All news

 

 

Interim report Q2/2016: UPM's comparable EBIT increased by 21%, cash flow reaching new highsMari Hirvi, UPM2016-07-26T06:15:00Z<p><strong>​​​​</strong><span style="line-height&#58;1.4;"><strong>Interim report Q2/2016&#58;</strong></span></p><p><strong>UPM's comparable EBIT increased by 21%, cash flow reaching new highs</strong></p><p><strong>Q2 2016 highlights</strong></p><ul class="hugin" style="box-sizing&#58;border-box;line-height&#58;2.2rem;margin-bottom&#58;20px;padding-left&#58;20px;color&#58;#666666;"><li><p>Comparable EBIT increased by 21% to EUR 264 million (219 million).</p></li><li><p>Growth projects contributed to earnings, driving delivery growth in UPM Biorefining, UPM Raflatac and UPM Paper Asia.</p></li><li><p>Cost-efficiency measures continued on a strong track, variable and fixed costs decreased significantly.</p></li><li><p dir="ltr" style="text-align&#58;left;">Ope​rating cash flow was strong at EUR 434 million (324 million).</p></li></ul><p><strong>H1 2016 highlights</strong></p><ul class="hugin" style="box-sizing&#58;border-box;line-height&#58;2.2rem;margin-bottom&#58;20px;padding-left&#58;20px;color&#58;#666666;"><li><p>Comparable EBIT increased by 27% to EUR 545 million (429 million).</p></li><li><p>Operating cash flow increased to EUR 775 million (432 million).</p></li><li><p>Net debt decreased to EUR 1,876 million (2,635 million), and gearing to 24% (35%).</p></li><li><p>UPM sold the Schwedt newsprint mill in Germany in July and closed the Madison SC paper mill in the US in May.</p></li><li><p>In July, UPM announced expansion of the UPM Kymi pulp mill capacity to 870,000 tonnes, continuing its focused growth investments.</p></li></ul><table cellpadding="0" cellspacing="0" class="hugin" style="box-sizing&#58;border-box;padding-bottom&#58;0px;margin-bottom&#58;15px;line-height&#58;1.8rem;border-style&#58;none;"><tbody class="hugin" style="box-sizing&#58;border-box;padding-bottom&#58;0px;"><tr class="hugin" style="box-sizing&#58;border-box;padding-bottom&#58;0px;"><td bgcolor="#F2F2F2" class="hugin" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p><strong>Key figures</strong></p></td><td align="center" bgcolor="#F2F2F2" class="hugin" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>Q2/2016</p></td><td align="center" bgcolor="#F2F2F2" class="hugin" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>Q2/2015</p></td><td align="center" bgcolor="#F2F2F2" class="hugin" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>Q1/2016</p></td><td align="center" bgcolor="#F2F2F2" class="hugin" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>Q1-Q2/2016</p></td><td align="center" bgcolor="#F2F2F2" class="hugin" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>Q1-Q2/2015</p></td><td align="center" bgcolor="#F2F2F2" class="hugin" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>Q1-Q4/2015</p></td></tr><tr class="hugin" style="box-sizing&#58;border-box;padding-bottom&#58;0px;"><td bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>Sales, EURm</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>2,445</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>2,548</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>2,446</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>4,891</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>5,034</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>10,138</p></td></tr><tr class="hugin" style="box-sizing&#58;border-box;padding-bottom&#58;0px;"><td bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>Comparable EBITDA, EURm</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>385</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>317</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>403</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>788</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>642</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>1,350</p></td></tr><tr class="hugin" style="box-sizing&#58;border-box;padding-bottom&#58;0px;"><td bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>&#160; % of sales</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>15.8</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>12.4</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>16.5</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>16.1</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>12.8</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>13.3</p></td></tr><tr class="hugin" style="box-sizing&#58;border-box;padding-bottom&#58;0px;"><td bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>Operating profit, EURm</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>262</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>206</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>277</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>539</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>409</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>1,142</p></td></tr><tr class="hugin" style="box-sizing&#58;border-box;padding-bottom&#58;0px;"><td bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>Comparable EBIT, EURm</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>264</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>219</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>281</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>545</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>429</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>916</p></td></tr><tr class="hugin" style="box-sizing&#58;border-box;padding-bottom&#58;0px;"><td bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>&#160; % of sales</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>10.8</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>8.6</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>11.5</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>11.1</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>8.5</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>9.0</p></td></tr><tr class="hugin" style="box-sizing&#58;border-box;padding-bottom&#58;0px;"><td bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>Profit before tax, EURm</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>250</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>182</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>263</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>513</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>363</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>1,075</p></td></tr><tr