UPM-Kymmene Corporation Stock Exchange Release 25 October 2016 at 9:30 EET
Interim report Q3/2016:
Performance improvement continued into second half of 2016 - excellent, seasonally strong Q3
Q3 2016 highlights
Comparable EBIT increased by 31% to EUR 314 million (240 million).
Growth projects contributed significantly to earnings, driving delivery growth in UPM Biorefining, UPM Raflatac and UPM Specialty Papers.
UPM Paper ENA results were seasonally strong, with high operational efficiency and exceptionally low fixed costs.
Cost-efficiency measures continued on a strong track.
Record strong operating cash flow at EUR 506 million (363 million).
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