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UPM Q3 2019 Interim Report was published 24 October

You’re welcome to listen to UPM’s recorded webcast via the link below.

UPM Interim Report 2019: 
UPM reports good performance and strong financial position - Uruguay decision drives significant future earnings growth

Q3 2019 highlights

  • Sales decreased by 6% to EUR 2,493 million (2,650 million in Q3 2018)
  • Comparable EBIT decreased by 19% to EUR 342 million (420 million)
  • Sales prices decreased in pulp, outweighing the impact of lower variable costs in all business areas
  • UPM announced the transformative investment in Uruguay for significant future earnings growth, and further plans to safeguard competitiveness in UPM Communication Papers
  • Operating cash flow increased to EUR 500 million (405 million)
  • Net debt decreased to EUR -2 million (4 million)

Q1-Q3 2019 highlights

  • Sales grew by 1% to EUR 7,791 million (7,752 million in Q1–Q3 2018)
  • Comparable EBIT decreased by 4% to EUR 1,061 million (1,109 million)
  • Operating cash flow increased to EUR 1,256 million (947 million) 
  • In July, UPM announced a USD 2.7 billion investment in a 2.1 million tonne eucalyptus pulp mill near Paso de los Toros, Uruguay 
  • In July, UPM closed paper machine 10 at UPM Plattling, Germany 
  • In September, UPM announced plans to close paper machine 2 at UPM Rauma, Finland, to sell UPM Chapelle newsprint mill in Grand-Couronne, France and to establish a new Business Services Hub in Wroclaw, Poland
 
 

 
 

UPM Investor Presentation 2019

 

Value from Responsibility 2019

 

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.

 
 

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