class="hugin" style="box-sizing&#58;border-box;padding-bottom&#58;0px;"><td bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>&#160; Comparable profit before tax, EURm</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>252</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>195</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>267</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>519</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>383</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>849</p></td></tr><tr class="hugin" style="box-sizing&#58;border-box;padding-bottom&#58;0px;"><td bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>Profit for the period, EURm</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>198</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>160</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>227</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>425</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>315</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>916</p></td></tr><tr class="hugin" style="box-sizing&#58;border-box;padding-bottom&#58;0px;"><td bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>Comparable profit for the period, EURm</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>200</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>170</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>225</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>425</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>330</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>734</p></td></tr><tr class="hugin" style="box-sizing&#58;border-box;padding-bottom&#58;0px;"><td bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>Earnings per share (EPS), EUR</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>0.37</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>0.30</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>0.43</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>0.80</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>0.59</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>1.72</p></td></tr><tr class="hugin" style="box-sizing&#58;border-box;padding-bottom&#58;0px;"><td bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>&#160; Comparable EPS, EUR</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>0.37</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>0.32</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>0.42</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>0.79</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>0.62</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>1.38</p></td></tr><tr class="hugin" style="box-sizing&#58;border-box;padding-bottom&#58;0px;"><td bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>Return on equity (ROE), %</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>10.1</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>8.3</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>11.4</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>10.9</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>8.3</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>11.9</p></td></tr><tr class="hugin" style="box-sizing&#58;border-box;padding-bottom&#58;0px;"><td bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>Comparable ROE, %</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>10.2</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>8.8</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>11.3</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>10.9</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>8.7</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>9.5</p></td></tr><tr class="hugin" style="box-sizing&#58;border-box;padding-bottom&#58;0px;"><td bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>Return on capital employed (ROCE), %</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>9.9</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>7.3</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>9.9</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>10.0</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>7.2</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>10.3</p></td></tr><tr class="hugin" style="box-sizing&#58;border-box;padding-bottom&#58;0px;"><td bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>Comparable ROCE, %</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>10.0</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>7.8</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>10.1</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>10.1</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>7.6</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>8.3</p></td></tr><tr class="hugin" style="box-sizing&#58;border-box;padding-bottom&#58;0px;"><td bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>Operating cash flow, EURm</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>434</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>324</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>341</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>775</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>432</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>1,185</p></td></tr><tr class="hugin" style="box-sizing&#58;border-box;padding-bottom&#58;0px;"><td bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>Operating cash flow per share, EUR</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>0.81</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>0.61</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>0.64</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>1.45</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>0.81</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>2.22</p></td></tr><tr class="hugin" style="box-sizing&#58;border-box;padding-bottom&#58;0px;"><td bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>Equity per share at end of period, EUR</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>14.36</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>14.30</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>14.94</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>14.36</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>14.30</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>14.89</p></td></tr><tr class="hugin" style="box-sizing&#58;border-box;padding-bottom&#58;0px;"><td bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>Capital