UPM Financial Statements Release for 2018 has been published on 31 January
You’re welcome to listen to UPM's recorded results webcast via the link below.
WEBCASTUPM Financial Statements Release 2018:
UPM delivered record earnings in 2018 – in a strong position for 2019
Q4 2018 highlights
- Sales grew by 6% to EUR 2,731 million (2,571 million in Q4 2017)
- Comparable EBIT increased by 10% to EUR 404 million (366 million)
- Sales prices increased in all business areas, outweighing the impact of higher input costs
- Operating cash flow was strong at EUR 420 million (407 million)
- Net debt decreased to EUR –311 million (174 million)
- UPM increased the fair value of its forest assets in Finland by EUR 345 million, mainly due to higher forest growth estimates
- UPM Jämsänkoski release liner expansion in Finland was completed
2018 highlights
- Sales grew by 5% to EUR 10,483 million (10,010 million in 2017)
- Comparable EBIT increased by 17% to EUR 1,513 million (1,292 million)
- Sales prices increased in all business areas, outweighing the impact of higher input costs and unfavourable currency exchange rates
- Operating cash flow was EUR 1,391 million (1,558 million), held back by an increase in working capital
- The Board proposes a dividend of EUR 1.30 (1.15) per share, an increase of 13% from previous year
- 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.
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
|
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 |
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