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The Impresse Plus C story: Birth of an eye-catcherTarja Sammalkorpi, UPM2016-12-08T12:00:00Z<p>Combining silky smoothness, a fabulous print finish and great fingertip appeal, UPM Impresse Plus C is a new paper for high-end coldset web offset applications. We take a peek behind the scenes of its ongoing customer-driven development process.</p><p>The original idea for Impresse Plus C came from UPM's technical sales teams, who work closely with customers around Europe and pass on their suggestions to mills. They proposed that UPM should test the suitability of its current SC papers for coldset printing.</p><p>&quot;We listen carefully to what our customers require, and we're always ready to evaluate all their good ideas here at the mill to match their needs tomorrow,&quot; says <strong>Olli Juntunen</strong>, Product Manager at UPM Jämsä River Mills, where the project began in summer 2015.</p><p>&quot;After the initial trials we noticed that our SC paper was giving surprisingly good printing results in coldset applications, too. There were some runnability issues, however, and some initial compatibility issues with inks. Too much ink was building up on the common impression cylinder,&quot; reveals <strong>Juntunen</strong>.</p><p><strong>The beauty of trial and error</strong></p><p>Using trial and error as the driving force of creativity, the UPM development team kicked off the R&amp;D process in earnest at the end of 2015. The new paper underwent laboratory tests at the UPM R&amp;D centre to analyse the impact of various technical modifications. The product was simultaneously tested by selected customers, who gave immediate feedback.</p><p>&quot;The biggest challenge was making the structure of the paper 'open' enough for coldset printing,&quot; adds <strong>Kimmo Finnilä</strong>, Engineer, Development and Technical Customer Service at PM6, which produces the paper.</p><p><strong>Smoothness and shine</strong></p><p>As often happens in R&amp;D, the project met with its fair share of challenges. &quot;At one stage we almost lost the wow factor – the print finish wasn't looking great anymore. But thanks to our precise and systematic modifications, we were able to return the smoothness and shine,&quot; says <strong>Finnilä</strong>.</p><p>UPM Impresse Plus C offers a smooth, luxuriant finish that helps CSWO printed publications truly stand out. This makes it ideal for highend applications such as retail advertisements, special interest newspapers and magazines. It is not necessarily the easiest product to print, however, as it requires extensive knowledge from the printer and optimization on press. But, when the balance is right, the end result is well worth the extra effort.</p><p>&quot;I think this paper looks brilliant. We have a great product that truly catches the reader's eye. Next it's up to our sales team and CSWO printers to make this innovation a success,&quot; concludes <strong>Juntunen</strong>.</p><p><img alt="A brilliant sample of talent-pooling at Jämsä River Mills" src="http&#58;//assets-upmpaper.upm.com/images1/whats-new/News/The%20Impresse%20Plus%20C%20story%20400x200px.jpg" style="margin&#58;5px 5px 5px 0px;" />&#160;</p><p><em class="ms-rteStyle-Imagecaption">A brilliant sample of talent-pooling at Jämsä River Mills&#58; (from right) SC expert Kimmo Finnilä joined forces with newsprint specialist Mikko Aho, Product Manager Olli Juntunen and Veli-Pekka Laurila to test SC papers in CSWO printing in summer 2015. (Photo&#58; Pekka Rötkönen)</em></p><p><strong>Where does this product fit into the UPM product range?</strong></p><p>UPM Impresse Plus C will enlarge UPM's offering for our coldset customer base. We will be able to offer outstanding print quality with high smoothness, a nice feel and a magazine-style appearance to support our customers' print competitiveness. The product has a high bulk (1.1) and brightness level of 80.</p><p><strong>What are your expectations for this product?</strong></p><p>We will meet future customer needs by improving the competitiveness of coldset printing. UPM Impresse Plus C will enable our customers to expand their product offering especially in the commercial printing of contractual titles, inserts and value-adding advertising material. On top of this, we offer a competitive advantage to our coldset customers in segments such as special weekend publications and magazine-type products. This will push coldset printing towards higher added-value printing products.</p><p><strong>What's the next step?</strong></p><p>In the final pre-launch stage, we will work closely with printers with different kinds of printing machines to fine-tune the product's printability and gain enough experience for the commercial launch in the coming months.</p><p>&#160;</p>GP0|#f64c20de-61a7-4c91-b0a1-d50772b61b60;L0|#0f64c20de-61a7-4c91-b0a1-d50772b61b60|Product news;GTSet|#5f3597d4-e212-42ee-96a2-2301e0ef108baspx
UPM receives recognition for its efforts of deforestation-free supply chainsTerhi Jokinen, UPM2016-12-05T08:00:00Z<p>(UPM, Helsinki, 5 December 2016 at 09&#58;00 EET) - UPM is one of the eight companies that have been recognised by the CDP Forest Program with a global leadership position in the 2016 Forest A List for timber and timber based products. The A List features companies that are on a path to sustainably source or produce timber commodities.</p><p>&quot;UPM is committed to forest management and forest harvesting practices based on the internationally accepted principles of sustainable forest management&quot;, says <strong>Sami Lundgren</strong>, Vice President, Environment and Responsibility. <br> <br>&quot;Our objective is to create long-term profitable business in an ethical and responsible manner, taking into account economic, human and social, as well as environmental matters. We consider forest certification to be an excellent tool for promoting sustainable forestry. Today 84% of the wood we use is certified and our target is to grow the percentage up to 100% by the year 2030,&quot; says Lundgren.<br> <br>&quot;The business case for breaking the link between deforestation and the production of forest-risk commodities has never been stronger. We congratulate those businesses that have achieved a position in CDP's Forest A List for timber. These companies are responding to market demand for environmental accountability and at the same time are making progress towards achieving deforestation-free supply chains. This will not only protect forests, but will help influence market behaviour towards a more sustainable economy,&quot; says <strong>Katie McCoy</strong>, head of forests at CDP.