<br class="hugin">____________________________________________</p> <p class="hugin">Transaction date&#58; 2018-02-19<br class="hugin">Venue is not applicable<br class="hugin">Instrument type&#58; SHARE<br class="hugin">ISIN&#58; FI0009005987<br class="hugin">Nature of the transaction&#58; RECEIPT OF A SHARE-BASED INCENTIVE</p> <p class="hugin">Transaction details<br class="hugin">(1)&#58;&#160; Volume&#58; 12,703 Unit price&#58; 0.00 EUR</p> <p class="hugin">Aggregated transactions<br class="hugin">(1)&#58;&#160; Volume&#58; 12,703 Volume weighted average price&#58; 0.00 EUR</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumer demand. Products are made of renewable and recyclable materials. The group employs around 19,100 people worldwide and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPMGlobal" target="_blank">Twitter</a> | <a class="hugin" href="http&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="http&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM-Kymmene Corporation: Managers' Transactions (Schaur)2018-02-19T14:30:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Managers' Transactions&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 19 February 2018 at 16&#58;30 EET</p> <p class="hugin"><b class="hugin">UPM-Kymmene Corporation&#58; Managers' Transactions (Schaur)</b></p> <p class="hugin">UPM-Kymmene Corporation has on 19 February 2018 received the following notification&#58;</p> <p class="hugin">Person subject to the notification requirement<br class="hugin">Name&#58; Schaur, Winfried<br class="hugin">Position&#58; Other senior manager<br class="hugin">Issuer&#58; UPM-Kymmene Corporation<br class="hugin">LEI&#58; 213800EC6PW5VU4J9U64</p> <p class="hugin">Notification type&#58; INITIAL NOTIFICATION<br class="hugin">____________________________________________</p> <p class="hugin">Transaction date&#58; 2018-02-16<br class="hugin">Venue is not applicable<br class="hugin">Instrument type&#58; SHARE<br class="hugin">ISIN&#58; FI0009005987<br class="hugin">Nature of the transaction&#58; RECEIPT OF A SHARE-BASED INCENTIVE</p> <p class="hugin">Transaction details<br class="hugin">(1)&#58;&#160; Volume&#58; 12,274 Unit price&#58; 0.00 EUR</p> <p class="hugin">Aggregated transactions<br class="hugin">(1)&#58;&#160; Volume&#58; 12,274 Volume weighted average price&#58; 0.00 EUR</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumer demand. Products are made of renewable and recyclable materials. The group employs around 19,100 people worldwide and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPMGlobal" target="_blank">Twitter</a> | <a class="hugin" href="http&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="http&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM-Kymmene Corporation: Managers' Transactions (Pesonen)2018-02-19T14:30:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Managers' Transactions&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 19 February 2018 at 16&#58;30 EET</p> <p class="hugin"><b class="hugin">UPM-Kymmene Corporation&#58; Managers' Transactions (Pesonen)</b></p> <p class="hugin">UPM-Kymmene Corporation has on 19 February 2018 received the following notification&#58;</p> <p class="hugin">Person subject to the notification requirement<br class="hugin">Name&#58; Pesonen, Jussi<br class="hugin">Position&#58; Chief Executive Officer<br class="hugin">Issuer&#58; UPM-Kymmene Corporation<br class="hugin">LEI&#58; 213800EC6PW5VU4J9U64</p> <p class="hugin">Notification type&#58; INITIAL NOTIFICATION<br class="hugin">____________________________________________</p> <p class="hugin">Transaction date&#58; 2018-02-19<br class="hugin">Venue is not applicable <br class="hugin">Instrument type&#58; SHARE<br class="hugin">ISIN&#58; FI0009005987<br class="hugin">Nature of the transaction&#58; RECEIPT OF A SHARE-BASED INCENTIVE</p> <p class="hugin">Transaction details<br class="hugin">(1)&#58;&#160; Volume&#58; 45,368 Unit price&#58; 0.00 EUR</p> <p class="hugin">Aggregated transactions<br class="hugin">(1)&#58;&#160; Volume&#58; 45,368 Volume weighted average price&#58; 0.00 EUR</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumer demand. Products are made of renewable and recyclable materials. The group employs around 19,100 people worldwide and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPMGlobal" target="_blank">Twitter</a> | <a class="hugin" href="http&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="http&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM-Kymmene Corporation: Managers' Transactions (Korpeinen)2018-02-19T14:30:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Managers' Transactions&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 19 February 2018 at 16&#58;30 EET</p> <p class="hugin"><b class="hugin">UPM-Kymmene Corporation&#58; Managers' Transactions (Korpeinen)</b></p> <p class="hugin">UPM-Kymmene Corporation has on 19 February 2018 received the following notification&#58;</p> <p class="hugin">Person subject to the notification requirement<br class="hugin">Name&#58; Korpeinen, Tapio<br class="hugin">Position&#58; Chief Financial Officer<br class="hugin">Issuer&#58; UPM-Kymmene Corporation<br class="hugin">LEI&#58; 213800EC6PW5VU4J9U64</p> <p class="hugin">Notification type&#58; INITIAL NOTIFICATION<br class="hugin">____________________________________________</p> <p class="hugin">Transaction date&#58; 2018-02-19<br class="hugin">Venue is not applicable<br class="hugin">Instrument type&#58; SHARE<br class="hugin">ISIN&#58; FI0009005987<br class="hugin">Nature of the transaction&#58; RECEIPT OF A SHARE-BASED INCENTIVE</p> <p class="hugin">Transaction details<br class="hugin">(1)&#58;&#160; Volume&#58; 19,961 Unit price&#58; 0.00 EUR</p> <p class="hugin">Aggregated transactions<br class="hugin">(1)&#58;&#160; Volume&#58; 19,961 Volume weighted average price&#58; 0.00 EUR</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumer demand. Products are made of renewable and recyclable materials. The group employs around 19,100 people worldwide and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPMGlobal" target="_blank">Twitter</a> | <a class="hugin" href="http&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="http&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM-Kymmene Corporation: Managers' Transactions (Jääskeläinen)2018-02-19T14:30:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Managers' Transactions&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 19 February 2018 at 16&#58;30 EET</p> <p class="hugin"><b class="hugin">UPM-Kymmene Corporation&#58; Managers' Transactions (Jääskeläinen)</b></p> <p class="hugin">UPM-Kymmene Corporation has on 19 February 2018 received the following notification&#58;</p> <p class="hugin">Person subject to the notification requirement<br class="hugin">Name&#58; Jääskeläinen, Antti<br class="hugin">Position&#58; Other senior manager<br class="hugin">Issuer&#58; UPM-Kymmene Corporation<br class="hugin">LEI&#58; 213800EC6PW5VU4J9U64</p> <p class="hugin">Notification type&#58; INITIAL NOTIFICATION<br class="hugin">____________________________________________</p> <p class="hugin">Transaction date&#58; 2018-02-19<br class="hugin">Venue is not applicable<br class="hugin">Instrument type&#58; SHARE<br class="hugin">ISIN&#58; FI0009005987<br class="hugin">Nature of the transaction&#58; RECEIPT OF A SHARE-BASED INCENTIVE</p> <p class="hugin">Transaction details<br class="hugin">(1)&#58;&#160; Volume&#58; 7,258 Unit price&#58; 0.00 EUR</p> <p class="hugin">Aggregated transactions<br class="hugin">(1)&#58;&#160; Volume&#58; 7,258 Volume weighted average price&#58; 0.00 EUR</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumer demand. Products are made of renewable and recyclable materials. The group employs around 19,100 people worldwide and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPMGlobal" target="_blank">Twitter</a> | <a class="hugin" href="http&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="http&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM-Kymmene Corporation: Managers' Transactions (Eikens)2018-02-19T14:30:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Managers' Transactions&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 19 February 2018 at 16&#58;30 EET</p> <p class="hugin"><b class="hugin">UPM-Kymmene Corporation&#58; Managers' Transactions (Eikens)</b></p> <p class="hugin">UPM-Kymmene Corporation has on 19 February 2018 received the following notification&#58;</p> <p class="hugin">Person subject to the notification requirement<br class="hugin">Name&#58; Eikens, Bernd<br class="hugin">Position&#58; Other senior manager<br class="hugin">Issuer&#58; UPM-Kymmene Corporation<br class="hugin">LEI&#58; 213800EC6PW5VU4J9U64</p> <p class="hugin">Notification type&#58; INITIAL NOTIFICATION<br class="hugin">____________________________________________</p> <p class="hugin">Transaction date&#58; 2018-02-19<br class="hugin">Venue is not applicable<br class="hugin">Instrument type&#58; SHARE<br class="hugin">ISIN&#58; FI0009005987<br class="hugin">Nature of the transaction&#58; RECEIPT OF A SHARE-BASED INCENTIVE</p> <p class="hugin">Transaction details<br class="hugin">(1)&#58;&#160; Volume&#58; 18,412 Unit price&#58; 0.00 EUR</p> <p class="hugin">Aggregated transactions<br class="hugin">(1)&#58;&#160; Volume&#58; 18,412 Volume weighted average price&#58; 0.00 EUR</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumer demand. Products are made of renewable and recyclable materials. The group employs around 19,100 people worldwide and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPMGlobal" target="_blank">Twitter</a> | <a class="hugin" href="http&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="http&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM Raflatac expands Lite range of ecodesigned labeling solutions with new PP Silver Lite film2018-02-15T11:00:00Z<p class="hugin">(UPM Raflatac, Helsinki, 15 February 2018 at 13&#58;00 EET) - UPM Raflatac has expanded its PP Lite range of labeling solutions for the European market with the introduction of a new clear film, <b class="hugin">PP Silver Lite</b>. The face materials, adhesives, and backing used in the PP Lite range offer brands new ways to achieve their sustainability objectives.</p> <p class="hugin">PP Lite label materials offer brand owners the opportunity to differentiate themselves from the competition by becoming a leader in sustainable product labeling while boosting productivity across the value chain at the same time. By combining a lighter face material, a lower coat-weight adhesive, and a lighter backing, products in the PP Lite range optimize raw material use and reduce&#160;greenhouse gas emissions, energy and water consumption, and waste.</p> <p class="hugin">In line with the PP Lite concept, PP Silver Lite is a multi-purpose label material suitable for labeling rigid containers with smooth surfaces in beverage and home and personal care applications. </p> <p class="hugin">&quot;Our Label Life demonstrates that by replacing conventional PP label materials with our PP Lite solutions, brand owners can optimize raw material use and make sustainability gains through a lower environmental footprint,&quot; explains <b class="hugin">Jan Hasselblatt,</b> Director, Global Business Development, UPM Raflatac. &quot;With the addition of PP Silver Lite, the range allows brands to take their packaging designs one step further while improving productivity and demonstrating their commitment to sustainable packaging.