(UPM, Helsinki, 1 September 2016 at 17:00 EET) - UPM's Capital Markets Day, held today in London, focused on the company's strategy, transformation and growth opportunities.
"UPM has successfully implemented a major transformation in the past years. UPM today has a strong business model with six agile businesses, disciplined capital allocation and an industry-leading balance sheet. Thanks to the business model, we have been able to allocate investments efficiently with high returns and achieve clear growth in most of our businesses. Simultaneously, we have significantly improved our financial performance," says UPM's President and CEO Jussi Pesonen.
"UPM's businesses are competitive, they have strong market position and they operate mostly on healthily growing markets. We are well-positioned to capture attractive growth opportunities also in the coming years."
"Our strong cash flow enables both focused growth investments and attractive distribution to shareholders. Strong balance sheet gives us opportunity to accelerate business portfolio transformation through mergers and acquisitions, when the opportunity and timing are right. UPM aims to maintain a strong balance sheet in all considerations."
All the presentations and webcast recordings of UPM's Capital Markets Day are available on UPM's web site.
For further information, please contact:
Tapio Korpeinen, Chief Financial Officer, UPM, Tel. +358 204 150 004
Mika Mikkola, Vice President, IR, UPM, tel. +358 40 595 3202
UPM, Investor Relations
Mon-Fri from 9:00 to 16:00 EET
tel. +358 20 415 0033
UPM, Media Relations
tel. +358 40 588 3284
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 ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,600 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