Interim report 3rd quarter Performance improvement continued into second half of 2016 excellent seasonally strong Q3

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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