<br> <br>UPM has always taken care of the vitality and regeneration of forests. Furthermore, the company has had for over two decades its own biodiversity programme, which is fully integrated into company's forest management practices. Specific species projects and case studies in the programme develop forestry methods to meet the needs of single species and creates a new working culture in collaboration with stakeholders. UPM also promotes voluntary-based nature conservation, and protected areas are part of the biodiversity programme solutions. <br> <br>&quot;We are pleased that also our efforts on enhancing biodiversity have just recently received recognition. FIBS, the leading non-profit corporate responsibility network in Finland, awarded us for biodiversity reporting in the company's annual report 2015 and on the related webpages,&quot; concludes Sami Lundgren. </p><p>Read more on <a href="http&#58;//www.upmbiofore.com/" target="_blank">www.upmbiofore.com</a>.<br> <br>The CDP's report examines what steps companies are taking to protect their supply chains and bottom-lines against deforestation-related risks. It has been produced at the request of 365 investors with US$22 trillion in assets by CDP, who request data from large corporations on their efforts to mitigate deforestation risks. <br> <br>Link to report&#58; <a href="https&#58;//b8f65cb373b1b7b15feb-c70d8ead6ced550b4d987d7c03fcdd1d.ssl.cf3.rackcdn.com/cms/reports/documents/000/001/328/original/CDP_2016_forests_report.pdf?1480705556" target="_blank">Revenue at risk&#58; Why addressing deforestation is critical to business success</a>.<br> <br><strong>For further information please contact&#58;</strong><br>Sami Lundgren, Vice President, UPM, Environment &amp; Responsibility, tel. +358 40 580 0910</p>GP0|#80f66fc0-c60d-4e2c-a1ed-b7e454bfdf4d;L0|#080f66fc0-c60d-4e2c-a1ed-b7e454bfdf4d|Press release;GTSet|#5f3597d4-e212-42ee-96a2-2301e0ef108baspx
Choice comes naturally: New UPM paper product catalogue 2017 available Riikka Schenk, UPM2016-11-29T12:00:00Z<p>​<img class="ms-rtePosition-2" src="http&#58;//assets-upmpaper.upm.com/images1/whats-new/News/ProductCatalogueCoverPic.PNG" alt="" style="margin&#58;5px 5px 5px 0px;" />UPM has published a new version of the UPM paper product catalogue. The catalogue presents UPM Paper ENA (Europe and North America) product portfolio and relevant environmental information. <br><br>&quot;The printed product catalogue gives our customers the perfect overview. It is complemented by our comprehensive UPM Paper Catalogue online,&quot; says <strong>Antti Pokkinen</strong>, Director, Product Portfolio, UPM Paper ENA.&#160;<br> <br>Even more details on the papers are available on&#160;<span style="text-decoration&#58;underline;"><a href="http&#58;//www.upmpaper.com/papers/Pages/default.aspx" target="_blank">UPM Paper Catalogue</a></span>&#160;online, providing up-to-date information about products' technical target values, prepress guidelines, and certificates or ecolabels available for a particular product. If you want to access the catalogue with your mobile device, go to <a href="http&#58;//m.upmpaper.com/" target="_blank"><span style="text-decoration&#58;underline;">http&#58;//m.upmpaper.com/</span></a><br> <br>The German and French version of the paper product catalogue will be available later this year. <br><br><strong>For further information please contact&#58;</strong><br> Riikka Schenk, Communications Specialist, UPM Paper ENA Stakeholder Relations, <a href="mailto&#58;paperinfo@upm.com"><span style="text-decoration&#58;underline;">paperinfo@upm.com</span></a></p><p><strong>About UPM Paper ENA</strong><br>UPM Paper ENA (Europe and North America) is the world's leading producer of graphic papers, offering an extensive product range for advertising and publishing as well as home and office uses. The high performing papers and service concepts of UPM add value to our customers' businesses, while activity fulfilling demanding environmental and social responsibility criteria. With headquarters in Germany, UPM Paper ENA employs approximately 9,000 people. More about UPM Paper ENA and its products at <a href="http&#58;//www.upmpaper.com/" target="_blank"><span style="text-decoration&#58;underline;">www.upmpaper.com</span></a></p><p><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 Specialty Papers, UPM Paper ENA 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;">www.upm.com</span></a></p><p><span style="text-decoration&#58;underline;">Follow UPM on</span> <a href="https&#58;//twitter.com/UPM_News" target="_blank"><span style="text-decoration&#58;underline;">Twitter</span></a> | <a href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank"><span style="text-decoration&#58;underline;">LinkedIn</span></a> | <a href="https&#58;//www.facebook.com/UPMGlobal" target="_blank"><span style="text-decoration&#58;underline;">Facebook</span></a> | <a href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank"><span style="text-decoration&#58;underline;">YouTube</span></a> | <a href="https&#58;//www.instagram.com/upmbiofore/" target="_blank"><span style="text-decoration&#58;underline;">Instagram</span></a> | <a href="http&#58;//upmbiofore.com/" target="_blank"><span style="text-decoration&#58;underline;">upmbiofore.com</span></a></p>GP0|#80f66fc0-c60d-4e2c-a1ed-b7e454bfdf4d;L0|#080f66fc0-c60d-4e2c-a1ed-b7e454bfdf4d|Press release;GTSet|#5f3597d4-e212-42ee-96a2-2301e0ef108baspx
UPM Paper ENA plans to reduce 305,000 tonnes of graphic paper capacity in Europe Priyanka Ramu, Accenture2016-11-03T09:30:00Z<p>​</p>(UPM, Helsinki, 3 November 2016 at 11&#58;30 EET) - UPM is planning to permanently reduce its graphic paper capacity in Europe by 305,000 tonnes. The capacity reductions are planned to take place in Austria and Germany.<p class="hugin">UPM plans to permanently close two paper machines&#58;&#160;</p><ul class="hugin"><li class="hugin"><div class="hugin">SC paper machine 3 at UPM Steyrermühl, Austria</div></li><li class="hugin"><div class="hugin">SC paper machine 2 at UPM Augsburg, Germany&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </div></li></ul><p class="hugin">Number of persons affected by the plan is estimated 150 for UPM Augsburg and 125 for UPM Steyrermühl. The employee consultation processes will start in the course of November in line with the local legislation. The machines are planned to be closed after the consultation processes have been finalized.</p><p class="hugin">The plan would result in annual cost savings of about EUR 30 Million. UPM would book charges of approximately EUR 75 Million as an item affecting comparability in Q4 2016. Of the total, approximately EUR 45 Million would be cash costs.</p><p class="hugin">According to the plan both mills would continue paper production on the remaining cost-competitive paper machines at the mill sites.