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UPM Interim Report Q1 2019:
UPM continues to grow sales and earnings

Q1 2019 highlights

Sales grew by 7% to EUR 2,693 million (2,512 million in Q1 2018)
Comparable EBIT increased by 5% to EUR 374 million (355 million)
Sales prices were higher, outweighing the impact of increased variable costs
Operating cash flow increased to EUR 320 million (214 million)
Net debt decreased to EUR –5 million (41 million)
UPM announced a plan to close paper machine 10 at UPM Plattling, Germany

UPM Interim Report Q1 2019

UPM Interim Report Q1 2019, CEO presentation

UPM Investor Presentation 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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	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

	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

UPM half-year financial report 2019 will be published 23 July

UPM Interim Report Q1 2019: UPM continues to grow sales and earnings