employed at the end of period, EURm</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>10,403</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>11,012</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>11,000</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>10,403</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>11,012</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>11,010</p></td></tr><tr class="hugin" style="box-sizing&#58;border-box;padding-bottom&#58;0px;"><td bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>Net interest-bearing liabilities at end of period, EURm</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>1,876</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>2,635</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>1,873</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>1,876</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>2,635</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>2,100</p></td></tr><tr class="hugin" style="box-sizing&#58;border-box;padding-bottom&#58;0px;"><td bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>Gearing ratio at end of period, %</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>24</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>35</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>23</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>24</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>35</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>26</p></td></tr><tr class="hugin" style="box-sizing&#58;border-box;padding-bottom&#58;0px;"><td bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>Personnel at the end of period</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>20,711</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>20,900</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>19,870</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>20,711</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>20,900</p></td><td align="right" bgcolor="#F2F2F2" class="hugin" valign="bottom" style="box-sizing&#58;border-box;padding&#58;6px;border-style&#58;none;"><p>19,578</p></td></tr></tbody></table><p><strong>Jussi Pesonen, President and CEO, comments on the Q2 result&#58;</strong></p><p>&quot;The first half of 2016 gives further evidence that we are on the right track. We have a strong business model with six agile businesses, efficient capital allocation and an industry-leading balance sheet. For the future, this ensures good opportunities for focused investments in growth, continued strong cash flow and an attractive dividend.</p><p>In the second quarter, our growth projects and cost-efficiency measures continued to deliver and our comparable EBIT grew by 21% year-on-year. Cash flow strengthened even further and cumulatively reached a record of EUR 1.5 billion over the past 12 months. By the end of the quarter, our net debt was EUR 759 million lower than a year ago.</p><p>UPM businesses enjoyed mostly favourable market demand during the quarter. We are responding to the market demand with timely growth investments in UPM Biorefining, UPM Paper Asia, UPM Raflatac and UPM Plywood. At the same time, we are taking good care of our cost efficiency and the cost take-outs continue on the previous track. This is evident in our improved performance.</p><p>UPM Paper ENA was successful in releasing cash by improving profitability, reducing working capital and selling assets, in line with its role. In UPM Energy, the advantageous hedges from previous years have now largely rolled over and the profitability is on a competitive level despite the current market situation.</p><p>Going forward we have several growth projects in the pipeline. We are continuing to ramp up production at the new UPM Changshu speciality paper machine, as well as the Lappeenranta biorefinery, following its maintenance shutdown in Q2. Ongoing projects in the Otepää plywood mill in Estonia and UPM Kaukas pulp mill in Finland will be finalised by the end of the year. In July, we announced a EUR 98 million expansion investment in the UPM Kymi pulp mill in Finland. After this project we will have increased our total annual pulp production capacity by more than 500,000 tonnes since 2013, with low investment cost. We are also considering prospects for long-term development in Uruguay.&quot;</p><p><strong>Outlook for 2016</strong></p><p>UPM's profitability improved in 2015 and the improvement is expected to continue in 2016. The business performance is underpinned by the company's growth projects and continuous cost efficiency measures.</p><p>UPM's growth projects are expected to contribute positively to the company's earnings in 2016, compared with 2015. UPM continues its measures to reduce variable and fixed costs in 2016. Currencies are expected to contribute positively as hedges roll over, assuming relevant currencies stay at the same level as at the end of 2015.</p><p><strong>Webcast and press conference</strong></p><p>UPM's President and CEO Jussi Pesonen will present the results in a webcast and a conference call for analysts and investors, held in English language, today at 13&#58;15 EET.</p><p>Later in the afternoon, Jussi Pesonen will present the results in a press conference held in Finnish language at the UPM Group Head Office (The Biofore House) in Helsinki, Alvar Aallon katu 1, at 14&#58;30 EET.</p><p><strong>Webcast and conference call details&#58;</strong></p><p>The conference call can be participated in either by dialling a number in the list below or following the webcast online at&#160;<a href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a>&#160;or through&#160;<a href="https&#58;//upm.videosync.fi/2016-07-26-q2" target="_blank">this link</a>.</p><p>Only participants who wish to ask questions in the conference call need to dial in. All participants can view the webcast presentation online. We recommend that participants start dialling in 5-10 minutes prior to ensure a timely start of the webcast.</p><p>The presentation is available at&#160;<a href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a>&#160;for 12 months after the call.