</p><p class="hugin">&quot;The demand for SC papers, in line with other graphic papers, has been declining during the last years and the decline is expected to continue. Even under challenging market conditions our employees have always given their best and we regret the impact of the planned closures on the personnel. However, we have to adjust our operations to match with long-term customer demand,&quot; says <strong>Winfried Schaur</strong>, Executive Vice President, UPM Paper ENA.</p><p class="hugin">&quot;Due to the adverse market conditions we have conducted a thorough analysis on the cost competitiveness of our graphic paper machines. Because of their scale, technical age and limited further savings potential PM3 in Steyrermühl and PM2 in Augsburg are the least competitive SC PMs in UPM's machine park. The planned closures would ensure an efficient use of our remaining five SC paper machines,&quot; says <strong>Anu Ahola</strong>, Senior Vice President, News &amp; Retail, UPM Paper ENA.</p><p class="hugin">Earlier this year UPM sold its Schwedt mill. The annual production of 282,000 tonnes of newsprint will be ceased in the end of Q3 2017. The new owner will convert the mill into liner production.</p><p class="hugin"><strong>For further information please contact&#58;</strong><br class="hugin">UPM Paper ENA Stakeholder Relations, tel. +49 821 3109 225, email&#58; paperinfo@upm.com</p><p class="hugin"><strong>For local information, please contact&#58;</strong><br class="hugin">Ernst Spitzbart, General Manager, UPM Steyrermühl, UPM Paper ENA, (best available from 14&#58;30-15&#58;30 CET) tel. +43 7613 8900 359<br class="hugin">Gerhard Mayer, General Manager, UPM Augsburg, UPM Paper ENA, (best available from 14&#58;30-15&#58;30 CET) tel. +49 821 3109 509</p><p class="hugin"><strong>UPM, Media Relations </strong><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">media@upm.com</font></span></a></p><p class="hugin"><strong>About UPM Steyrermühl</strong><br class="hugin">UPM Steyrermühl manufactures newsprint and uncoated magazine papers (SC) with the annual capacity of 485,000 tonnes. Located in Upper Austria the mill employs about 400 people.</p><p class="hugin"><strong>About UPM Augsburg</strong><br class="hugin">UPM Augsburg manufactures coated (LWC) and uncoated magazine papers (SC) with the annual capacity of 498,000 tonnes. Located in Southern Germany the mill employs about 440 people.</p><p class="hugin"><strong>About UPM Paper ENA</strong><br class="hugin">UPM Paper ENA (Europe and North America) is the world's leading producer of graphic papers, offering an extensive product range for advertising and publishing as well as home and office uses. The high performing papers and service concepts of UPM add value to our customers' businesses, while activity fulfilling demanding environmental and social responsibility criteria. With headquarters in Germany, UPM Paper ENA employs approximately 9,000 people. More about UPM Paper ENA and its products at <a class="hugin" href="http&#58;//www.upmpaper.com/" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">www.upmpaper.com</font></span></a></p><p class="hugin"><strong>About UPM</strong><br class="hugin">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 Specialty Papers, UPM Paper ENA 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 class="hugin" href="http&#58;//www.upm.com/" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">www.upm.com</font></span></a></p><p class="hugin"><span style="text-decoration&#58;underline;">Follow UPM on</span> <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">Twitter</font></span></a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">LinkedIn</font></span></a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">Facebook</font></span></a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">YouTube</font></span></a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">Instagram</font></span></a> | <a class="hugin" href="http&#58;//upmbiofore.com/" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">upmbiofore.com</font></span></a></p>GP0|#726d3076-8e03-438a-b7d1-4f87dbaef030;L0|#0726d3076-8e03-438a-b7d1-4f87dbaef030|Investor news;GTSet|#5f3597d4-e212-42ee-96a2-2301e0ef108baspx
Enter the Wallpaper* Hotel - Handmade 2016Martina Reuter, UPM2016-10-26T07:00:00Z<p>​UPM Paper ENA and Time Inc UK's flagship title, Wallpaper* has built a solid partnership over the past four years to create a unique print experience for Handmade - an annual event and homage to design and innovation.</p><p>Established in 1996, Wallpaper* is regarded as one of the world's most important design magazines. A global audience of more than 220,000 readers, the creative and editorial teams strive to create engaging content for each and every issue. As a key partner to Wallpaper* owner Time Inc UK for over thirty years, UPM Paper has developed a strong relationship and understanding of the demands and needs of such a creative title. Readers of Wallpaper expect not only to be delighted and inspired by the words and pictures on the page but by the very production of the title itself. Rich images need to leap off the page with the colour and intensity they were designed with. Every element of paper choice is well considered - from the weight of the page to the tactile nature of an uncoated paper. Wallpaper* celebrated its 200th edition in October 2015. It continues to be a leading light in the design community.</p><p><strong>ENTER THE</strong><strong>&#160; </strong><strong>WALLPAPER* HOTEL - HANDMADE 2016</strong></p><p>Since the first handmade magazine edition in 2010, the Wallpaper* creative team has developed the theme of each edition. The inspiration comes from a showcase held in Milan, Italy, in April every year during the famous Salone di Mobile - one of Europe's largest furniture fairs which has now expanded into the streets and galleries of Italy's renowned fashion capital. Previous Wallpaper* Handmade themes have included collaborations between renowned designers, global brands and small design studios. </p><p>For Hotel Wallpaper*, a whole arcade was taken over to showcase the theme of travel and hospitality. Featuring creative minds such as David Chipperfield, Cerutti 1881, Artek and Aesop, the task was to envisage a home-away-from-home. From USB toothbrushes to bespoke writing desks, Hotel Wallpaper* leaves nothing to the imagination with paired projects and stunning furniture. The Handmade exhibition is dedicated to the marriage of craftsmanship and contemporary design - each reflected in the visually inspiring Handmade issue released each August. </p><p><strong>TELLING A TACTILE STORY</strong></p><p>UPM's paper grades were selected for the whole magazine including covers. Matching each section of the magazine was Creative Director<strong> Sarah Douglas</strong>. &quot;Our readers expect us to produce each and every issue with the same focus in terms of production. Therefore it's vital to have a paper supplier who can match these precise needs and think as creatively as we do.