&quot; </p> <p class="hugin"><a class="hugin" href="https&#58;//upm.emmi.fi/l/cGG9MmSJhPGW" target="_blank">Click here to download photo of the new PP Silver Lite film»</a></p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Päivi Knihti, Segment Manager, Films, EMEIA, UPM Raflatac, tel. +358 2041 68 395 </p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9.00-16.00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM Raflatac </b><br class="hugin">UPM Raflatac is labeling a smarter future by developing innovative and sustainable labeling solutions complemented with world-class service. As one of the world's leading producers of self-adhesive label materials, we supply high-quality paper and film label stock for consumer product and industrial labeling through a global network of factories, distribution terminals and sales offices. We employ around 3,000 people and made sales of EUR 1.5 billion (USD 1.9 billion) in 2017. UPM Raflatac is part of UPM - The Biofore Company. Find out more at <a class="hugin" href="http&#58;//www.upmraflatac.com" target="_blank">www.upmraflatac.com</a>.</p> <p class="hugin">Follow UPM Raflatac on <a class="hugin" href="https&#58;//twitter.com/upm_raflatac" target="_blank">Twitter</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-raflatac" target="_blank">LinkedIn</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.facebook.com/upmraflatac" target="_blank">Facebook</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.youtube.com/user/upmraflatac" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmraflatac/" target="_blank">Instagram</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumption. Products are made of renewable and recyclable materials. The group employs around 19,300 people worldwide and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPMGlobal" target="_blank">Twitter</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a> </p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
The plans 2018-2020 within UPM share incentive programmes2018-02-15T07:00:00Z<p class="hugin">UPM-Kymmene Corporation&#160; &#160;&#160;&#160;&#160;Other information disclosed according to the rules of the Exchange&#160;&#160; &#160;&#160;&#160;&#160;15 February 2018 at 09&#58;00 EET </p> <p class="hugin"><b class="hugin">The plans 2018-2020 within UPM share incentive programmes </b></p> <p class="hugin">UPM's Board of Directors has approved the commencement of new plans for the period 2018-2020 within the company's two long-term share incentive programmes&#58; the Performance Share Plan and the Deferred Bonus Plan. </p> <p class="hugin">The long-term share incentive programmes consist of annually commencing new plans subject to the approval of the Board of Directors of UPM in each case. </p> <p class="hugin">The earning criterion for the earning period 2018-2020 of the Performance Share Plan is the total shareholder return during 2018-2020. </p> <p class="hugin">The earning criteria for the Deferred Bonus Plan are based on the Group and each business area's EBITDA. The plan for the period 2018-2020 consists of a one-year earning period (2018) and a two-year restriction period following thereafter (2019-2020). </p> <p class="hugin">The share incentive plans for the period 2018-2020 cover in total approximately 400 participants. In case all the set performance targets are met in full, the estimated total maximum number of shares to be delivered under these plans is approximately 1,100,000 shares. The above indicated estimate of the maximum share rewards represents the gross value of the rewards of which the applicable taxes will be deducted before the shares are delivered to the participants. </p> <p class="hugin">Share delivery will be executed by using already existing shares and the plans, therefore, have no dilutive effect. Besides the attainment of the performance criteria the share reward under both plans is subject to the continuation of the employment. The share rewards earned on the basis of the plans for the period 2018-2020 will be delivered in 2021. </p> <p class="hugin"><b class="hugin">For further information, please contact&#58; </b><br class="hugin">Riitta Savonlahti, Executive Vice President, Human Resources, tel. +358 204 15 0048</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumer demand. Products are made of renewable and recyclable materials. The group employs around 19,100 people worldwide and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin"><u class="hugin">Follow UPM on </u><a class="hugin" href="https&#58;//twitter.com/UPMGlobal" target="_blank">Twitter</a> | <a class="hugin" href="http&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="http&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM Raflatac launches new white plant-based PE film for home and personal care applications2018-02-12T09:00:00Z<p class="hugin">(UPM Raflatac, Helsinki, 12 February 2018 at 11&#58;00 EET) - UPM Raflatac is extending its range of film face materials for the European market with a new white plant-based material that provides a sustainable alternative to fossil-based films for a wide variety of end uses. RafBio PE White performs just&#160;like standard PE film, and its excellent flexibility makes it ideal for the squeezable bottles and contoured containers that are widely used in home and personal care applications.</p> <p class="hugin">Part of the RafBio family of bio-based labeling solutions, RafBio PE White and Clear are the ideal choices for customers who are looking for a sustainable film face materials that will reduce greenhouse gas emissions during their life cycle, compared to conventional PE, while still keeping products looking their very best. Made from sugarcane ethanol, the films contain more than 80% renewable plant-based raw material and are recyclable within the same recycling streams as fossil-based PE.</p> <p class="hugin">RafBio PE films are combined with our RP37 adhesive for multi-purpose labeling applications. Furthermore, UPM Raflatac's RafCycle(TM) program offers significant benefits to label printers and end users by turning waste into valuable resources.</p> <p class="hugin">&quot;A bio-future is the logical solution for a circular society and we need more radical innovation to get there. At UPM Raflatac, we are taking steps to develop products that are thinner and lighter, recyclable and biobased. RafBio PE White is the logical choice for printers that want to go beyond eco-box-ticking. It's a game changing packaging solution that helps make the circular economy a reality for leading brand owners,&quot; says <b class="hugin">Robert Taylor</b>, Director, Sustainability, UPM Raflatac. </p> <p class="hugin"><a class="hugin" href="https&#58;//upm.emmi.fi/l/_hm92jDn7npD" target="_blank">Click here to download photo of the new RafBio PE White »</a> </p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Päivi Knihti, Segment Manager, Films, EMEIA, UPM Raflatac, tel. +358 2041 68&#160;395 </p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9.00-16.00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM Raflatac </b><br class="hugin">UPM Raflatac is labeling a smarter future by developing innovative and sustainable labeling solutions complemented with world-class service. As one of the world's leading producers of self-adhesive label materials, we supply high-quality paper and film label stock for consumer product and industrial labeling through a global network of factories, distribution terminals and sales offices. We employ around 3,000 people and made sales of EUR 1.4 billion (USD 1.5 billion) in 2016. UPM Raflatac is part of UPM - The Biofore Company. Find out more at <a class="hugin" href="http&#58;//www.upmraflatac.com" target="_blank">www.upmraflatac.com</a>.</p> <p class="hugin">Follow UPM Raflatac on <a class="hugin" href="https&#58;//twitter.com/upm_raflatac" target="_blank">Twitter</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-raflatac" target="_blank">LinkedIn</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.facebook.com/upmraflatac" target="_blank">Facebook</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.youtube.com/user/upmraflatac" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmraflatac/" target="_blank">Instagram</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumption. Products are made of renewable and recyclable materials. The group employs around 19,300 people worldwide and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPMGlobal" target="_blank">Twitter</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a> </p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM Raflatac introduces new high performing adhesive for chilled food labeling2018-02-08T09:00:00Z<p class="hugin">(UPM Raflatac, Helsinki, 8 February 2018 at 11&#58;00 EET) - UPM Raflatac has expanded its range of adhesives for food labeling with the launch of its <b class="hugin">RP48 AT</b> (All-Temperature) acrylic adhesive for the European market. With good adhesion across a wide temperature range as well as good clarity, water resistance, and smooth convertibility, RP48 AT is an attractive alternative to hotmelt adhesives for labeling food packages stored in moist and chilled conditions. &#160;</p> <p class="hugin">Food packaging that will be labeled and stored in chilled or moist conditions, usually at 10°C or colder, often presents challenges for brand owners and packers. Hotmelt adhesives are typically used to label foods stored in these conditions, but can suffer from limited clarity and convertibility. RP48 AT performs well at a wide variety of temperatures, and excels at chilled conditions in particular, ensuring labels on food packaging remain firmly in place and retain their shelf appeal. Furthermore, it offers good clarity when used with clear film faces and improves the stability and efficiency of the converting and dispensing processes. RP48 AT can be paired with UPM Raflatac's PP White FTC 60 or PP Clear FTC 50 film face materials.</p> <p class="hugin">&quot;For food labeling applications, RP48 AT combines the best properties of hotmelt and acrylic adhesives,&quot; says <b class="hugin">Päivi Knihti</b>, Segment Manager, Films, EMEIA, UPM Raflatac. &quot;The adhesive performs extremely well in moist and chilled conditions, while also offering good performance in converting and dispensing, as well as high clarity for clear film faces,&quot; Knihti continues.</p> <p class="hugin">Photo can be downloaded at the&#160;<a class="hugin" href="https&#58;//upm.emmi.fi/l/6SvDQQvSxtFp" target="_blank">UPM Photo Library »</a> </p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Päivi Knihti, Segment Manager, Films, EMEIA, UPM Raflatac, tel. +358 2041 68&#160;395</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9.00-16.00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM Raflatac </b><br class="hugin">UPM Raflatac is labeling a smarter future by developing innovative and sustainable labeling solutions complemented with world-class service. As one of the world's leading producers of self-adhesive label materials, we supply high-quality paper and film label stock for consumer product and industrial labeling through a global network of factories, distribution terminals and sales offices. We employ around 3,000 people and made sales of EUR 1.4 billion (USD 1.5 billion) in 2016. UPM Raflatac is part of UPM - The Biofore Company. Find out more at <a class="hugin" href="http&#58;//www.upmraflatac.com" target="_blank">www.upmraflatac.com</a>.