</p><p>Conference call title&#58;&#160;<strong>UPM Interim Report for January - June 2016</strong></p><table cellpadding="0" cellspacing="0" class="hugin ms-rteTable-0" style="box-sizing&#58;border-box;height&#58;596px;"><tbody class="hugin" style="box-sizing&#58;border-box;padding-bottom&#58;0px;"><tr class="hugin ms-rteTableEvenRow-0" style="box-sizing&#58;border-box;"><td class="hugin ms-rteTableEvenCol-0" style="box-sizing&#58;border-box;"><p><strong>Direct telephone numbers&#58;</strong></p><div>​BE&#58; +3224040635</div><div><br></div><div>​DK&#58; +45 823 331 78</div><div><br></div><div>​FI&#58; +358981710495</div><div><br></div><div>​FR&#58; +33170750712</div><div><br></div><div>​UK&#58; +442031940552</div><div><br></div><div>​NO&#58; +4723500211</div><div><br></div><div>​SE&#58; +46856642702​​​</div><div><br></div><div>​US&#58; +18557161597​​</div><div><br></div></td></tr><tr class="hugin ms-rteTableOddRow-0" style="box-sizing&#58;border-box;"><td class="hugin ms-rteTableEvenCol-0" rowspan="1" style="box-sizing&#58;border-box;">​<strong style="line-height&#58;18.2px;">International telephone numbers with a pin code 82596777#<br></strong>​</td></tr><tr class="hugin ms-rteTableEvenRow-0" style="box-sizing&#58;border-box;"><td class="hugin ms-rteTableEvenCol-0" rowspan="1" style="box-sizing&#58;border-box;"><span style="line-height&#58;18.2px;">AU&#58; +61 (0) 284058555</span><br><br>​<span style="line-height&#58;1.3em;background-color&#58;transparent;">AT&#58; +43 (0) 19287909</span><div><br></div><div>CH&#58; +41 (0) 445831883</div><div><br></div><div>CN&#58; +86 4006815487</div><div><br></div><div>DE&#58; +49 (0) 6922224998</div><div><br></div><div>ES&#58; +34 914146225</div><div><br></div><div>HK&#58; +852 30600228</div><div><br></div><div>IN&#58; 0018038524627</div><div><br></div><div>IR&#58; +353 (0) 12475065</div><div><br></div><div>IT&#58; +39 (0) 236010935</div><div><br></div><div>JP&#58; +81 (0) 344559575</div><div><br></div><div>NL&#58; +31 (0) 207133412</div><div><br></div><div>SP&#58; +65 64298388</div><div><br></div></td></tr></tbody></table><p>**</p><p>It should be noted that certain statements herein, which are not historical facts, including, without limitation, those regarding expectations for market growth and developments; expectations for growth and profitability; and statements preceded by &quot;believes&quot;, &quot;expects&quot;, &quot;anticipates&quot;, &quot;foresees&quot;, or similar expressions, are forward-looking statements. Since these statements are based on current plans, estimates and projections, they involve risks and uncertainties which may cause actual results to materially differ from those expressed in such forward-looking statements. Such factors include, but are not limited to&#58; (1) operating factors such as continued success of manufacturing activities and the achievement of efficiencies therein including the availability and cost of production inputs, continued success of product development, acceptance of new products or services by the Group's targeted customers, success of the existing and future collaboration arrangements, changes in business strategy or development plans or targets, changes in the degree of protection created by the Group's patents and other intellectual property rights, the availability of capital on acceptable terms; (2) industry conditions, such as strength of product demand, intensity of competition, prevailing and future global market prices for the Group's products and the pricing pressures thereto, financial condition of the customers and the competitors of the Group, the potential introduction of competing products and technologies by competitors; and (3) general economic conditions, such as rates of economic growth in the Group's principal geographic markets or fluctuations in exchange and interest rates. The main earnings sensitivities and the group's cost structure are presented on page 18 of the 2015 Annual Report. Risks and opportunities are discussed on pages 17-18 and risks and risk management are presented on pages 84-86 of the report.</p><p>**</p><p>UPM-Kymmene Corporation<br>Pirkko Harrela<br>Executive Vice President, Stakeholder Relations</p><p>UPM, Media Relations&#160;<br>9.00-16.00 EET<br>tel. +358 40 588 3284&#160;<br><a href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p><p><strong>UPM</strong><br>Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM Paper Europe and North America and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,600 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company -&#160;<a href="http&#58;//www.upm.com/" target="_blank">www.upm.com</a></p><p>Follow UPM on&#160;<a href="http&#58;//www.twitter.com/UPM_News" target="_blank">Twitter</a>&#160;|&#160;<a href="http&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a>&#160;|&#160;<a href="http&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a>&#160;|&#160;<a href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a>&#160;|&#160;<a href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a>&#160;|&#160;<a href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p><p><a href="http&#58;//hugin.info/165629/R/2030588/755336.pdf" target="_blank">UPM Interim Report Q2​ 2016</a>​</p>GP0|#b069b3e5-d676-481e-9285-cfba1f966253;L0|#0b069b3e5-d676-481e-9285-cfba1f966253|Stock exchange release;GTSet|#5f3597d4-e212-42ee-96a2-2301e0ef108baspx
Paul & Co named top supplier once againIina Koukku, UPM2016-07-05T11:00:00Z<p><strong>The German paper core supplier ranked number one for the second time running in UPM’s supplier assessments. Close collaboration between the purchaser and the supplier stabilises the product quality and delivery reliability.</strong></p><p><strong><img src="/whats-new/all-news/PublishingImages/Paul_Co.JPG" alt="" style="margin&#58;5px 5px 5px 0px;" /></strong>&#160;<em>Paper core supplier Paul &amp; Co was named top packaging supplier of 2016. Christoph Schmitt (left) and Frank Bruns holding the certificate of honour. Pictured right Paul &amp; Co Sales Manager Herbert Nowak.</em></p><p>UPM Paper ENA and Paper Asia named Paul &amp; Co, the manufacturer of paper cores with 12 plants in Europe and Asia, the top-performing packaging supplier for the second year running. <strong>Frank Bruns</strong>, Purchasing Manager at UPM, presented the certificate of honour to <strong>Christoph Schmitt</strong>, Research and Development Manager at Paul &amp; Co, at the ‘drupa’ Fair in Düsseldorf, Germany in June.</p><p>The top ranking was no big surprise to either party, but even more delightful as the high standard of last year was&#160; kept. “Paul &amp; Co is a family business with high regard for customer satisfaction. It is evident in all their departments, and the company achieved high to excellent ranking in supply chain, quality, customer service and technical support”, says Bruns.