&quot;</p><p>She adds&#58;&#160;&quot;Handmade is something special, over and beyond our regular editions. It has to reflect the theme of our showcase. The mix of UPM's grades offers us a perfect platform, creating a tactile and visual narrative, to highlight the products and&#160;designs shown during Salone di Mobile.&quot;</p><p><strong>Dino Vasiliou</strong>, Sales Manager for UPM Paper comments&#58; &quot;Our partnership with the Wallpaper* team has produced a very special showcase of the UPM paper portfolio. We are always excited by the designs and printed end product.&quot;</p><p><strong>WALLPAPER* AT 20</strong></p><p>Wallpaper* celebrates its 20th birthday this year. Handmade is a key part of the brand's development of its publishing model - expanding its audience and services including bespoke content creation for some of the world's best brands. </p><p>The Handmade journey continues. Seek out a copy and discover the look and feel of UPM papers for yourself.</p><p><a href="http&#58;//www.wallpaper.com/" target="_blank"><span style="text-decoration&#58;underline;">www.wallpaper.com</span></a> </p><p>&#160;<img alt="W_209_news_small.jpg" src="/whats-new/all-news/PublishingImages/Pages/Enter-the-Wallpaper-Hotel--Handmade-2016/W_209_news_small.jpg" style="margin&#58;5px;" /></p><p>&#160;</p>GP0|#22285ad8-e805-42dd-be23-025603ed4bd3;L0|#022285ad8-e805-42dd-be23-025603ed4bd3|Story;GTSet|#5f3597d4-e212-42ee-96a2-2301e0ef108baspx
UPM receives acknowledgement for its climate actionsTarja Sammalkorpi, UPM2016-10-25T11:00:00Z<p>​(UPM, Helsinki, 25 October 2016 at 14&#58;00 EET) - UPM has been included in the CDP Climate A List. UPM is featured in the CDP's climate change program for the eight years in a row for its climate actions and transparent climate reporting. </p><p><img src="http&#58;//assets-upmpaper-edit.group.upm.com/images1/whats-new/CDP%20climate%20action.jpg" alt="" style="margin&#58;5px 5px 5px 0px;" />&#160;</p><p>UPM's Biofore strategy meets the challenges set by climate change on many levels&#58; it promotes sustainable forestry, resource efficient production and the manufacturing of recyclable products that are based on renewable raw materials.</p><p>&quot;Apart from actions, also the quality of reporting matters. Investors and other important stakeholders use our public data to evaluate how well we tackle global climate challenges and changes in market conditions and comply with related regulations&quot;, says Sami Lundgren, Vice President, Environment &amp; Responsibility. </p><p>&quot;We are committed to the continuous improvement of our operations and are regularly monitoring the achievement of our climate-related targets. And verified reporting proves the reliability of provided data&quot;, <strong>Sami Lundgren</strong> tells.&#160; </p><p><strong>Towards better climate performance through concrete actions and 2030 climate targets&#160; </strong></p><p>UPM updated its 2030 responsibility targets in 2015. The new targets were influenced not only by the company's Biofore strategy but also by the UN's Sustainable Development Goals (SDGs). UPM's climate targets for 2030 include reducing the fossil carbon dioxide emissions from own combustion and purchased electricity by 30% as well as reducing acidifying flue gases by 20%. One of UPM's continuous targets is to maximise the business benefits of greenhouse gas claims, which aims to reduce greenhouse gas emissions.</p><p>&quot;We are determined to work towards these targets in many ways&quot;, Sami Lundgren continues. &quot;One example is the UPM Shotton paper mill in the UK, where UPM has invested in a condensing turbine power plant. The plant turns excess low-pressure steam into renewable energy. Another example is the Otepää plywood mill in Estonia, where the construction of a new biomass power plant was completed this year. The new plant will replace an older plant running partly on oil,&quot; Sami Lundgren lists.</p><p>&quot;We congratulate the 193 A List companies that are leading the charge towards our low carbon future. Companies are key actors in enabling the global economy to achieve its new climate goals, and the leadership of this group points the way for others to take bold action and capitalize on the many opportunities that await,&quot; says CDP's chief executive officer <strong>Paul Simpson</strong>.</p><p>Learn more about UPM's climate strategy and about the role UPM's wood-based renewable diesel UPM BioVerno plays in promoting the UN SDG 13 (Climate Action) <a href="https&#58;//www.upmbiofore.com/actions-and-transparent-reporting-grant-upm-a-place-on-the-cdp-climate-a-list/" target="_blank"><span style="text-decoration&#58;underline;">upmbiofore.com</span></a>.</p><p>The Climate A List, along with the climate scores of all companies publicly taking part in CDP's climate change program this year, is available on CDP's website, <a href="https&#58;//www.cdp.net/en" target="_blank"><span style="text-decoration&#58;underline;">https&#58;//www.cdp.net/en</span></a>.</p><p><strong>For further information please contact&#58; </strong><br>Sami Lundgren, Vice President, UPM, Environment &amp; Responsibility, tel. +358&#160;40&#160;580&#160;0910</p><p><strong>UPM, Media Relations </strong><br>9.00-16.00 EET<br>tel. +358 40 588 3284 <br><a href="mailto&#58;media@upm.com" target="_blank"><span style="text-decoration&#58;underline;">media@upm.com</span></a></p><p>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 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 - <a href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank"><span 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 style="text-decoration&#58;underline;">Twitter</span></a> | <a href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank"><span style="text-decoration&#58;underline;">LinkedIn</span></a> | <a href="https&#58;//www.facebook.com/UPMGlobal" target="_blank"><span style="text-decoration&#58;underline;">Facebook</span></a> | <a href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank"><span style="text-decoration&#58;underline;">YouTube</span></a> | <a href="https&#58;//www.instagram.com/upmbiofore/" target="_blank"><span style="text-decoration&#58;underline;">Instagram</span></a> | <a href="https&#58;//www.upmbiofore.com/" target="_blank"><span style="text-decoration&#58;underline;">upmbiofore.com</span></a></p>GP0|#80f66fc0-c60d-4e2c-a1ed-b7e454bfdf4d;L0|#080f66fc0-c60d-4e2c-a1ed-b7e454bfdf4d|Press release;GTSet|#5f3597d4-e212-42ee-96a2-2301e0ef108baspx
