UPM reaches one hundred years of stock exchange listingInvestor news 1.9.2015 13:00 EEST
(UPM, Helsinki, 1 September 2015) – UPM’s journey at the stock market started one hundred years ago. UPM's predecessor companies Aktiebolaget Walkiakoski and Kymmene Ab were listed on the Helsinki Stock Exchange in August-September 1915. The listing is a significant example of Finnish industrialisation and economic growth as the First World War created a boom for the Finnish industry. Forest industry companies wanted to grow quickly and get additional funding for investments. Many significant Finnish forest industry companies such as Kymi, United Paper Mills, Kaukas, Kajaani, Schauman, Rosenlew, Raf. Haarla and Rauma-Repola have been merged into the UPM Group along the years.
UPM today is a global bio and forest industry company offering products made of renewable materials and low-emission energy. With good performance in the businesses, strong cash flow, and leading balance sheet in the industry, UPM can simultaneously distribute an attractive dividend, implement focused growth projects and act on strategic opportunities.
“Investors are always interested in how the company is creating value now and in the future. We create sustainable solutions and many of them replace non-renewable materials. We focus on growing and renewing our businesses and developing new products. The most recent example is renewable wood-based diesel launched in May”, says Mika Mikkola, Vice President, Investor Relations.
Interest in the company in transformation has continued. UPM's share is one of the most traded shares in the Helsinki Stock Exchange. It has a wide, 67 percent foreign ownership, while it has maintained a strong domestic private ownership. UPM has approximately 86,000 shareholders in Finland.
Mika Mikkola, Vice President, Investor Relations, tel. +358 40 595 3202
Through the renewing of the
bio and forest industries, UPM is building a sustainable future across six
business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM
Paper Europe and North America and UPM Plywood. Our products are made of
renewable raw materials and are recyclable. We serve our customers worldwide.
The group employs around 20,000 people and its annual sales are approximately
EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM – The Biofore
Company – www.upm.com