&#160;&#160; </p><p>The paper core manufacturer is very familiar with paper customers’ requirements. “Our company has two paper mills, so as paper manufacturers ourselves, we know from experience that each and every core needs to rotate in the roll machine smoothly and inconspicuously”, says Schmitt. “We have put a lot of effort into details to keep the quality of our products uniform”, he continues.</p><p>UPM conducts regular supplier assessments of their strategically important suppliers. The assessments are meant to help the suppliers to develop their work methods and optimise the collaboration. The assessments are part of UPM’s ISO 9001 quality system. “This year, all assessed packaging suppliers improved their scores”, says Bruns.</p><p>The assessments provide plenty of detailed feedback that the suppliers use in different ways. Paul &amp; Co has applied the feedback received to production, among other things. “Feedback enables us to give more credit to the employees responsible for the production of UPM’s paper cores. They are not in close contact with the customers, which is why it is important for them to hear that the product they manufacture is considered high-quality, and they can also learn what aspects they can still improve upon. This knowledge makes the employees even more persistent and determined in the work they do to manufacture products that ‘their customer’ will be satisfied with. All this brings them closer to the customer”, says Schmitt.</p><p>Text by&#58; Helen Moster</p>GP0|#dbad3779-2074-48a0-bba1-0eb989e7b754;L0|#0dbad3779-2074-48a0-bba1-0eb989e7b754|Other news;GTSet|#5f3597d4-e212-42ee-96a2-2301e0ef108baspx
Sale of UPM Schwedt mill to LEIPA Georg Leinfelder GmbH finalisedRiikka Schenk, UPM2016-07-01T07:00:00Z<p>(UPM, Helsinki, 1 July 2016 at 9&#58;30 EET) – According to the agreement announced on 26 April 2016 the UPM Schwedt mill site and relevant assets have been transferred from UPM to LEIPA Georg Leinfelder GmbH on 1 July 2016.</p><p><strong>For further information please contact&#58;</strong><br><strong> </strong>UPM Paper ENA media contact&#58;<strong> </strong>Klaus Kohler, Manager Stakeholder Relations, <a href="mailto&#58;klaus.kohler@upm.com"><span lang="EN-US" style="text-decoration&#58;underline;">klaus.kohler@upm.com</span></a>, Tel. <span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">+49 821 3109-225<a title="Call&#58; +49 821 3109-225" href="#" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;"><img title="Call&#58; +49 821 3109-225" alt="" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;" /></a></span></p><p><strong>UPM, Media Relations </strong><br>9.00-16.00 EET<br> tel. <span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">+358 40 588 3284<a title="Call&#58; +358 40 588 3284" href="#" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;"><img title="Call&#58; +358 40 588 3284" alt="" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;" /></a></span> <br><a href="mailto&#58;media@upm.com"><span lang="EN-GB" style="text-decoration&#58;underline;">media@upm.com</span></a></p><font color="#000000" face="Times New Roman" size="3"> </font><p class="MsoNormal" style="margin&#58;0cm 0cm 0pt;-ms-text-autospace&#58;ideograph-numeric;"><strong><span style="font-family&#58;&quot;arial&quot;,sans-serif;font-size&#58;10pt;"><font color="#000000">Previous press release&#58;</font></span></strong></p><font color="#000000" face="Times New Roman" size="3"> </font><p class="MsoNormal" style="margin&#58;0cm 0cm 0pt;-ms-text-autospace&#58;ideograph-numeric;"><span lang="EN-GB"><a href="http&#58;//www.upmpaper.com/whats-new/all-news/Pages/UPM-sells-its-Schwedt-mill-to-LEIPA-Georg-Leinfelder-GmbH.aspx" target="_blank"><span lang="EN-US" style="font-family&#58;&quot;arial&quot;,sans-serif;font-size&#58;10pt;"><span style="text-decoration&#58;underline;"><font color="#0000ff">UPM sells its Schwedt mill to LEIPA Georg Leinfelder GmbH</font></span></span></a></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p>&#160;</p><p><strong>About UPM Paper ENA</strong><br>UPM Paper ENA (Europe &amp; North America) is the world’s leading producer of graphic papers, serving customers in Magazine Publishing &amp; Advertising, Merchants, Home &amp; Office, and Newspaper Publishing. A leader in sustainable and high performance papers, UPM Paper ENA’s production is located in Finland, Germany, the United Kingdom, France, Austria, and the United States. With headquarters in Germany, UPM Paper ENA employs approximately 9,500 people. To learn more about UPM Paper ENA visit&#58; <a href="http&#58;//www.upmpaper.com/" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">www.upmpaper.com</font></span></a><br>&#160;<br><strong>About UPM</strong><br>Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM Paper Europe and North America and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,600 people and its annual sales are approximately € 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM – The Biofore Company – <a href="http&#58;//www.upm.com/" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">www.upm.com</font></span></a>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</p><p><span lang="EN-GB" style="text-decoration&#58;underline;">Follow UPM on</span> <a href="https&#58;//twitter.com/UPM_News" target="_blank"><span lang="EN-US" style="text-decoration&#58;underline;">Twitter</span></a> | <a href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank"><span lang="EN-US" style="text-decoration&#58;underline;">LinkedIn</span></a> | <a href="https&#58;//www.facebook.com/UPMGlobal" target="_blank"><span lang="EN-US" style="text-decoration&#58;underline;">Facebook</span></a> | <a href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank"><span lang="EN-US" style="text-decoration&#58;underline;">YouTube</span></a> | <a href="https&#58;//www.instagram.com/upmbiofore/" target="_blank"><span lang="EN-US" style="text-decoration&#58;underline;">Instagram</span></a></p><font color="#000000" face="Times New Roman" size="3"> </font>GP0|#726d3076-8e03-438a-b7d1-4f87dbaef030;L0|#0726d3076-8e03-438a-b7d1-4f87dbaef030|Investor news;GTSet|#5f3597d4-e212-42ee-96a2-2301e0ef108baspx