Interim report Q3/2016: Performance improvement continued into second half of 2016 - excellent, seasonally strong Q3Tarja Sammalkorpi, UPM2016-10-25T07:00:00Z<p>​UPM-Kymmene Corporation&#160;Stock Exchange Release 25 October 2016 at 9&#58;30 EET<br><strong></strong></p><p><strong>Interim report Q3/2016&#58; Performance improvement continued into second half of 2016 - excellent, seasonally strong Q3</strong> </p><p><strong>Q3 2016 highlights<br></strong>- Comparable EBIT increased by 31% to EUR 314 million (240 million).<br>- Growth projects contributed significantly to earnings, driving delivery growth in UPM Biorefining, UPM Raflatac and UPM Specialty Papers.<br>-UPM Paper ENA results were seasonally strong, with high operational efficiency and exceptionally low fixed costs.<br>- Cost-efficiency measures continued on a strong track.<br>- Record strong operating cash flow at EUR 506 million (363 million).</p><p><strong>Q1</strong><strong>-</strong><strong>Q3 2016 highlights<br></strong>- Comparable EBIT increased by 28% to EUR 859 million (669 million).<br>- Operating cash flow increased to EUR 1,281 million (795 million).<br>- Net debt decreased to EUR 1,479 million (2,465 million) and gearing to 19% (31%).<br>- UPM sold the Schwedt newsprint mill in Germany in July.<br>- In July, UPM announced expansion of the UPM Kymi pulp mill capacity to 870,000 tonnes.<br>- In October, UPM announced a new self-adhesive label stock investment in Poland to meet the growing demand in Europe.</p><table width="100%" class="ms-rteTable-0" cellspacing="0" style="height&#58;1040px;"><tbody><tr class="ms-rteTableEvenRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;1900px;height&#58;15px;"><strong class="ms-rteFontSize-1">Key figures</strong></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">Q3/2016</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">Q3/2015</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">Q2/2016</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">Q1-Q3/2016</span></td><td class="ms-rteTableOddCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">Q1-Q3/2015</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">Q1-Q4/2015</span></td></tr><tr class="ms-rteTableOddRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;1900px;height&#58;15px;"><span class="ms-rteFontSize-1">Sales, EURm</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">2,445</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">2,530</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">2,445</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">7,336</span></td><td class="ms-rteTableOddCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">7,564</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">10,138</span></td></tr><tr class="ms-rteTableEvenRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;1900px;height&#58;15px;"><span class="ms-rteFontSize-1">Comparable EBITDA, EURm</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">423</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">345</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">385</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">1,210</span></td><td class="ms-rteTableOddCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">987</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">1,350</span></td></tr><tr class="ms-rteTableOddRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;1900px;height&#58;10px;"><span class="ms-rteFontSize-1">% of sales</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;10px;"><span class="ms-rteFontSize-1">17.3</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;3px;height&#58;10px;"><span class="ms-rteFontSize-1">13.6</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;10px;"><span class="ms-rteFontSize-1">15.8</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;10px;"><span class="ms-rteFontSize-1">16.5</span></td><td class="ms-rteTableOddCol-0" style="width&#58;74px;height&#58;10px;"><span class="ms-rteFontSize-1">13.0</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;10px;"><span class="ms-rteFontSize-1">13.3</span></td></tr><tr class="ms-rteTableEvenRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;1900px;height&#58;15px;"><span class="ms-rteFontSize-1">Operating profit, EURm</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">364</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">513</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">262</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">903</span></td><td class="ms-rteTableOddCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">922</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">1,142</span></td></tr><tr class="ms-rteTableOddRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;1900px;height&#58;15px;"><span class="ms-rteFontSize-1">Comparable EBIT, EURm</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">314</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">240</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">264</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">859</span></td><td class="ms-rteTableOddCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">669</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">916</span></td></tr><tr class="ms-rteTableEvenRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;1900px;height&#58;15px;"><span class="ms-rteFontSize-1">% of sales</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">12.8</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">9.5</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">10.8</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">11.7</span></td><td class="ms-rteTableOddCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">8.8</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">9.0</span></td></tr><tr class="ms-rteTableOddRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;1900px;height&#58;15px;"><span class="ms-rteFontSize-1">Profit before tax, EURm</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">336</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">498</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">250</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">848</span></td><td class="ms-rteTableOddCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">861</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">1,075</span></td></tr><tr class="ms-rteTableEvenRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;1900px;height&#58;15px;"><span class="ms-rteFontSize-1">Comparable profit before tax, EURm</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">288</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">225</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">252</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">807</span></td><td class="ms-rteTableOddCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">608</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">849</span></td></tr><tr class="ms-rteTableOddRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;1900px;height&#58;15px;"><span