UPM Q1 2019 Interim Report was published 26 April
You’re welcome to listen to UPM’s recorded webcast via the link below.
UPM Interim Report Q1 2019:
UPM continues to grow sales and earnings
Q1 2019 highlights
- Sales grew by 7% to EUR 2,693 million (2,512 million in Q1 2018)
- Comparable EBIT increased by 5% to EUR 374 million (355 million)
- Sales prices were higher, outweighing the impact of increased variable costs
- Operating cash flow increased to EUR 320 million (214 million)
- Net debt decreased to EUR –5 million (41 million)
- UPM announced a plan to close paper machine 10 at UPM Plattling, Germany
Each of our six business areas has a clearly defined strategic role in UPM. Our businesses are varied but they all are united by our Biofore vision, and a single sense of purpose: to create value to our customers in a responsible and sustainable manner.
| 2018 | 2017 | |
| Sales, EURm | 2,892 | 2,531 |
| Comparable EBIT, EURm | 847 | 587 |
| % of sales | 29.3 | 23.2 |
| Capital employed (average), EURm | 3,180 | 3,225 |
| Comparable ROCE , % | 18.2 | 18.2 |
| Personnel on 31 December | 2,144 | 2,138 |
UPM Pulp UPM Timber UPM Biofuels
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2018 | 2017 |
| Sales, EURm | 391 | 317 |
| Comparable EBIT, EURm | 123 | 91 |
| % of sales | 31.5 | 28.8 |
| Capital employed (average), EURm | 2,346 | 2,267 |
| Comparable ROCE, % | 5.3 | 4.0 |
| Personnel on 31 December | 53 | 50 |
| 2018 | 2017 | |
| Sales, EURm | 1,488 | 1,495 |
| Comparable EBIT, EURm | 126 | 136 |
| % of sales | 8.5 | 9.1 |
| Capital employed (average), EURm | 535 | 502 |
| Comparable ROCE, % | 23.6 | 27.2 |
| Personnel on 31 December | 3,084 | 3,036 |
| 2018 | 2017 | |
| Sales, EURm | 1,429 | 1,336 |
| Comparable EBIT, EURm | 90 | 152 |
| % of sales | 6.3 | 11.4 |
| Capital employed (average), EURm | 889 | 885 |
| Comparable ROCE, % | 10.1 | 17.2 |
| Personnel on 31 December | 1,897 | 1,849 |
| 2018 | 2017 | |
| Sales, EURm | 4,690 | 4,615 |
| Comparable EBIT, EURm | 267 | 231 |
| % of sales | 5.7 | 5.0 |
| Capital employed (average), EURm | 1,602 | 1,702 |
| Comparable ROCE, % | 16.7 | 13.6 |
| Cash flow / Capital employed, % | 15.3 | 24.3 |
| Personnel on 31 December | 7,333 | 7,642 |
| 2018 | 2017 | |
| Sales, EURm | 480 | 484 |
| Comparable EBIT, EURm | 52 | 62 |
| as % of sales | 10.8 | 12.8 |
| Capital employed (average), EURm | 283 | 267 |
| Comparable ROCE, % | 18.4 | 23.1 |
| Personnel 31.12 | 2,390 | 2,357 |
| 2018 | 2017 | |
| Sales, EURm | 326 | 281 |
| Comparable EBIT, EURm | 380 | 51 |
| Capital employed (average), EURm | 1,392 | 1,465 |
