Profit

Creating value to shareholders

UPM aims for continuous improvement in its financial performance through the right operating model, performance culture, continuous improvement programmes and effective capital allocation. Our targets for 2030 related to performance focus on continuous improvement, top performance in each business area and strong balance sheet.

Profit KPI	Contribution to the SDGs	2030 target	2023 results
Comparabe EBIT	SDG Target 8.2	Comparabe EBIT growth through focused top-line growth and margin expansion (continuous)	52% decrease to EUR 1,013 million
Comparable ROE	SDG Target 8.2	10% (continuous)	10%
Net debt/EBITDA	SDG Target 8.2	2 times or less (continuous)	1.55 times

Profit KPI	Contribution to the SDGs	2030 target	2022 results
Comparabe EBIT	SDG Target 8.2	Comparabe EBIT growth through focused top-line growth and margin expansion (continuous)	42% increase to EUR 2,096 million
Comparable ROE	SDG Target 8.2	10% (continuous)	14%
Net debt/EBITDA	SDG Target 8.2	2 times or less (continuous)	0.94 times

Profit targets	Contribution to the SDGs	2021 results
Comparabe EBIT growth through focused top-line growth and margin expansion	SDG Target 8.2	Comparable EBIT increased by 55% to EUR 1,471 million
Comparable ROE: 10%	SDG Target 8.2	Comparable ROE was 11.7%
Net debt/EBITDA: 2 times or less	SDG Target 8.2	Net debt/EBITDA was 0.35 times

Interactive analyst tool

Interactive Analyst tool allows you to compare UPM's financial figures through an intuitive and easy to use charting function.

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