UPM INTERIM REPORT 1 JANUARY - 31 MARCH 2012


UPM’s Q1 profitability improved on Q4, strong operating cash flow continued.
H1 2012 operating profit estimated slightly above of H2 2011. 


Q1/2012

Earnings per share excluding special items were EUR 0.22 (0.32), and reported EUR 0.22 (0.33). EBITDA was EUR 347 million, 13.4% of sales (379 million, 16.1% of sales). Variable costs decreased and the Myllykoski cost synergies started to be visible. Operating cash flow was EUR 210 million (166 million), net debt reduced by EUR 136 million from Q4 2011. Read more >>

 

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