UPM Interim Report Q3 2018 was published on 24 October
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WEBCASTUPM 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.
| 2017 | 2016 | |
| Sales, EURm | 2,531 | 2,206 |
| Comparable EBIT, EURm | 587 | 406 |
| % of sales | 23.2 | 18.4 |
| Capital employed (average), EURm | 3,225 | 3,231 |
| Comparable ROCE , % | 18.2 | 12.6 |
| Personnel on 31 December | 2,628 | 2,630 |
UPM Pulp UPM Timber UPM Biofuels
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2017 | 2016 |
| Sales, EURm | 317 | 357 |
| 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 |
| 2017 | 2016 | |
| Sales, EURm | 1,495 | 1,437 |
| 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 |
| 2017 | 2016 | |
| Sales, EURm | 1,336 | 1,273 |
| 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 |
| 2017 | 2016 | |
| Sales, EURm | 4,615 | 4.818 |
| 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 |
| 2017 | 2016 | |
| Sales, EURm | 484 | 444 |
| Comparable EBIT, EURm | 62 | 58 |
| as % of sales | 12.8 | 13.2 |
| Capital employed (average), EURm | 267 | 259 |
| Comparable ROCE, % | 23.1 | 22.6 |
| Personnel 31.12 | 2,454 | 2,469 |
| 2017 | 2016 | |
| Sales, EURm | 281 | 285 |
| Comparable EBIT, EURm | 51 | 14 |
| Capital employed (average), EURm | 1,465 | 1,541 |
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