class="ms-rteFontSize-1">Profit for the period, EURm</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">268</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">408</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">198</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">693</span></td><td class="ms-rteTableOddCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">723</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">916</span></td></tr><tr class="ms-rteTableEvenRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;1900px;height&#58;15px;"><span class="ms-rteFontSize-1">Comparable profit for the period, EURm</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">234</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">189</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">200</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">659</span></td><td class="ms-rteTableOddCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">519</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">734</span></td></tr><tr class="ms-rteTableOddRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;1900px;height&#58;15px;"><span class="ms-rteFontSize-1">Earnings per share (EPS), EUR</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">0.50</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">0.77</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">0.37</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">1.30</span></td><td class="ms-rteTableOddCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">1.36</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">1.72</span></td></tr><tr class="ms-rteTableEvenRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;1900px;height&#58;15px;"><span class="ms-rteFontSize-1">Comparable EPS, EUR</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">0.44</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">0.35</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">0.37</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">1.23</span></td><td class="ms-rteTableOddCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">0.97</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">1.38</span></td></tr><tr class="ms-rteTableOddRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;1900px;height&#58;15px;"><span class="ms-rteFontSize-1">Return on equity (ROE), %</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">13.8</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">21.0</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">10.1</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">11.7</span></td><td class="ms-rteTableOddCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">12.5</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">11.9</span></td></tr><tr class="ms-rteTableEvenRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;1900px;height&#58;15px;"><span class="ms-rteFontSize-1">Comparable ROE, %</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">12.1</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">9.7</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">10.2</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">11.1</span></td><td class="ms-rteTableOddCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">9.0</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">9.5</span></td></tr><tr class="ms-rteTableOddRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;1900px;height&#58;15px;"><span class="ms-rteFontSize-1">Return on capital employed (ROCE), %</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">13.4</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">18.4</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">9.9</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">11.0</span></td><td class="ms-rteTableOddCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">10.9</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">10.3</span></td></tr><tr class="ms-rteTableEvenRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;1900px;height&#58;15px;"><span class="ms-rteFontSize-1">Comparable ROCE, %</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">11.5</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">8.6</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">10.0</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">10.5</span></td><td class="ms-rteTableOddCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">7.9</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">8.3</span></td></tr><tr class="ms-rteTableOddRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;1900px;height&#58;15px;"><span class="ms-rteFontSize-1">Operating cash flow, EURm</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">506</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">363</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">434</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">1,281</span></td><td class="ms-rteTableOddCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">795</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">1,185</span></td></tr><tr class="ms-rteTableEvenRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;1900px;height&#58;15px;"><span class="ms-rteFontSize-1">Operating cash flow per share, EUR</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">0.95</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">0.68</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">0.81</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">2.40</span></td><td class="ms-rteTableOddCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">1.49</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">2.22</span></td></tr><tr class="ms-rteTableOddRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;1900px;height&#58;10px;"><span class="ms-rteFontSize-1">Equity per share at end of period, EUR</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;10px;"><span class="ms-rteFontSize-1">14.75</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;3px;height&#58;10px;"><span class="ms-rteFontSize-1">14.89</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;10px;"><span class="ms-rteFontSize-1">14.36</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;10px;"><span class="ms-rteFontSize-1">14.75</span></td><td class="ms-rteTableOddCol-0" style="width&#58;74px;height&#58;10px;"><span class="ms-rteFontSize-1">14.89</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;10px;"><span class="ms-rteFontSize-1">14.89</span></td></tr><tr class="ms-rteTableEvenRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;1900px;height&#58;15px;"><span class="ms-rteFontSize-1">Capital employed at the end of