</p> <p class="hugin">Follow UPM Raflatac on <a class="hugin" href="https&#58;//twitter.com/upm_raflatac" target="_blank">Twitter</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-raflatac" target="_blank">LinkedIn</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.facebook.com/upmraflatac" target="_blank">Facebook</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.youtube.com/user/upmraflatac" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmraflatac/" target="_blank">Instagram</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumption. Products are made of renewable and recyclable materials. The group employs around 19,300 people worldwide and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPMGlobal" target="_blank">Twitter</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a> </p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM studies opportunities for developing its biofuels business by starting an environmental impact assessment in Kotka, Finland2018-02-05T12:00:00Z<p class="hugin">(UPM, Helsinki, 5 February 2018 at 14&#58;00 EET) - UPM is studying biofuels development opportunities by starting an environmental impact assessment (EIA) for a possible biorefinery in Mussalo, Kotka, in south-eastern Finland. The study of a possible Kotka Biorefinery is in the very early stages and the EIA process normally takes approximately one year.</p> <p class="hugin">EU and national policies on biofuels will also play an important role in the final assessment of the possible investment. </p> <p class="hugin">The EIA study states that the proposed second UPM biorefinery would use a different raw material base and technology than in the current UPM Lappeenranta Biorefinery. The Kotka Biorefinery would produce approximately 500,000 tonnes of advanced biofuels for transportation, made from several renewable and sustainable feedstocks. &#160;</p> <p class="hugin">&quot;We are looking into the use of several new feedstocks that fulfil sustainability criteria, such as wood residues and other sustainable wastes and residues. In addition to this in Uruguay we are testing a winter cropping concept with Brassica carinata for biofuels' raw material. Oil from turnip rape-related carinata would be one of the possible raw materials for the Kotka Biorefinery,&quot; says <b class="hugin">Petri Kukkonen</b>, Vice President of UPM Biofuels Development. </p> <p class="hugin">The environmental impact assessment started by UPM in February is a legal preventive environmental policy procedure. EIA studies the execution of alternatives, environmental impacts and the possibility of minimising harmful impacts - as well as the opinions of various stakeholders on all these areas.</p> <p class="hugin"><img alt="" class="hugin" height="353" id="Picture 1" src="https&#58;//hugin.info/165629/I/2166021/125736.jpg" width="627" /></p> <p class="hugin"><i class="hugin">UPM has started an environmental impact assessment of a possible biorefinery for Mussalo, Kotka, in Finland. </i><i class="hugin">The proposed site is in the area of a dismantled power plant formerly run by the Pohjolan Voima energy company.</i></p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Petri Kukkonen, Vice President, UPM Biofuels Development, tel. +358 40 592 7440, e-mail&#58; <a class="hugin" href="mailto&#58;petri.kukkonen@upm.com" target="_blank">petri.kukkonen@upm.com</a></p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9.00-16.00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM Biofuels</b><br class="hugin">UPM plans to become a major player in high quality, advanced biofuels for transport. Biofuels are an essential part of the Biofore strategy. The innovative wood-based biofuels developed by the company and the production technologies used by UPM are part of a sustainable future. UPM's biofuels are frontrunners in quality, usability and sustainability. They will significantly decrease greenhouse gas and tailpipe emissions compared to fossil fuels. <a class="hugin" href="http&#58;//www.upmbiofuels.com" target="_blank">www.upmbiofuels.com</a></p> <p class="hugin">Follow UPM Biofuels on <a class="hugin" href="https&#58;//twitter.com/UPM_Biofuels" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPM-Biopolttoaineet-328642547332048/" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/playlist?list=PLJwXrjw5FtwHDcos7UjxvktVuYXNfMkWo" target="_blank">YouTube</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to growing global consumer demand. Products are made of renewable and recyclable materials. The group employs around 19,100 people worldwide and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPMGlobal" target="_blank">Twitter</a> | <a class="hugin" href="http&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="http&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM-Kymmene Corporation: Managers' Transactions (Wahlroos)2018-02-01T12:15:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Managers' Transactions&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1 February 2018 at 14&#58;15 EET</p> <p class="hugin"><b class="hugin">UPM-Kymmene Corporation&#58; Managers' Transactions (Wahlroos)</b></p> <p class="hugin">UPM-Kymmene Corporation has on 1 February 2018 received the following notification&#58;</p> <p class="hugin">Person subject to the notification requirement<br class="hugin">Name&#58; Wahlroos, Björn<br class="hugin">Position&#58; Chairman of the Board<br class="hugin">Issuer&#58; UPM-Kymmene Corporation<br class="hugin">LEI&#58; 213800EC6PW5VU4J9U64</p> <p class="hugin">Notification type&#58; INITIAL NOTIFICATION<br class="hugin">____________________________________________</p> <p class="hugin">Transaction date&#58; 2018-01-30<br class="hugin">Venue not applicable<br class="hugin">Instrument type&#58; DEBT INSTRUMENT<br class="hugin">ISIN&#58; USX9518SAU25<br class="hugin">Nature of the transaction&#58; EXPIRATION OF PRODUCT<br class="hugin">(X) Made under life insurance policy</p> <p class="hugin">Transaction details<br class="hugin">(1)&#58; Volume&#58; 4,000,000 Unit price&#58; 100 PCT</p> <p class="hugin">Aggregated transactions<br class="hugin">(1)&#58; Volume&#58; 4,000,000 Volume weighted average price&#58; 100 PCT</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumer demand. Products are made of renewable and recyclable materials. The group employs around 19,100 people worldwide and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPMGlobal" target="_blank">Twitter</a> | <a class="hugin" href="http&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="http&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM receives RobecoSAM's Industry Mover distinction2018-02-01T11:30:00Z<p class="hugin">(UPM, Helsinki, 1 February 2018 at 13&#58;30 EET) -&#160; UPM has been listed in the RobecoSAM's Sustainability Yearbook 2018 with the Gold Class and Industry Mover distinctions. The company that has achieved the largest proportional improvement in its sustainability performance compared to the previous year is named the RobecoSAM Industry Mover.&#160; RobecoSAM awards companies for their excellent sustainability performance. </p> <p class="hugin"><img width="627" height="150" class="hugin" id="Picture 2" src="https&#58;//hugin.info/165629/I/2165390/125674.jpg" alt="" /></p> <p class="hugin"><b class="hugin">Aris Prepoudis</b>, CEO, RobecoSAM&#58; &quot;I congratulate UPM whole heartedly for being awarded a Gold Class medal and recognized as Industry Mover in The Sustainability Yearbook 2018. The companies included in the Yearbook are the world's most sustainable companies in their industry and are moving the ESG needle in ways that will help us realise the UN's Sustainable Development Goals by 2030.&quot; </p> <p class="hugin">&quot;This award makes us at the same time extremely proud and humble,&quot; <b class="hugin">Sami Lundgren</b>, VP, UPM Environment and Responsibility says smiling. </p> <p class="hugin">&quot;We are proud of the positive steps we have taken in each area of responsibility, and are, of course, pleased that those actions have promoted us in the Gold class and especially among the Industry Movers,&quot; Sami continues. </p> <p class="hugin">&quot;Our Aiming higher culture and purpose to create value by seizing the limitless potential of bioeconomy push us to work even harder,&quot; Sami says. </p> <p class="hugin">The UN's 2030 Sustainable Development Goals are strongly guiding UPM in all of its operations. As of 2016 we have been a member of UN Global Compact LEAD, which is a unique leadership platform within the UN Global Compact that strongly promotes the integration of sustainability into business strategies. </p> <p class="hugin">&quot;We have a great network of the most sustainably advanced companies across geographical regions and industry sectors to discuss and share best practices with,&quot; Sami concludes.</p> <p class="hugin">The Sustainability Yearbook awards companies for their excellent sustainability performance as determined by their score in <a class="hugin" href="http&#58;//www.robecosam.com/en/sustainability-insights/about-sustainability/corporate-sustainability-assessment/index.jsp" target="_blank">RobecoSAM's annual Corporate Sustainability Assessment (CSA).</a><br class="hugin">Read more on the 2018 edition of RobecoSAM's <a class="hugin" href="https&#58;//emea01.safelinks.protection.outlook.com/?url=http&#58;//mail.robecosam.com/u/nrd.php?p%3DX9WJpGOdYF_413_1200470_2_75%26ems_l%3D1071712&amp;data=02%7c01%7ck109905%40mgd.upm.com%7c5b5bb4efe35a4e0d0a4e08d5693915fb%7c9eab37f091c647e39c00fe8544bd272e%7c1%7c0%7c636530616259786657&amp;sdata=sjPyGwuLxXYcB3KLFfY6gf7JF6irCMVlzV2GxZ3foSE%3D&amp;reserved=0" target="_blank">The Sustainability Yearbook</a>. </p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Sami Lundgren, Vice President, UPM, Environment and Responsibility, tel. +358 40&#160;580 0910.</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9.00-16.00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumer demand. Products are made of renewable and recyclable materials. The group employs around 19,100 people worldwide and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com/" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPMGlobal" target="_blank">Twitter</a> | <a class="hugin" href="http&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="http&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM Raflatac's insightful pharmaceutical and healtcare labeling at Pharmapack 20182018-02-01T09:00:00Z<p class="hugin">(UPM Raflatac, Helsinki, 1 February 2018 at 11&#58;00 EET) - UPM Raflatac's pharmaceutical and healthcare labeling experts will be present at Pharmapack exhibition on 7-8 February 2018 in Paris, France. Visitors on stand B18 will have the opportunity to see and discuss labeling solutions specified for the latest pharmaceutical and healthcare market needs.</p> <p class="hugin">UPM Raflatac will be focusing on a labeling range which supports compliance with the Falsified Medicines Directive (2011/62/EU) regarding packaging for prescription drugs and high-risk, over-the-counter medicines.&#160;An estimated 30 billion such packs issued annually are affected in the EU. The deadline for compliance is coming up soon, already on February 9, 2019 in majority of the EU member states.