UPM Paper ENA revamps super-calendared paper offering for North America Riikka Schenk, UPM2016-06-24T13:00:00Z<p>(Naperville, IL, June 24, 2016)&#160; UPM Paper ENA announces the expansion of SC products and basis weights available from its European mills specifically designed for the needs of the North American marketplace.&#160; </p><p>UPM has expanded the offering of low basis weights in SCA and SCA+ papers from its European mills.&#160; UPM Cat NA now includes 26 lb. in both offset and rotogravure, while the UPM Max G and UPM Max H product lines have been broadened to include 28 lb. and 30 lb.&#160; In addition, U.S. basis weights are now available in UPM Smart, a high-bright SCA++ paper that offers an excellent cost-savings alternative to lightweight coated papers.</p><p>All UPM SC papers are made at multiple mills to offer supply security and are available with PEFC or FSC certification.</p><p><strong>UPM Paper North America<br></strong>UPM Paper in North America provides a wide variety of printing paper options for magazines, catalogs, inserts, high-end advertising, direct mail, and more. We serve printer, distribution, and end-use customers from 16 modern paper mills located across Europe and the United States. Our extensive logistics infrastructure provides dependable importing, warehousing, and transportation to achieve exceptional on-time delivery. To learn more visit&#58; upm.com/na</p><p><strong>UPM</strong> leads the way in reforming bio and forest industries. We are building a sustainable future in six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM Paper Europe and North America and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve a global base of customers. The group employs around 19,600 people and its annual sales are approximately&#160;EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a href="http&#58;//www.upm.com/"><span lang="EN-GB" style="text-decoration&#58;underline;"><font color="#0066cc">www.upm.com</font></span></a></p><p>&#160;Contact&#58; Jennifer Wilkerson (<span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">443-394-7904<a title="Call&#58; 443-394-7904" href="/about-upm-paper/upm-in-north-america/north-american-news/Pages/UPM-introduces-improved-SCA-paper-UPM-Cat-NA-for-both-offset-and-rotogravure-printing-applications.aspx#" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;"></a></span>) <a href="mailto&#58;jennifer.s.wilkerson@upm.com"><span style="text-decoration&#58;underline;"><font color="#0066cc">jennifer.s.wilkerson@upm.com</font></span></a></p>GP0|#80f66fc0-c60d-4e2c-a1ed-b7e454bfdf4d;L0|#080f66fc0-c60d-4e2c-a1ed-b7e454bfdf4d|Press release;GTSet|#5f3597d4-e212-42ee-96a2-2301e0ef108baspx
UPM awarded Most Responsible Supplier by Lyreco PolandMari Hirvi, UPM2016-06-21T13:00:00Z<p>UPM has received the Most Responsible Supplier award at the Lyreco Supplier Day in Warsaw, Poland on May 19. The decision was based on three areas of evaluation&#58; Environmental protection, social responsibility and economic success.<img class="ms-rtePosition-2" alt="Lyreco Award 2016" src="http&#58;//assets-upmpaper.upm.com/images1/whats-new/News/Lyreco_award_2016_300x200.jpg" style="margin&#58;10px 15px 10px 0px;" /></p><p>The more detailed criteria included evaluations of the company’s eco products and ethical guidelines and how the company implements corporate social responsibility (CSR). Also the management systems for health and safety and environment-related issues as well as CSR were evaluated. </p><p>Lyreco is one of the largest providers of office supplies, including paper, in Europe. “We are really happy that our New Future product is being noticed and we are proud that the company’s operations in these areas have been appreciated”, says<strong> Emilia Pastorczyk</strong>, Sales Manager.</p><p><strong>New Future</strong> is a range of quality, high-performance, office papers for home and office print requirements. All New Future products carry the Responsible Fibre trademark, guaranteeing that the papers’ wood raw material meets the industry’s most demanding criteria. </p><p><em>Explore the world of Responsible Fibre and read more about New Future at the </em><a href="http&#58;//www.responsiblefibre.upm.com/"><strong><em><span style="text-decoration&#58;underline;"><font color="#0066cc">Responsible Fibre website</font></span></em></strong></a><em>.</em></p>GP0|#dbad3779-2074-48a0-bba1-0eb989e7b754;L0|#0dbad3779-2074-48a0-bba1-0eb989e7b754|Other news;GTSet|#5f3597d4-e212-42ee-96a2-2301e0ef108baspx
UPM sets ambitious responsibility targets for 2030Tarja Sammalkorpi, UPM2016-05-27T13:00:00Z<p><img class="ms-rtePosition-2" src="http&#58;//assets-upmpaper-edit.group.upm.com/images1/whats-new/News/2030-targets_300x169px.jpg" alt="" style="margin&#58;5px 5px 5px 0px;" />UPM has set new ambitious responsibility targets for 2030 in eleven focus areas that have been&#160; inspired by the UN sustainable development goals in economic, social and environmental dimensions and adapted to UPM activities.</p><p>These targets aim at achieving equality, mitigating climate change, developing biodiversity and last but not least, support an economy compatible with the environment.</p><p>Among the most challenging targets for 2030, let's highlight&#58;</p><ul><li>Zero process waste to landfills or to incineration without energy recovery. Over 90% of UPM's total process waste is currently recycled or recovered.</li></ul><ul><li>100 % of wood fibres used will be from certified sources. The certified fibre share in 2015 at UPM was 84 %. </li><li>30% reduction in fossil CO2 emissions from a 2008 baseline.</li><li>100 % of spend on UPM raw material to be qualified against UPM Supplier Code that includes social, ethic and environmental criteria.</li><li>All operations to have a certified OHS system by 2030</li></ul><p>The complete list of targets are presented in detail in the UPM Annual Report 2015, available in printed or digital versions. <a href="http&#58;//user-fudicvo.cld.bz/UPM-annual-report-2015/38-39" target="_blank">Link »</a></p><p>​</p>GP0|#22285ad8-e805-42dd-be23-025603ed4bd3;L0|#022285ad8-e805-42dd-be23-025603ed4bd3|Story;GTSet|#5f3597d4-e212-42ee-96a2-2301e0ef108baspx