period, EURm</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">10,463</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">11,148</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">10,403</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">10,463</span></td><td class="ms-rteTableOddCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">11,148</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">11,010</span></td></tr><tr class="ms-rteTableOddRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;1900px;height&#58;15px;"><span class="ms-rteFontSize-1">Net interest-bearing liabilities at end of period, EURm</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">1,479</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">2,465</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">1,876</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">1,479</span></td><td class="ms-rteTableOddCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">2,465</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">2,100</span></td></tr><tr class="ms-rteTableEvenRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;1900px;height&#58;15px;"><span class="ms-rteFontSize-1">Gearing ratio at end of period, %</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">19</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">31</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;15px;"><span class="ms-rteFontSize-1">24</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">19</span></td><td class="ms-rteTableOddCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">31</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;15px;"><span class="ms-rteFontSize-1">26</span></td></tr><tr class="ms-rteTableOddRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;1900px;height&#58;10px;"><span class="ms-rteFontSize-1">Personnel at the end of period</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;10px;"><span class="ms-rteFontSize-1">19,559</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;3px;height&#58;10px;"><span class="ms-rteFontSize-1">19,874</span></td><td class="ms-rteTableOddCol-0" style="width&#58;3px;height&#58;10px;"><span class="ms-rteFontSize-1">20,711</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;10px;"><span class="ms-rteFontSize-1">19,559</span></td><td class="ms-rteTableOddCol-0" style="width&#58;74px;height&#58;10px;"><span class="ms-rteFontSize-1">19,874</span></td><td class="ms-rteTableEvenCol-0" style="width&#58;74px;height&#58;10px;"><span class="ms-rteFontSize-1">19,578</span></td></tr></tbody></table><p><strong><span></span></strong>&#160;</p><p><strong>Jussi Pesonen, President and CEO, comments on the Q3 result&#58;<br></strong>&quot;UPM's performance in the third quarter was excellent and demonstrated the strength of our business model. Our growth projects and cost-efficiency measures continued to deliver. UPM Paper ENA was particularly successful in this seasonally strong quarter. Our comparable EBIT increased by 31% and our operating cash flow reached record-strong EUR 506 million. Furthermore, our net debt was EUR 986 million lower than a year ago.</p><p>UPM Paper ENA's performance shows that value can also be created in a challenging business environment. Successful commercial strategy, continued strict cost management and optimal use of assets deliver results. This was particularly visible in the seasonally strong third quarter, as operational efficiency was on a high level and fixed costs very low. </p><p>Going forward, we expect the structural decline in demand of graphic papers in Europe to continue as in the recent years. Therefore we are in the process of conducting a review of our European graphic paper assets. Any potential restructuring plans would be announced in the near future.</p><p>Our growth investments continued to gather pace, and contributed significantly to the earnings growth. On top of the pulp and self-adhesive label investments, the Lappeenranta biorefinery and the specialty paper machine in UPM Changshu made good contributions to our performance. We have now reached 80% of the EUR 200 million EBITDA target we have set for this first wave of growth investments. </p><p>Our second wave of focused growth investments is proceeding well. The Otepää plywood mill and UPM Kaukas pulp mill expansions are ramping up in the fourth quarter. The second expansion of UPM Kymi pulp mill is proceeding according to plans. In October, we announced a EUR 35 million investment in UPM Raflatac factory in Poland to meet the increasing label stock demand in Europe. In Uruguay we are continuing negotiations on prospects for long-term development.</p><p>All in all, we have every reason to be pleased with the quarter. Our strong cash flow enables both focused growth investments and attractive distribution to shareholders. A strong balance sheet gives us the opportunity to accelerate business transformation, when the opportunity and timing are right. UPM aims to maintain a strong balance sheet in all situations.&quot;</p><p><strong>Outlook for 2016&#160;<br></strong>UPM's outlook for 2016 is unchanged. Profitability is expected to improve in both the full year 2016 and H2 2016, compared with last year. Q4 2016 performance is expected to be negatively impacted compared to Q3 2016 by seasonal factors and clearly higher maintenance activity in UPM Biorefining and UPM Paper ENA.</p><p>UPM's growth projects are expected to contribute positively to the company's earnings in 2016, compared with 2015. UPM is continuing its measures to reduce variable and fixed costs in 2016. Currencies are expected to contribute positively as hedges have rolled over.</p><p><strong>Webcast and press conference<br></strong>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;<br></strong>The conference call can be participated in either by dialling a number in the list below or following the webcast online at <a href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank"><span lang="EN-GB" style="text-decoration&#58;underline;">www.upm.com</span></a> or through <a href="https&#58;//upm.videosync.fi/2016-10-25-q3" target="_blank"><span lang="EN-GB" style="text-decoration&#58;underline;">this link</span></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 <a href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank"><span lang="EN-GB" style="text-decoration&#58;underline;">www.upm.com</span></a> for 12 months after the call.