</p> <p class="hugin">The RP62 EU and RP62 EUL adhesives, supplied with tamper-verification labeling products, create a tear on the typically used cardboard cartons. The RP62 EUL adhesive also has luminescent characteristics for detecting missing labels. Both adhesives are available with a range of clear film as well as paper-based label faces supporting legislative requirements for individually authenticated, tamper-evident packs which protect the supply chain from counterfeits. </p> <p class="hugin">Another highlight is UPM Raflatac's new labeling solution for the medical device segment. The RPMD adhesive range is specially designed for different medical device sub-segments such as sterilization wraps and bags, infusion bags and bottles, drug-device combinations like pens, auto-injectors and inhalers and blood donation labeling. Selected paper and film face materials, combined with a new multi-faceted RPMD adhesive, have excellent adhesion with a tight mandrel hold on glass and plastic, and are both sterilization resistant and migration safe. RPMD is fully compliant with the recent EU Medical Devices and In Vitro Diagnostic Regulations.</p> <p class="hugin"><b class="hugin">UPM Raflatac welcomes visitors to Pharmapack 2018 at stand B18, hall 7.1.</b></p> <p class="hugin">High resolution images can be downloaded at <a class="hugin" href="https&#58;//upm.emmi.fi/l/FwHRQLnHLbM5" target="_blank">UPM Image bank</a>.</p> <p class="hugin">Learn more about our solutions for <a class="hugin" href="http&#58;//www.upmraflatac.com/emea/en/solutions-and-services/labeling-solutions/pharmaceutical-and-health-care" target="_blank">pharmaceutical and health care labeling</a>. </p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin"> Markku Pietarinen, Manager, Business Segments &amp; Pharma, Specials EMEIA, tel. + 358405434658</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9.00-16.00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM Raflatac </b><br class="hugin">UPM Raflatac is labeling a smarter future by developing innovative and sustainable labeling solutions complemented with world-class service. As one of the world's leading producers of self-adhesive label materials, we supply high-quality paper and film label stock for consumer product and industrial labeling through a global network of factories, distribution terminals and sales offices. We employ around 3,000 people and made sales of EUR 1.4 billion (USD 1.5 billion) in 2016. UPM Raflatac is part of UPM - The Biofore Company. Find out more at <a class="hugin" href="http&#58;//www.upmraflatac.com" target="_blank">www.upmraflatac.com</a>.</p> <p class="hugin">Follow UPM Raflatac on <a class="hugin" href="https&#58;//twitter.com/upm_raflatac" target="_blank">Twitter</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-raflatac" target="_blank">LinkedIn</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.facebook.com/upmraflatac" target="_blank">Facebook</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.youtube.com/user/upmraflatac" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmraflatac/" target="_blank">Instagram</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumption. Products are made of renewable and recyclable materials. The group employs around 19,300 people worldwide and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPMGlobal" target="_blank">Twitter</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a> </p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
Notice of the Annual General Meeting2018-01-31T10:00:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Notice to general meeting&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 31 January 2018 at 12&#58;00 EET</p> <p class="hugin"><b class="hugin">Notice of the Annual General Meeting</b></p> <p class="hugin">Notice is given to the shareholders of UPM-Kymmene Corporation of the Annual General Meeting to be held on Thursday, 5 April 2018 starting at 14.00 (EET) at Messukeskus, Messuaukio 1, Helsinki, Finland (Kokoustamo entrance). The reception of attendees who have preregistered for the meeting and the distribution of voting tickets will commence at 13.00 (EET). </p> <p class="hugin"><b class="hugin"><i class="hugin">A. Matters on the agenda of the Annual General Meeting</i></b></p> <ol class="hugin" type="1"> <li class="hugin"> <div class="hugin"><b class="hugin">Opening of the meeting</b><br class="hugin">&#160;</div> </li> <li class="hugin"> <div class="hugin"><b class="hugin">Calling the meeting to order</b><br class="hugin">&#160;</div> </li> <li class="hugin"> <div class="hugin"><b class="hugin">Election of persons to scrutinise the minutes and to supervise the counting of votes</b><br class="hugin">&#160;</div> </li> <li class="hugin"> <div class="hugin"><b class="hugin">Recording the legality of the meeting</b><br class="hugin">&#160;</div> </li> <li class="hugin"> <div class="hugin"><b class="hugin">Recording the attendance at the meeting and adoption of the list of votes</b><br class="hugin">&#160;</div> </li> <li class="hugin"> <div class="hugin"><b class="hugin">Presentation of the Financial Statements, the Report of the Board of Directors and the Auditor's Report for the year 2017</b><br class="hugin">&#160;</div> <ul class="hugin"> <li class="hugin"> <div class="hugin">Review by the President and CEO<br class="hugin">&#160;</div> </li> </ul> </li> <li class="hugin"> <div class="hugin"><b class="hugin">Adoption of the Financial Statements</b><br class="hugin">&#160;</div> </li> <li class="hugin"> <div class="hugin"><b class="hugin">Resolution on the use of the profit shown on the balance sheet and the payment of dividend</b></div> </li> </ol> <p class="hugin">The Board of Directors proposes that a dividend of EUR 1.15 per share be paid based on the balance sheet to be adopted for the financial year ending 31 December 2017. The dividend will be paid to a shareholder who is registered in the Company's shareholders' register held by Euroclear Finland Ltd on the dividend record date 9 April 2018. The Board of Directors proposes that the dividend be paid on 19 April 2018.</p> <ol class="hugin" start="9" type="1"> <li class="hugin"> <div class="hugin"><b class="hugin">Resolution on the discharge of the members of the Board of Directors and the President and CEO from liability</b><br class="hugin">&#160;</div> </li> <li class="hugin"> <div class="hugin"><b class="hugin">Resolution on the remuneration of the members of the Board of Directors</b></div> </li> </ol> <p class="hugin">The Board of Directors' Nomination and Governance Committee proposes that the remuneration of the members of the Board of Directors remain unchanged and that the Chairman of the Board of Directors be paid an annual base fee of EUR 190,000, Deputy Chairman of the Board EUR 135,000 and other members of the Board EUR 110,000. </p> <p class="hugin">The Nomination and Governance Committee further proposes that the annual committee fees remain unchanged and that the members of the Board of Directors' committees be paid annual fees as follows&#58;</p> <ul class="hugin"> <li class="hugin"> <div class="hugin">Audit Committee&#58; Chairman EUR 35,000 and members EUR 15,000</div> </li> <li class="hugin"> <div class="hugin">Remuneration Committee&#58; Chairman EUR 20,000 and members EUR 10,000</div> </li> <li class="hugin"> <div class="hugin">Nomination and Governance Committee&#58; Chairman EUR 20,000 and members EUR 10,000.</div> </li> </ul> <p class="hugin">No annual fees shall be paid to a member of the Board of Directors belonging to the executive management of the Company. </p> <p class="hugin">The annual base fee is proposed to be paid in Company shares and cash so that 40% will be payable in the Company shares to be purchased on the Board members' behalf, and the rest in cash. The Company will pay any costs and transfer tax related to the purchase of the Company shares. Shares thus purchased may not be transferred within two years from the purchase date or until the director's membership in the Board has ended, whichever occurs first. The annual committee fees are proposed to be paid in cash.</p> <p class="hugin">In addition, the Board of Directors' Nomination and Governance Committee proposes that travel and lodging expenses incurred from meetings held elsewhere than in a director's place of residence will be paid against invoice.</p> <ol class="hugin" start="11" type="1"> <li class="hugin"> <div class="hugin"><b class="hugin">Resolution on the number of members of the Board of Directors</b></div> </li> </ol> <p class="hugin">The Board of Directors' Nomination and Governance Committee proposes that the number of members of the Board of Directors be resolved to be the current ten (10).</p> <ol class="hugin" start="12" type="1"> <li class="hugin"> <div class="hugin"><b class="hugin">Election of members of the Board of Directors</b></div> </li> </ol> <p class="hugin">The Board of Directors' Nomination and Governance Committee proposes that the following incumbent directors be re-elected to the Board&#58; Berndt Brunow, Henrik Ehrnrooth, Piia-Noora Kauppi, Jussi Pesonen, Ari Puheloinen, Veli-Matti Reinikkala, Suzanne Thoma, Kim Wahl and Björn Wahlroos. The committee further proposes that Ms Marjan Oudeman be elected as a new director to the Board. The directors are elected for a one-year term and their term of office will end upon closure of the next Annual General Meeting. All director nominees have given their consent to the election. The nominees' biographical details are available on the corporate website under <a class="hugin" href="http&#58;//www.upm.com/Investors/Governance/AGM/2018/Pages/default.aspx" target="_blank">www.upm.com/agm2018.</a></p> <p class="hugin">Ms. Wendy E. Lane, UPM's director since 2005, has informed that she will not stand for re-election. Having served as a non-executive director for 13 years and played a part in UPM's remarkable transformation from a global paper producer to a versatile Biofore company, she feels the Board would benefit from some refreshment and she will, in turn, focus on other engagements.</p> <p class="hugin">The new director nominee Ms Marjan Oudeman (born 1958) is a Dutch citizen and holds master's degrees in law (LL.M.) and business administration (MBA). Ms Oudeman has extensive professional experience in leading multinational business operations for AkzoNobel NV, Tata Steel Europe, Corus Group Plc. and Hoogovens Group NV. During her over 30-year career in these corporations she has also gained valuable experience in performance improvement, financing and financial reporting, restructurings, strategic planning, organisational development and corporate governance. She ended her professional career as President of the Executive Board of the Utrecht University in 2017 in order to concentrate on her non-executive director positions in Statoil ASA (Norway), SHV Holdings NV (the Netherlands), Solvay SA (Belgium) and Aalberts Industries NV (the Netherlands), where she also chairs the Audit Committee. Ms Oudeman has also been a Supervisory Board member of ABN AMRO Bank (2009-2015) and the Dutch Railways (2005-2013), and is currently a member of the Supervisory Boards in Concertgebouw NV and Het Rijksmuseum. </p> <p class="hugin">The Board of Directors has assessed the director nominees' independence based on the Finnish Corporate Governance Code's independence criteria and other factors and circumstances to be taken into account in the overall evaluation from both the standpoint of the company and the nominees. The Board has also taken into account information provided by the nominees.