The gifts of a healthy forestTarja Sammalkorpi, UPM2016-05-27T11:00:00Z<p>Sustainably managed forests don't only provide wood raw material for UPM products. They also deliver a great variety of benefits for the environment and society. A recent study conducted by UPM and with the support of the Finnish Environment Institute, SYKE, has demonstrated the positive benefits of a forest area dedicated to the produc<img class="ms-rtePosition-2" src="http&#58;//assets-upmpaper-edit.group.upm.com/images1/whats-new/News/Forests_300x169px.jpg" alt="" style="margin&#58;5px;" />tion of wood for pulp. </p><p>The production of one tonne of pulp requires a quantity of wood equal to about 10 trees that would grow in a forest area the size of a tennis court, e.g. an area of about 275 m². During its lifecycle of about 80 years, this area of forest also provides the following eco-services*&#58;</p><ul><li>it binds 4.000 kg of CO<sub>2</sub>, equivalent to the emissions of a car driving more than 30&#160;000 km.</li><li>it filters and purifies 8 million liters of water, e.g. enough clean water for 150 people for a year.</li><li>it preserves biodiversity&#58; 800 species – mushrooms, insects, plants and animals- directly depend on pine and spruce, tree species typically used in paper making. The majority of Finland's 20.000 forest species inhabit areas used for wood production. </li><li>it provides more than 200 kg of fruit, berries, mushrooms and meat. </li></ul><p>Sustainably managed forests also create thousands of jobs both directly or indirectly. They also have enormous recreational value and have a strong role to play in health and wellbeing.&#160; Moreover, by-products and residues from pulp production (bark, black liquor or waste such as tall oil) are further utilized by UPM to produce energy, biochemicals or renewable diesel.&#160; </p><p>The challenge of a growing population and the increasing pressure it places on the environment makes it necessary to use land in a way which brings multiple benefits and the most added value to society and environment. Sustainably managed commercial forests respond perfectly to this challenge.</p><p>In order that future generations can continue to enjoy all the gifts of a healthy forest, UPM continuously regenerates, replants and takes good care of its forests.</p><p>*Eco-services are benefits that human beings draw out of eco-systems, e.g. food, construction material, water purification, cultural and social services.</p>GP0|#22285ad8-e805-42dd-be23-025603ed4bd3;L0|#022285ad8-e805-42dd-be23-025603ed4bd3|Story;GTSet|#5f3597d4-e212-42ee-96a2-2301e0ef108baspx
UPM introduces improved SCA+ paper “UPM Cat NA” for both offset and rotogravure printing applicationsRiikka Schenk, UPM2016-05-26T15:00:00Z<p>​(Naperville, US, May 19, 2016) UPM Paper ENA proudly introduces UPM Cat NA, a publication paper specially designed to meet the demanding needs of the North American printing market.&#160; UPM Cat NA offers improved opacity and brightness characteristics, making it an excellent lower-cost alternative to lightweight coated papers.&#160; It is the perfect choice for catalogs, magazines, and high-end inserts.&#160;&#160;&#160;</p><p>UPM Cat NA is available in a wide range of basis weights, from 26-lb. to 34-lb. in both heatset web offset and rotogravure printing.&#160; It has been designed to maximize production efficiency for both methods by providing excellent runnabilty and printability properties.</p><p>&quot;UPM Cat NA pushes the envelope in terms of maximizing both brightness and opacity in low basis weights while achieving outstanding runnability. We designed this paper specifically for the preferences of North American customers and we are excited to make this paper available to printers, publishers, retailers, and distribution partners,&quot; states <strong>Jennifer Wilkerson</strong>, Manager of Business Development and Marketing for UPM North America.</p><p><strong>For more information contact&#58;</strong></p><p>Jennifer Wilkerson,<strong> </strong><strong><a href="mailto&#58;jennifer.s.wilkerson@upm.com">jennifer.s.wilkerson@upm.com</a></strong></p><p><strong></strong>&#160;</p><p><strong>UPM Paper North America</strong></p><p>UPM Paper in North America provides a wide variety of printing paper options for magazines, catalogs, inserts, high-end advertising, direct mail, and more. We serve printer, distribution, and end-use customers from 16 modern paper mills located across Europe and the United States. Our extensive logistics infrastructure provides dependable importing, warehousing, and transportation to achieve exceptional on-time delivery. To learn more visit&#58; <a href="http&#58;//www.upm.com/na" target="_blank">www.upm.com/na</a></p><p><strong>UPM</strong> leads the way in reforming bio and forest industries. We are building a sustainable future in six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM Paper Europe and North America and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve a global base of customers. The group employs around 19,600 people and its annual sales are approximately&#160;EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a href="http&#58;//www.upm.com/" target="_blank"><span lang="EN-GB" style="text-decoration&#58;underline;">www.upm.com</span></a></p><p>Follow UPM on <a href="https&#58;//twitter.com/UPM_News" target="_blank"><span lang="EN-GB" style="text-decoration&#58;underline;">Twitter</span></a> | <a href="https&#58;//www.linkedin.com/company/upm-kymmene"><span lang="EN-GB" style="text-decoration&#58;underline;">LinkedIn</span></a> | <a href="https&#58;//www.facebook.com/UPMGlobal"><span lang="EN-GB" style="text-decoration&#58;underline;">Facebook</span></a> | <a href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank"><span lang="EN-GB" style="text-decoration&#58;underline;">YouTube</span></a> | <a href="https&#58;//www.instagram.com/upmbiofore/" target="_blank"><span lang="EN-GB" style="text-decoration&#58;underline;">Instagram</span></a></p>GP0|#f64c20de-61a7-4c91-b0a1-d50772b61b60;L0|#0f64c20de-61a7-4c91-b0a1-d50772b61b60|Product news;GTSet|#5f3597d4-e212-42ee-96a2-2301e0ef108baspx
drupa 2016 - UPM Digi papers, there's always a perfect match Riikka Schenk, UPM2016-05-18T08:00:00Z<p>Digital print is being talked about more and more due to its ability to deliver high quality print with accurate personalisation. At this year's drupa, many new products will be presented in this field. However, digital printing is a process with specific demands on the papers used, for example, regarding flexibility. Whether it be books, photo books, covers or mailings, whether it be toner or inkjet printing&#58; UPM's product portfolio has the perfect solution for every requirement.</p><p>The strengths of digital printing have been known for many years, and are demonstrated again and again by powerful printing presses. The digital process is ideally suited for both small print runs of only one copy and comprehensive projects with variable content. This is why most innovations at this year's drupa will once again be presented in digital printing. However, without a suitable substrate, neither the printing method nor new solutions can put their benefits to full use. This is where UPM comes in with its papers.