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UPM Q3 2020 Interim Report was published on 27 October

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

UPM Interim Report Q3 2020:
Driving performance and transformative projects under highly exceptional circumstances

Q3 2020 highlights

  • Sales decreased by 19% to EUR 2,028 million (2,493 million in Q3 2019) due to lower deliveries of graphic papers and lower pulp and paper prices
  • Comparable EBIT was EUR 215 million, 10.6% of sales (342 million, 13.7%), down 37% year-over-year 
  • Operating cash flow was EUR 365 million (500 million) 
  • Successful health and safety measures enabled uninterrupted business operations and progress in transformative growth projects
  • Some normalization of the COVID-19-related demand impacts, both positive and negative, in graphic papers and in labelling materials and specialty papers
  • Closures of UPM Chapelle paper mill and UPM Jyväskylä plywood mill
  • Announced the closure of UPM Kaipola paper mill, plans for selling UPM Shotton paper mill and streamlining in several businesses and functions

Q1-Q3 2020 highlights

  • Sales decreased by 18% to EUR 6,392 million (7,791 million in Q1–Q3 2019) due to lower deliveries of graphic papers and lower pulp and paper prices
  • Comparable EBIT was EUR 697 million, 10.9% of sales (1,061 million, 13.6%), down 34% year-over-year 
  • Operating cash flow was EUR 659 million (1,256 million) 
  • Net debt was EUR 89 million (-2 million) 
  • Cash funds and unused committed credit facilities totalled EUR 2.3 billion at the end of September 
  • The COVID-19 containment measures significantly decreased demand for graphic papers, while demand for labelling materials and specialty papers increased during the lockdowns 
  • UPM's transformative pulp project in Uruguay and biochemicals project in Germany are well on track with the planned start-up timeline
 
 

 
 

UPM Investor Presentation 2020

 

Value from Responsibility

 

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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