</p> <p class="hugin">According to the evaluation carried out by the Board, all director nominees are independent of the Company's significant shareholders as none of the Company shareholders holds more than 10 percent of the Company's shares or votes attached thereto. In addition, according to the Board's director-specific overall evaluation, all non-executive director nominees are independent of the Company including Berndt Brunow, Veli-Matti Reinikkala and Björn Wahlroos, although they have been, if re-elected, non-executive directors for 10 consecutive years or more. Based on the Board's overall evaluation of these director nominees' independence, their independence is not compromised due to their long service history, and no other factors or circumstances have been identified that could impair their independence. As the President and CEO of the Company, Jussi Pesonen is not independent of it. According to the Board Charter, the President and CEO may not be a member of any of the Board committees.</p> <ol class="hugin" start="13" type="1"> <li class="hugin"> <div class="hugin"><b class="hugin">Resolution</b><b class="hugin"> on the remuneration of the auditor</b></div> </li> </ol> <p class="hugin">The Board of Directors' Audit Committee proposes that the remuneration of the Company's auditor be paid against invoices approved by the Board of Directors' Audit Committee.</p> <p class="hugin">For the year 2017, the Company's auditor was paid EUR 2.3 million as audit fee, EUR 0.1 million for audit-related services, EUR 0.3 million for tax services and EUR 0.5 million for other non-audit services. </p> <ol class="hugin" start="14" type="1"> <li class="hugin"> <div class="hugin"><b class="hugin">Election of auditor</b></div> </li> </ol> <p class="hugin">The Board of Directors' Audit Committee proposes that PricewaterhouseCoopers Oy, a firm of authorised public accountants, be re-elected as the Company's auditor for a term that will continue until the end of the next Annual General Meeting. PricewaterhouseCoopers Oy has notified the Company that Authorised Public Accountant (KHT) Merja Lindh, who has held this position since 8 April 2014, would continue as the lead audit partner.</p> <ol class="hugin" start="15" type="1"> <li class="hugin"> <div class="hugin"><b class="hugin">Authorising the Board of Directors to decide on the repurchase of the Company's own shares</b></div> </li> </ol> <p class="hugin">The Board of Directors proposes that the Board be authorised to decide on the repurchase of a maximum of 50,000,000 of the Company's own shares. The proposed maximum number of shares corresponds to 9.4 per cent of the Company's registered number of shares at the time of the proposal. The authorisation would also include the right to accept the Company's own shares as a pledge.</p> <p class="hugin">The Company's own shares will be repurchased in public trading otherwise than in proportion to the existing shareholdings of the Company's shareholders at the market price quoted at the time of purchase on the trading places where the Company's shares or certificates entitling to its shares are traded, using the Company's unrestricted shareholders' equity. </p> <p class="hugin">The shares will be repurchased to be used as a consideration in potential mergers or acquisitions, to finance investments or other business-related transactions, to develop the Company's capital structure, or as a part of the Company's incentive plans, or to be retained by the Company as treasury shares, transferred or cancelled. </p> <p class="hugin">The Board shall decide on all other matters related to the repurchase of the Company's own shares. The authorisation is proposed to be valid for 18 months from the date of the resolution of the Annual General Meeting. If this authorisation is granted, it will revoke the repurchase authorisation granted by the Annual General Meeting on 29 March 2017.</p> <ol class="hugin" start="16" type="1"> <li class="hugin"> <div class="hugin"><b class="hugin">Resolutions on the partial amendment of the Articles of Association</b></div> </li> </ol> <p class="hugin">The Board of Directors proposes that article 2 (Field of Activity), article 8 (Auditor) and article 10 (Notice of the General Meeting of Shareholders) of the Articles of Association be amended and that article 12 (Obligation to redeem shares in different voting right situations) be removed from the Articles of Association.</p> <p class="hugin">The Board of Directors proposes that article 2 be amended to reflect the Company's businesses more closely, article 8 be amended to correspond to the responsibility for the auditor oversight referred to in the amended Finnish Auditing Act (1141/2015), article 10 be amended to the effect that the entire notice of the General Meeting will be published only on the corporate website in line with the prevailing market practice, and that article 12 be removed from the Articles of Association as obsolete and difficult to apply in practice. The current and proposed new wordings of the above mentioned articles of the Articles of Association are available on the corporate website under <a class="hugin" href="http&#58;//www.upm.com/Investors/Governance/AGM/2018/Pages/default.aspx" target="_blank">www.upm.com/agm2018.</a></p> <ol class="hugin" start="17" type="1"> <li class="hugin"> <div class="hugin"><b class="hugin">Authorising the Board of Directors to decide on charitable contributions</b></div> </li> </ol> <p class="hugin">The Board of Directors proposes that the Board be authorised to decide on contributions not exceeding a total of EUR 500,000 for charitable or corresponding purposes and that the Board be authorised to determine the recipients, purposes and other terms and conditions of the contributions. Contributions would be primarily granted under the Company's Biofore Share and Care programme whose focus areas are reading and learning, engaging with communities, responsible water use and bioinnovations. The authorisation is proposed to be valid until the next Annual General Meeting.</p> <ol class="hugin" start="18" type="1"> <li class="hugin"> <div class="hugin"><b class="hugin">Closing of the meeting</b></div> </li> </ol> <p class="hugin"><b class="hugin"><i class="hugin">B. Documents of the Annual General Meeting</i></b></p> <p class="hugin">The proposals for the resolutions on the matters on the agenda of the Annual General Meeting as well as this notice are available on UPM-Kymmene Corporation's website at www.upm.com/agm2018. The Annual Report of UPM-Kymmene Corporation, including the Company's Financial Statements, the Report of the Board of Directors and the Auditor's Report, is available on the above-mentioned website as of 28 February 2018. The proposals for the resolutions and the Financial Statements are also available at the venue of the Annual General Meeting. The minutes of the Annual General Meeting will be available on the above-mentioned website as of 19 April 2018 at the latest.</p> <p class="hugin"><b class="hugin"><i class="hugin">C. Instructions for the participants of the Annual General Meeting</i></b></p> <ol class="hugin" type="1"> <li class="hugin"> <div class="hugin"><b class="hugin">The right to participate and registration</b></div> </li> </ol> <p class="hugin">Each shareholder, who is registered on 22 March 2018 in the shareholders' register of the Company held by Euroclear Finland Ltd, has the right to participate in the Annual General Meeting. A shareholder, whose shares are registered on his/her personal Finnish book-entry account, is registered in the shareholders' register of the Company.</p> <p class="hugin">A shareholder, who is registered in the shareholders' register of the Company and who wishes to participate in the Annual General Meeting, shall preregister for the meeting no later than 27 March 2018 by 16.00 (EET) by giving a prior notice of attendance, which shall be received by the Company no later than on the above-mentioned date and time. </p> <p class="hugin">Such notice can be given&#58;</p> <p class="hugin">a) on the corporate website <a class="hugin" href="http&#58;//www.upm.com/Investors/Governance/AGM/2018/Pages/default.aspx" target="_blank">www.upm.com/agm2018</a>; <br class="hugin">b) by telephone 020&#160;770 6861 from Monday to Friday from 9.00 to 16.00 (EET) or<br class="hugin">c) by ordinary mail to UPM-Kymmene Corporation, Legal Function, PO Box 380 (Alvar Aallon katu 1), FI-00101 Helsinki.</p> <p class="hugin">In connection with the prior notice of attendance, a shareholder shall notify his/her name, personal/business identification number, address, telephone number, the name of a possible assistant and the name and personal identification number of a possible proxy representative. The personal data is used only in connection with the Annual General Meeting and processing of related registrations.</p> <p class="hugin"><b class="hugin">2. Holders of nominee registered shares</b></p> <p class="hugin">A holder of nominee registered shares has the right to participate in the Annual General Meeting by virtue of such shares, based on which he/she on the record date of the Annual General Meeting, i.e. on 22 March 2018, would be entitled to be registered in the shareholders' register of the Company held by Euroclear Finland Ltd. The right to participate in the Annual General Meeting requires, in addition, that the shareholder on the basis of such shares has been temporarily preregistered in the shareholders' register held by Euroclear Finland Ltd by 10.00 (EET) on 29 March 2018 at the latest. As regards nominee registered shares, this constitutes a due registration for the Annual General Meeting. </p> <p class="hugin">A holder of nominee registered shares is advised to request without delay necessary instructions regarding the temporary registration in the shareholders' register of the Company, the issuing of proxy documents and preregistration for the Annual General Meeting from his/her custodian bank. The account manager of the custodian bank has to register a holder of nominee registered shares, who wishes to participate in the Annual General Meeting, temporarily in the shareholders' register of the Company by the time stated above at the latest.</p> <p class="hugin"><b class="hugin">3. Proxy representative and powers of attorney</b></p> <p class="hugin">A shareholder may participate in the Annual General Meeting and exercise his/her rights at the meeting by way of proxy representation. A proxy representative shall produce a dated proxy document or otherwise in a reliable manner demonstrate his/her right to represent the shareholder at the Annual General Meeting. </p> <p class="hugin">Holders of ADRs may authorise the ADR depositary bank, Citibank N.A., to act as a proxy representative and exercise their rights according to the shares represented by their respective ADRs.</p> <p class="hugin">When a shareholder participates in the Annual General Meeting by means of several proxy representatives representing the shareholder with shares at different book-entry accounts, the shares by which each proxy representative represents the shareholder shall be identified in connection with the registration for the Annual General Meeting. </p> <p class="hugin">Possible proxy documents should be submitted in originals to UPM-Kymmene Corporation, Legal Function, PO Box 380 (Alvar Aallon katu 1), FI-00101 Helsinki, Finland, prior to the end of the preregistration period.</p> <p class="hugin"><b class="hugin">4. Other information</b></p> <p class="hugin">Pursuant to Chapter 5, Section 25 of the Finnish Limited Liability Companies Act, a shareholder who is present at the Annual General Meeting has the right to request information with respect to the matters to be considered at the meeting.</p> <p class="hugin">On the date of the notice of the Annual General Meeting, 31 January 2018, the Company has&#160; 533,735,699 shares representing the same number of votes.</p> <p class="hugin">Helsinki, 31 January 2018<br class="hugin">UPM-Kymmene Corporation<br class="hugin">Board of Directors</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumer demand. Products are made of renewable and recyclable materials. The group employs around 19,100 people worldwide and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPMGlobal" target="_blank">Twitter</a> | <a class="hugin" href="http&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="http&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