</p><p>&quot;What is new is that we can finish our products by means of specially designed sheeters,&quot; explains <strong>Ansgar Reiners</strong>, Product Portfolio Manager, Merchants Home &amp; Office, UPM Paper ENA. &quot;Thanks to this finishing method, which makes it possible to cut to within one millimetre accuracy, customers get a perfect square cut and enjoy trouble-free production.&quot;<br><br>One of the latest additions to our portfolio is UPM Digi Fine jet, an uncoated wood-free paper specially developed for high-speed inkjet printing. It offers fast ink absorption, high smoothness and excellent whiteness. Available in basis weights of 80 and 90 g/m², the paper is particularly suitable for supplements, advertising materials and transactional documents. <br>For dry toner and HP-Indigo applications, we recommend the UPM Digi Finesse range of coated papers. It is available in a range of basis weights from 90 to 350 g/m². Also designed for printing with dry toner are UPM Digi Fine, Digi Fine pro and Digi Fine premium. They differ from each other by their CIE-Whiteness, which is 150, 164 and 170 respectively. All paper grades are available in basis weights of 80, 90 and 100 g/m². UPM Fine premium is additionally available with 120 g/m². Two recycling papers with high whiteness complement the product range. One of them, Digi Recycled plus, has the Blue Angel eco-label.</p><p>UPM also offers its customers digital printing papers in special formats and a dummy&#160; service. All our Digi Papers carry the EU eco-label and can be supplied with PEFC or FSC certification. The digital paper grades are perfectly matched to UPM's offset printing papers, allowing customers, in spite of different printing methods, to combine wood-free papers for sheet-fed/heatset and rotogravure with UPM digital printing papers for their projects.<br><br> Digital printing papers are available directly from UPM or from our wholesale partners, including Antalis, Igepa Group and Papyrus. At this year's drupa, many leading exhibitors will use different types of UPM papers, allowing visitors to directly experience them - also in digitally printed form.</p><p><strong>For more information please contact&#58;</strong><br>UPM Paper ENA, Ansgar Reiners, Manager, Product Portfolio, Merchants Home &amp; Office, ansgar.reiners@upm.com, tel. <span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">+49 49634011601<a title="Call&#58; +49 49634011601" href="#" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;"><img title="Call&#58; +49 49634011601" alt="" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;" /></a></span><img alt="" style="margin&#58;5px 5px 5px 0px;width&#58;16px;" /><br></p><p><strong>UPM Paper ENA</strong><br>UPM Paper ENA (Europe &amp; North America) is the world's leading producer of graphic papers, serving customers in Magazine Publishing &amp; Advertising, Merchants, Home &amp; Office, and Newspaper Publishing. A leader in sustainable and high performance papers, UPM Paper ENA's production is located in Finland, Germany, the United Kingdom, France, Austria, and the United States. With headquarters in Germany, UPM Paper ENA employs approximately 9,500 people. To learn more about UPM Paper ENA visit&#58;<a href="http&#58;//www.upmpaper.com/" target="_blank"><span style="text-decoration&#58;underline;">www.upmpaper.com</span></a></p><p><strong>UPM</strong><br>Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM Paper ENA (Europe &amp; North America) and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,600 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company -&#160;<a href="http&#58;//www.upm.com/" target="_blank"><span style="text-decoration&#58;underline;">www.upm.com</span></a></p><p>Follow UPM on&#160;<a href="https&#58;//www.twitter.com/UPM_Papers" target="_blank"><span style="text-decoration&#58;underline;">Twitter</span></a>&#160;|&#160;<a href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank"><span style="text-decoration&#58;underline;">LinkedIn</span></a>&#160;|&#160;<a href="https&#58;//www.facebook.com/UPMGlobal" target="_blank"><span style="text-decoration&#58;underline;">Facebook</span></a>&#160;|&#160;<a href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank"><span style="text-decoration&#58;underline;">YouTube</span></a>&#160;|&#160;<a href="https&#58;//www.instagram.com/upmbiofore/" target="_blank"><span style="text-decoration&#58;underline;">Instagram</span></a></p>GP0|#80f66fc0-c60d-4e2c-a1ed-b7e454bfdf4d;L0|#080f66fc0-c60d-4e2c-a1ed-b7e454bfdf4d|Press release;GTSet|#5f3597d4-e212-42ee-96a2-2301e0ef108baspx
UPM has launched its first Responsible Fibre product: New Future office papers!Tarja Sammalkorpi, UPM2016-05-16T10:00:00Z<div><p><img class="ms-rtePosition-2" src="http&#58;//assets-upmpaper.upm.com/images1/whats-new/News/_w/UPM_Paper_New_Future_Trade-press_300x160_jpg.jpg" alt="" style="margin&#58;5px 5px 5px 0px;" />The UPM Biofore story is now being delivered through the Responsible Fibre<sup>TM</sup> verification of a high performance UPM office paper range, creating a smart choice for a &quot;New Future&quot;.</p><p>New Future office papers is the first product range to carry the new Responsible Fibre<sup>TM</sup> trademark adopted by UPM. This new trademark innovatively combines UPM's environmental responsibility and social responsibility into one cohesive philosophy followed throughout the product lifecycle.</p><p>As the majority of UPM's business is based on a responsible use of fibre, this concept offers an unlimited number of opportunities to tell our Biofore story in a new way.</p><p>See the video in <a href="http&#58;//www.youtube.com/watch?v=ul15Pz3L4Es" target="_blank"><span lang="EN-GB" style="text-decoration&#58;underline;">www.youtube.com/watch?v=ul15Pz3L4Es</span></a> <br>Pay a visit to <a href="http&#58;//www.responsiblefibre.upm.com/" target="_blank"><span lang="EN-GB" style="text-decoration&#58;underline;">www.responsiblefibre.upm.com</span></a> and learn how UPM can stand behind this trademark.</p><p><strong>For further information please contact&#58;<br></strong>Janeen Key, Marketing Manager, UPM Paper ENA, Merchants, Home &amp; Office, <a href="mailto&#58;janeen.key@upm.com" target="_blank"><span lang="EN-US" style="text-decoration&#58;underline;">janeen.key@upm.com</span></a>, tel. +44 (0) 7739 82121<span></span>6&#160;<br><br>&#160;</p></div>GP0|#f64c20de-61a7-4c91-b0a1-d50772b61b60;L0|#0f64c20de-61a7-4c91-b0a1-d50772b61b60|Product news;GTSet|#5f3597d4-e212-42ee-96a2-2301e0ef108baspx