UPM is aiming higher in its financial performance
Top performance drives value creation and mitigates risk related to the business environment. Is also enables investments in growth, innovation and responsibility.
- Business areas target attractive long-term returns (ROCE %), which apply over investment and business cycles and enables value-creating growth investments.
At the group level, UPM is targeting comparable EBIT growth.
UPM aims to maintain a strong balance sheet. UPM’s financial policy on leverage is based on net debt/EBITDA ratio approximately 2 or less.
UPM aims for a 10% return on equity. ROE also takes into account the financing, taxation and capital structure of the group.
UPM aims to pay an attractive dividend: 30-40% of the company's annual operating cash flow per share.