Financial Statements Release 2017: Excellent finish to the record-strong year 20172018-01-31T07:45:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Financial Statements Release&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 31 January 2018 at 09&#58;45 EET</p> <p class="hugin"><b class="hugin">Financial Statements Release 2017&#58; </b><br class="hugin"><b class="hugin">Excellent finish to the record-strong year 2017</b></p> <p class="hugin"><b class="hugin">Q4 2017 highlights</b></p> <ul class="hugin"> <li class="hugin"> <div class="hugin">Comparable EBIT increased by 29% to EUR 366 million (283 million in Q4 2016).</div> </li> <li class="hugin"> <div class="hugin">Sales prices and delivery growth boosted earnings, outstripping the impact of higher input costs and unfavourable currencies.</div> </li> <li class="hugin"> <div class="hugin">Strong operating cash flow at EUR 407 million (405 million).</div> </li> <li class="hugin"> <div class="hugin">Net debt decreased to EUR 174 million (1,131 million).</div> </li> <li class="hugin"> <div class="hugin">UPM and the Government of Uruguay signed an agreement on local prerequisites for a possible new pulp mill.</div> </li> <li class="hugin"> <div class="hugin">UPM announced the next step towards entering a new sustainable biochemicals business.</div> </li> <li class="hugin"> <div class="hugin">UPM announced a new growth project at the UPM Chudovo plywood mill in Russia.</div> </li> <li class="hugin"> <div class="hugin">UPM closed graphic paper capacity in the US and announced plans to optimise operations in Germany.</div> </li> <li class="hugin"> <div class="hugin">UPM Kymi pulp mill expansion and the UPM Raflatac expansion in Poland were completed.</div> </li> </ul> <p class="hugin"><b class="hugin">2017 highlights </b></p> <ul class="hugin"> <li class="hugin"> <div class="hugin">Comparable EBIT increased by 13% to EUR 1,292 million (1,143 million in 2016).</div> </li> <li class="hugin"> <div class="hugin">Strong profit performance continued through a turn in input cost environment.</div> </li> <li class="hugin"> <div class="hugin">Higher delivery volumes contributed to the comparable EBIT growth.</div> </li> <li class="hugin"> <div class="hugin">Strong operating cash flow at EUR 1,558 million (1,686 million).</div> </li> <li class="hugin"> <div class="hugin">The Board proposes a dividend of EUR 1.15 (0.95) per share, representing 39% of operating cash flow per share.</div> </li> <li class="hugin"> <div class="hugin">UPM started focused growth investments at the Kaukas pulp mill and the Tampere label stock factory.</div> </li> <li class="hugin"> <div class="hugin">UPM divested UPM Paper ENA's hydropower assets in Germany, Austria and the US.</div> </li> <li class="hugin"> <div class="hugin">UPM closed a total of 433,000 tonnes of graphic paper capacity during 2017, targeting total annual cost savings of EUR 60 million.</div> </li> </ul> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_0" style="border-collapse&#58;collapse;border-style&#58;none;"> <tbody class="hugin"> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;"> <b class="hugin">Key figures</b> </td> <td align="center" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;"> Q4/2017 </td> <td align="center" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;"> Q4/2016 </td> <td align="center" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;"> Q3/2017 </td> <td align="center" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;"> Q1-Q4/2017 </td> <td align="center" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;"> Q1-Q4/2016 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Sales, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 2,571 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 2,476 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 2,493 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10,010 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 9,812 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Comparable EBITDA, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 451 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 349 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 425 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,631 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,560 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> &#160; % of sales </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 17.5 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 14.1 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 17.1 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 16.3 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 15.9 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Operating profit, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 299 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 232 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 379 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,259 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,135 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Comparable EBIT, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 366 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 283 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 351 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,292 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,143 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> &#160; % of sales </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 14.2 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 11.4 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 14.1 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 12.9 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 11.6 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Profit before tax, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 273 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 231 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 357 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,186 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,080 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> &#160; Comparable profit before tax, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 340 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 282 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 328 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,218 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,089 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Profit for the period, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 244 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 187 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 286 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 974 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 880 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Comparable profit for the period, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 297 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 220 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 267 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,004 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 879 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Earnings per share (EPS), EUR </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.46 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.35 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.54 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1.82 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1.65 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> &#160; Comparable EPS, EUR </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.56 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.41 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.50 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1.88 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1.65 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Return on equity (ROE), % </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 11.5 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 9.3 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 13.9 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 11.5 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.9 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Comparable ROE, % </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 14.0 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.9 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 13.0 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 11.9 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.9 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Return on capital employed (ROCE), % </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 13.2 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 9.4 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 14.8 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 12.5 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.5 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Comparable ROCE, % </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 15.9 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 11.4 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 13.6 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 12.8 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.6 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Operating cash flow, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 407 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 405 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 486 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,558 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,686 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Operating cash flow per share, EUR </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.76 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.76 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.91 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 2.92 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 3.16 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Equity per share at end of period, EUR </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 16.24 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 15.43 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 15.61 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 