</p><p>Conference call title&#58; <strong>UPM Interim Report for January - September 2016</strong></p><p><strong>Direct telephone numbers&#58;</strong></p><p>FI&#58; +358981710495<br>UK&#58; +442031940552<br>SE&#58; +46856642702<br>US&#58; +18557161597</p><p><strong>International telephone numbers with a pin code 75349746#</strong></p><p>BE&#58; 080049792 (Toll-Free)<br>FR&#58; +33172040035<br>NO&#58; +47 23500244<br>DK&#58; +45 35445597<br>AU&#58; +61 (0) 284058555<br>AT&#58; +43 (0) 19287909<br>CH&#58; +41 (0) 445831883<br>CN&#58; +86 4006815487<br>DE&#58; +49 (0) 6922224998<br>ES&#58; +34 914146225<br>HK&#58; +852 30600228<br>IN&#58; 0018038524627<br>IR&#58; +353 (0) 12475065<br>IT&#58; +39 (0) 236010935<br>JP&#58; +81 (0) 344559575<br>NL&#58; +31 (0) 207133412<br>SP&#58; +65 64298388</p><p><strong>**</strong></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><strong>UPM, Media Relations <br></strong>9.00-16.00 EET<br>tel. +358 40 588 3284 <br><a href="mailto&#58;media@upm.com" target="_blank"><span lang="EN-GB" style="text-decoration&#58;underline;">media@upm.com</span></a></p><p><strong>UPM<br></strong>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 Specialty Papers, UPM Paper ENA 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 - <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><span lang="EN-GB" style="text-decoration&#58;underline;">Follow UPM on </span><a href="http&#58;//www.twitter.com/UPM_News" target="_blank"><span lang="EN-GB" style="text-decoration&#58;underline;">Twitter</span></a> | <a href="http&#58;//www.linkedin.com/company/upm-kymmene" target="_blank"><span lang="EN-GB" style="text-decoration&#58;underline;">LinkedIn</span></a> |<strong> </strong><a href="http&#58;//www.facebook.com/UPMGlobal" target="_blank"><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> | <a href="https&#58;//www.upmbiofore.com/" target="_blank"><span lang="EN-GB" style="text-decoration&#58;underline;">upmbiofore.com</span></a></p><p><a href="http&#58;//hugin.info/165629/R/2051097/767379.pdf" target="_blank"><span style="text-decoration&#58;underline;">UPM Interim Report Q3 2016</span></a>&#160;</p>GP0|#b069b3e5-d676-481e-9285-cfba1f966253;L0|#0b069b3e5-d676-481e-9285-cfba1f966253|Stock exchange release;GTSet|#5f3597d4-e212-42ee-96a2-2301e0ef108baspx
UPM focuses on newspaper publishing and commercial CSWO printing at World Publishing ExpoTarja Sammalkorpi, UPM2016-10-10T06:30:00Z<p>UPM is participating this week at World Publishing Expo 2016, the world's largest trade exhibition for the news publishing industry.</p><p>&quot;For our business the World Publishing Expo is one of the highlights of the year. We are committed to newspaper publishing and want to be present where our like-minded collaborators meet,&quot; says <strong>Ken Ehrnrooth</strong>, Vice President, Sales, News &amp; Retail in UPM Paper ENA. </p><p>In three Expo days visitors will have the opportunity to see and discuss where the publishing business is heading and hear what the current hot topics are. </p><p>&quot;We will present our comprehensive product range for newspaper publishing and share the latest news in product development side. Sustainability, commercial coldset web offset printing as well as innovations are high on our agenda, too,&quot; Ehrnrooth says.</p><p>UPM is continuously developing its offering to meet the needs of its customers. Its extensive paper range for coldset web offset printing enables higher quality printed products with exceptional haptic properties. </p><p>&quot;We are working close to our customers to further develop both our products and services. It is in our mutual interest to keep print competitive.&quot;</p><p>Find UPM newsprint experts on stand 428, hall C.</p><p><strong>For further information please contact&#58;<br></strong>Ken Ehrnrooth, Vice President, Sales, News &amp; Retail, UPM Paper ENA, tel. +358 40 521 0581</p><p><strong>For communications support (language versions, pictures) please contact&#58;<br></strong>Terhi Jokinen, Communications Manager, UPM Paper ENA, <br>terhi.jokinen@upm.com tel. +358 40 566 1000</p><p><strong>UPM Paper ENA</strong><br><strong> </strong>UPM Paper ENA (Europe and North America) is the world's leading producer of graphic papers, offering an extensive product range for advertising and publishing as well as home and office uses. The high performing papers and service concepts of UPM add value to our customers' businesses, while actively fulfilling demanding environmental and social responsibility criteria. With headquarters in Germany, UPM Paper ENA employs approximately 9,000 people. To learn more about UPM Paper ENA visit&#58; <a href="http&#58;//www.upmpaper.com/"><span lang="EN-US" style="text-decoration&#58;underline;">www.upmpaper.com</span></a></p><p>Follow UPM paper businesses on <a href="https&#58;//www.twitter.com/UPM_Papers"><span lang="EN-US" style="text-decoration&#58;underline;">Twitter</span></a></p><p><strong>UPM<br></strong>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 Specialty Papers, UPM Paper ENA (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 – <a href="http&#58;//www.upm.com/"><span lang="EN-GB" style="text-decoration&#58;underline;">www.upm.com</span></a></p><p>Follow UPM on <a href="https&#58;//www.twitter.com/UPM_News"><span lang="EN-US" style="text-decoration&#58;underline;">Twitter</span></a> | <a href="https&#58;//www.linkedin.com/company/upm-kymmene"><span lang="EN-US" style="text-decoration&#58;underline;">LinkedIn</span></a> | <a href="https&#58;//www.facebook.com/UPMGlobal"><span lang="EN-US" style="text-decoration&#58;underline;">Facebook</span></a> | <a href="https&#58;//www.youtube.com/user/upmdotcom"><span lang="EN-US" style="text-decoration&#58;underline;">YouTube</span></a> | <a href="https&#58;//www.instagram.com/upmbiofore/"><span lang="EN-US" style="text-decoration&#58;underline;">Instagram</span></a><span lang="EN-US" style="text-decoration&#58;underline;"> </span>| <a href="https&#58;//www.upmbiofore.fi/"><span lang="EN-US" style="text-decoration&#58;underline;">upmbiofore.com</span></a></p><p><strong>World Publishing Expo<br></strong>World Publishing Expo, organised by the World Association of Newspapers and News Publishers (WAN-IFRA) is the one-stop global meeting point of the news media industry offering in-depth discussions and orientation in a congenial atmosphere. In 2017 the World Publishing Expo takes place in Berlin.</p><p>&#160;</p>GP0|#80f66fc0-c60d-4e2c-a1ed-b7e454bfdf4d;L0|#080f66fc0-c60d-4e2c-a1ed-b7e454bfdf4d|Press release;GTSet|#5f3597d4-e212-42ee-96a2-2301e0ef108baspx
UPM Paper ENA renews its organisational structure Martina Reuter, UPM2016-09-12T11:45:00Z<p>​(UPM, Augsburg, 12 September 2016 at 14&#58;45 EET) - UPM Paper ENA will simplify its organisational structure. The new model consists of two strategic business units (SBUs) with revised customer focus, product ownership and asset allocation.</p><p>The new SBUs are called News &amp; Retail (N&amp;R) and Magazines, Merchants &amp; Office (MM&amp;O).</p><p><strong>The following UPM Paper ENA Management Team appointments are valid as of 15 September&#58;</strong></p><p><strong>Anu Ahola</strong> has been appointed Senior Vice President, News &amp; Retail.<br><strong>Ruud van den Berg</strong> has been appointed Senior Vice President, Magazines, Merchants &amp; