UPM Interim Report Q3 2018
Strong quarter sets a new benchmark for UPM’s performance
Q3 2018 highlights
- Sales grew by 6% to EUR 2,650 million (2,493 million in Q3 2017).
- Comparable EBIT increased by 20% to EUR 420 million (351 million).
- Sales prices increased in all business areas, outweighing the impact of higher input costs.
- Temporary operational issues in UPM Communication Papers and UPM Biorefining had a EUR 30 million negative impact.
- Operating cash flow was strong at EUR 434 million (486 million).
Q1-Q3 2018 highlights
- Comparable EBIT increased by 20% to EUR 1,109 million (926 million in Q1–Q3 2017).
- Sales prices increased in all business areas, outweighing the impact of higher input costs and unfavourable currency exchange rates.
- UPM paid a dividend of EUR 613 million.
- Net debt decreased to EUR 4 million (623 million).
- UPM initiated focused investments in Germany, Finland and China, to grow in the attractive release liner segments.
Each of our seven 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.
|Comparable EBIT, EURm||91||116|
|% of sales||28.8||32.7|
|Capital employed (average), EURm||2,267||2,340|
|Comparable ROCE, %||4.0||5.0|
|Personnel on 31 December||60||71|
|Comparable EBIT, EURm||136||133|
|% of sales||9.1||9.3|
|Capital employed (average), EURm||502||524|
|Comparable ROCE, %||27.2||25.5|
|Personnel on 31 December||3,186||3,062|
|Comparable EBIT, EURm||152||123|
|% of sales||11.4||9.6|
|Capital employed (average), EURm||885||1,012|
|Comparable ROCE, %||17.2||12.1|
|Personnel on 31 December||1,949||1,984|
|Comparable EBIT, EURm||231||280|
|% of sales||5.0||5.8|
|Capital employed (average), EURm||1,702||1,964|
|Comparable ROCE, %||13.6||14.3|
|Cash flow / Capital employed, %||24.3||31.0|
|Personnel on 31 December||8,252||8,664|
|Comparable EBIT, EURm||62||58|
|as % of sales||12.8||13.2|
|Capital employed (average), EURm||267||259|
|Comparable ROCE, %||23.1||22.6|
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