16.24 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 15.43 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Capital employed at the end of period, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 9,777 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10,657 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10,098 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 9,777 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10,657 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Net debt at the end of period, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 174 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,131 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 623 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 174 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,131 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Net debt to EBITDA (last 12 m.) </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.11 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.73 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.41 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.11 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.73 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Personnel at the end of period </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 19,111 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 19,310 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 19,335 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 19,111 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 19,310 </td> </tr> </tbody> </table> <p class="hugin"><b class="hugin">Jussi Pesonen, President and CEO, comments on Q4 and full year 2017 results&#58;</b></p> <p class="hugin">&quot;2017 was a record year and its last quarter was our 19<sup class="hugin" style="vertical-align&#58;text-top;font-size&#58;0.8em;">th</sup> consecutive quarter of earnings growth. This was the result of favourable market conditions, timely growth investments and successful mitigation of input cost increases. Once again, our business model, performance culture and capex effectiveness delivered excellent results.</p> <p class="hugin">Our comparable EBIT in 2017 grew by 13%. Our cash flow was consistently strong, and we reduced our net debt by EUR 957 million over the course of the year, ending at a record low of EUR 174 million.</p> <p class="hugin">We finished the year with an excellent fourth quarter. We were able to increase prices and achieve good growth in delivery volumes, which in this quarter outstripped the impact of higher input costs and unfavourable currencies. Our comparable EBIT in Q4 increased by 29% to EUR 366 million. </p> <p class="hugin">UPM Biorefining benefitted from higher pulp prices and good delivery growth during the quarter. Kaukas, Pietarsaari and Fray Bentos pulp mills and the Lappeenranta biorefinery all set records for annual production. UPM Raflatac, UPM Specialty Papers and UPM Plywood were able to offset higher input costs by increasing deliveries and sales prices. At UPM Energy, the hydropower generation recovered to above normal level. UPM Paper ENA also reported a strong end to the year, despite rising fibre costs.</p> <p class="hugin">Since the introduction of UPM business model in 2013, we have achieved a clear improvement in business performance, attractive returns for our growth investments and a truly industry-leading balance sheet. Today we are proud to have six strong business areas, which provide us with a wealth of future opportunities. </p> <p class="hugin">Going forward we will maintain our performance focus supported by continuous improvement culture and innovation. We will also continue to grow our businesses with attractive focused growth investments. Today we announced the latest news on UPM Specialty Papers' growth plans. </p> <p class="hugin">Furthermore, we are now well-positioned for transformative prospects. I am pleased that we have reached a cornerstone agreement with the Government of Uruguay, outlining the local prerequisites for a potential pulp mill investment. The infrastructure projects and the pre-engineering of the mill are in progress. For UPM's pulp business, the potential mill would imply a step change in business size and earnings. </p> <p class="hugin">Another opportunity for transformation comes with the emerging biomolecules businesses, biofuels and biochemicals. During the fourth quarter, we started a basic engineering study regarding a potential industrial scale biochemical refinery in Germany. Entering the biochemicals business could provide UPM with significant growth platform for decades to come.</p> <p class="hugin">Our objective is earnings growth and therefore, we will maintain our high standards when it comes to return requirements for growth investments.</p> <p class="hugin">UPM is in better standing than ever&#58; in the coming years we can allocate more capital to growing and transforming the company while simultaneously increasing the distribution to our shareholders and maintaining headroom in our strong balance sheet. Today, UPM's Board of Directors has proposed a dividend of EUR 1.15 (0.95) per share for 2017, representing 39% of operating cash flow per share and up by 21% from last year.</p> <p class="hugin">All in all, UPM is well-positioned for 2018 and beyond. UPM businesses today and in the future provide sustainable and safe solutions for the growing global consumer demand. Bioeconomy offers us limitless opportunities for value creation and growth.&quot;</p> <p class="hugin"><b class="hugin">Outlook for 2018</b></p> <p class="hugin">UPM reached record earnings in 2017. Fundamentals for UPM businesses in 2018 continue to be favourable.</p> <p class="hugin">Healthy demand growth is expected to continue for most of UPM's businesses in 2018, while modest demand decline is expected to continue for UPM Paper ENA. Sales prices are expected to increase in most of UPM's businesses, compared with 2017.</p> <p class="hugin">Input costs are expected to continue increasing in 2018, compared with 2017. UPM will continue measures to reduce fixed and variable costs to mitigate this. 2018 starts with less favourable currencies than 2017.</p> <p class="hugin">Q1 2018 results are expected to be impacted by temporary wood harvesting limitations in Northern Europe caused by unusually warm and wet weather in late 2017 and the beginning of 2018.</p> <p class="hugin"><b class="hugin">Webcast and press conference</b></p> <p class="hugin">UPM's President and CEO Jussi Pesonen will present the financial results in a webcast and a conference call for analysts and investors, held in English language, today at 13&#58;15 EET.</p> <p class="hugin">Later in the afternoon, Jussi Pesonen will present the results in a press conference held in Finnish language at the UPM Group Head Office (The Biofore House) in Helsinki, Alvar Aallon katu 1, at 14&#58;30 EET.</p> <p class="hugin"><b class="hugin">Webcast and conference call details&#58;</b></p> <p class="hugin">The conference call can be participated in either by dialling a number in the list below or following the webcast online at <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a> or through <a class="hugin" href="https&#58;//upm.videosync.fi/2018-01-31-q4" target="_blank">this link.</a> </p> <p class="hugin">Only participants who wish to ask questions in the conference call need to dial in. All participants can view the webcast presentation online. We recommend that participants start dialling in 5-10 minutes prior to ensure a timely start of the webcast.</p> <p class="hugin">The presentation is available at <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a> for 12 months after the call.</p> <p class="hugin">Conference call title&#58; <b class="hugin">Financial Statements Release for the year 2017</b></p> <p class="hugin"><b class="hugin">Direct telephone numbers&#58;</b></p> <p class="hugin">BE&#58; +3224040635<br class="hugin">DK&#58; +45 823 331 78<br class="hugin">FI&#58; +358981710495<br class="hugin">UK&#58; +442031940552<br class="hugin">SE&#58; +46856642702<br class="hugin">US&#58; +18557161597<br class="hugin">NO&#58; +4723500211<br class="hugin">FR&#58; +33170750725</p> <p class="hugin"><b class="hugin">International telephone numbers with a pin code 96876807#</b></p> <p class="hugin">AU&#58; +61 29253 5844&#160; &#160;<br class="hugin">AT&#58; +43 19282 258&#160; &#160;<br class="hugin">CH&#58; +41 44580 0083&#160; &#160;<br class="hugin">CN&#58; +86 400 681 5421&#160; &#160;<br class="hugin">DE&#58; +49 030 221 510 067&#160; &#160;<br class="hugin">ES&#58; +34 911 143 608&#160; &#160;<br class="hugin">HK&#58; +852 3068 9834&#160; &#160;<br class="hugin">IN&#58; 0018038524634 (Toll Free)<br class="hugin">IR&#58; +353 1696 8154&#160; &#160;<br class="hugin">IT&#58; +39 2 3604 6798&#160; &#160;<br class="hugin">JP&#58; +81 3 4455 9554&#160; &#160;<br class="hugin">NL&#58; +31 20 716 8427&#160; &#160;<br class="hugin">SP&#58; +65 6307 7610&#160; &#160;</p> <p class="hugin">**</p> <p class="hugin">It should be noted that certain statements herein, which are not historical facts, including, without limitation, those regarding expectations for market growth and developments; expectations for growth and profitability; and statements preceded by &quot;believes&quot;, &quot;expects&quot;, &quot;anticipates&quot;, &quot;foresees&quot;, or similar expressions, are forward-looking statements. Since these statements are based on current plans, estimates and projections, they involve risks and uncertainties which may cause actual results to materially differ from those expressed in such forward-looking statements. Such factors include, but are not limited to&#58; (1) operating factors such as continued success of manufacturing activities and the achievement of efficiencies therein including the availability and cost of production inputs, continued success of product development, acceptance of new products or services by the Group's targeted customers, success of the existing and future collaboration arrangements, changes in business strategy or development plans or targets, changes in the degree of protection created by the Group's patents and other intellectual property rights, the availability of capital on acceptable terms; (2) industry conditions, such as strength of product demand, intensity of competition, prevailing and future global market prices for the Group's products and the pricing pressures thereto, financial condition of the customers and the competitors of the Group, the potential introduction of competing products and technologies by competitors; and (3) general economic conditions, such as rates of economic growth in the Group's principal geographic markets or fluctuations in exchange and interest rates. The main earnings sensitivities and the group's cost structure are presented on page 115 of the 2016 Annual Report. Risks and opportunities are discussed on pages 22-23 and risks and risk management are presented on pages 98-99 of the report.</p> <p class="hugin">**</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284<a class="hugin" href="#">&#160; &#160;</a> <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumer demand. Products are made of renewable and recyclable materials. The group employs around 19,100 people worldwide and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPMGlobal" target="_blank">Twitter</a> | <a class="hugin" href="http&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="http&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> <p class="hugin"><b class="hugin">UPM</b> presents certain performance measures of performance, financial position and cash flows, which are alternative performance measures in accordance with the guidance issued by the European Securities and Markets Authority (ESMA). The definitions of alternative performance measures are presented in notes to the consolidated financial statements in UPM Annual Report.</p> <p><a href="http&#58;//hugin.info/165629/R/2164945/832949.pdf" target="_blank">UPM Financial Statements Release 2017</a></p>GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM continues to grow in the release liner business2018-01-31T06:30:00Z<p class="hugin">(UPM, Helsinki, 31 January 2018 at 08&#58;30 EET) - As the world leader in label papers, UPM continues to grow in the attractive release liner segments to support its customers mainly in Europe and the Americas. Healthy growth is expected to continue in these markets based on general economic conditions, increase in labelling, packaging and e-commerce as well as growth in medical and hygiene products.</p> <p class="hugin">UPM expands its glassine and supercalendered&#160;kraft (SCK) paper manufacturing capacity by rebuilding a calender at UPM Jämsänkoski Mill in Finland. The additional capacity of approximately 40,000 tonnes/a will be available in Q4/2018. During the expansion, production at the mill will continue normally. UPM has also successfully developed UPM Kymi Mill's capability to produce one side coated products, which will affirm its production capacity levels.</p> <p class="hugin">In addition to the Jämsänkoski investment, UPM has decided to conduct a feasibility study on the conversion of the fine paper machine PM2 at Nordland Papier into release liner production. The study is planned to be completed during the first half of 2018. </p> <p class="hugin">&quot;UPM Specialty Papers' markets are growing and with the possible machine conversion in Nordland in addition to Jämsänkoski's calender investment, we plan to be part of the growth. Our aim is to be the preferred partner for our customers and enable our customers' growth both regionally and globally,&quot; says <b class="hugin">Bernd Eikens</b>, Executive Vice President of UPM Specialty Papers.</p> <p class="hugin"><b class="hugin">For more information, please contact&#58;</b><br class="hugin">Bernd Eikens, Executive Vice President, UPM, Specialty Papers, tel. +49&#160;160&#160;707 3940<br class="hugin">Jaakko Nikkilä, Senior Vice President, UPM, Specialty Papers Europe &amp; North America, tel. +358 40&#160;749 3239</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM Specialty Papers</b><br class="hugin">UPM Specialty Papers produces labelling and packaging materials to global markets and fine papers to Asian markets. Its main customers are paper converters, distributors, retailers and printers. UPM Specialty Papers is a leader in sustainable development in the industry. Its high performance papers are produced in Finland and China. UPM Specialty Papers employs approximately 1,700 people in Finland, China, United States, Japan, South Korea, Singapore and Australia. <a class="hugin" href="http&#58;//www.upmspecialtypapers.com" target="_blank">www.upmspecialtypapers.com</a></p> <p class="hugin">Follow UPM Specialty Papers on <a class="hugin" href="https&#58;//twitter.com/UPM_Papers" target="_blank">Twitter</a> </p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumer demand. Products are made of renewable and recyclable materials. The group employs around 19,100 people worldwide and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPMGlobal" target="_blank">Twitter</a> | <a class="hugin" href="http&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="http&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#c72b848f-2cb3-4c62-ac14-e72f6f391f59;L0|#0c72b848f-2cb3-4c62-ac14-e72f6f391f59|Investor news;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM and Åbo Akademi University into strategic partnership2018-01-25T08:00:00Z<p class="hugin">(UPM, Helsinki, 25 January 2018 at 10&#58;00 EET) - UPM and Åbo Akademi University expand their cooperation by signing a frame agreement covering several fields of research. UPM and Åbo Akademi University have previously already cooperated in biomedicals research which is one of Åbo Akademi University's spearhead fields and a focus area of UPM's Biochemicals unit. The frame agreement strengthens cooperation in biomedicals and also in paper, pulp and energy research.</p> <p class="hugin">UPM leads the integration of bio and forest industries and builds a sustainable and innovation-driven future for example through collaboration with partners. The purpose is to promote business development and speed up innovations also in new areas, such as biomedicals. </p> <p class="hugin">&quot;We are actively looking for strategic partners on a global scale. The frame agreement with Åbo Akademi University strengthens UPM's network of strategic partnerships in areas that are essential for our future businesses&quot;, states <b class="hugin">Pekka Hurskainen</b>, Vice President of Technology Strategy Development at UPM.</p> <p class="hugin">UPM and Åbo Akademi University have already been doing successful cooperation with GrowDex® cellulose nanofibril hydrogel. It is UPM's first commercial product developed for biomedical purposes. It is especially well suitable for 3D cell culture applications, such as pharmaceutical research and development. GrowDex is highly biocompatible with human cells and tissues.</p> <p class="hugin">&quot;We are pleased with the frame agreement with UPM. This agreement continues our long term collaboration with UPM. Over the years, we have been actively collaborating in the fields of material and process research in chemical engineering and biomedicals, and we are now able to reinforce this collaboration&quot;, says <b class="hugin">Niklas Sandler</b>, Vice-Rector, Research Affairs at Åbo Akademi University.&#160;</p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Vice President, Strategy Development, Technology, UPM, Pekka Hurskainen, pekka.hurskainen@upm.com, tel. +358 400 645 969<br class="hugin">Vice-Rector, Research Affairs, Åbo Akademi University, Niklas Sandler, niklas.sandler@abo.fi, tel. +358 2 215 4837</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9.00-16.00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin">media@upm.com</p> <p class="hugin">&#160;<b class="hugin">&#160;</b><br class="hugin"><b class="hugin">Åbo Akademi University</b><br class="hugin">Åbo Akademi University is an international research university with broad responsibility of research based education in Swedish in Finland. The research and education of Åbo Akademi University covers most disciplines from humanities to theology, social sciences, business and economics, education and welfare studies as well as science and engineering. Åbo Akademi University has around 5,500 students and 1,200 employees. <a class="hugin" href="http&#58;//www.abo.fi" target="_blank">www.abo.fi</a> <br class="hugin">&#160;&#160;<br class="hugin"><b class="hugin">UPM</b><br class="hugin">UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumption. Products are made of renewable and recyclable materials. The group employs around 19,300 people worldwide and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPMGlobal" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
Invitation to UPM's press conference and webcast on Financial Statements for the year 20172018-01-24T08:00:00Z<p class="hugin">(UPM, Helsinki, 24 January 2018 at 10&#58;00 EET) - UPM will publish its fourth quarter 2017 results and Financial Statements release for the year 2017 on 31 January 2018 at 09&#58;30-10&#58;00 EET. The report will be available on the company's website at <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a> after publishing.</p> <p class="hugin">UPM's President and CEO <b class="hugin">Jussi Pesonen</b> will present the results in a webcast and a conference call for analysts and investors, held in English language, on 31 January 2018 at 13&#58;15 EET.</p> <p class="hugin">Later in the afternoon, Jussi Pesonen will present the results in a press conference held in Finnish language at the UPM Group Head Office (The Biofore House) in Helsinki, Alvar Aallon katu 1, at 14&#58;30 EET.</p> <p class="hugin"><b class="hugin">Webcast and conference call details&#58;</b></p> <p class="hugin">The conference call can be participated in either by dialling a number in the list below or following the webcast online at <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a> or through <a class="hugin" href="https&#58;//upm.videosync.fi/2018-01-31-q4" target="_blank">this link.</a> </p> <p class="hugin">Only participants who wish to ask questions in the conference call need to dial in. All participants can view the webcast presentation online. We recommend that participants start dialling in 5-10 minutes prior to ensure a timely start of the webcast.</p> <p class="hugin">The presentation is available at <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a> for 12 months after the call.</p> <p class="hugin">Conference call title&#58; <b class="hugin">Financial Statements Release for the year 2017</b></p> <p class="hugin"><b class="hugin">Direct telephone numbers&#58;</b></p> <p class="hugin">BE&#58; +3224040635<br class="hugin">DK&#58; +45 823 331 78<br class="hugin">FI&#58; +358981710495<br class="hugin">UK&#58; +442031940552<br class="hugin">SE&#58; +46856642702<br class="hugin">US&#58; +18557161597<br class="hugin">NO&#58; +4723500211<br class="hugin">FR&#58; +33170750725</p> <p class="hugin"><b class="hugin">International telephone numbers with a pin code 96876807#</b></p> <p class="hugin">AU&#58; +61 29253 5844<br class="hugin">AT&#58; +43 19282 258<br class="hugin">CH&#58; +41 44580 0083<br class="hugin">CN&#58; +86 400 681 5421<br class="hugin">DE&#58; +49 030 221 510 067<br class="hugin">ES&#58; +34 911 143 608<br class="hugin">HK&#58; +852 3068 9834<br class="hugin">IN&#58; 0018038524634 (Toll Free)<br class="hugin">IR&#58; +353 1696 8154<br class="hugin">IT&#58; +39 2 3604 6798<br class="hugin">JP&#58; +81 3 4455 9554<br class="hugin">NL&#58; +31 20 716 8427<br class="hugin">SP&#58; +65 6307 7610</p> <p class="hugin"><b class="hugin">For more information, please contact&#58;</b></p> <p class="hugin"><b class="hugin">UPM, Investor Relations</b><br class="hugin">Mon-Fri from 9&#58;00 to 16&#58;00 EET<br class="hugin">tel. +358 20 415 0033<br class="hugin"><a class="hugin" href="mailto&#58;ir@upm.com" target="_blank">ir@upm.com</a></p> <p class="hugin"><b class="hugin">UPM, Media Relations</b><br class="hugin">Mon-Fri from 9&#58;00 to 16&#58;00 EET<br class="hugin">tel. +358 40 588 3284<br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumption. Products are made of renewable and recyclable materials. The group employs around 19,300 people worldwide and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPMGlobal" target="_blank">Twitter</a> | <a class="hugin" href="http&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="http&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#c72b848f-2cb3-4c62-ac14-e72f6f391f59;L0|#0c72b848f-2cb3-4c62-ac14-e72f6f391f59|Investor news;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx

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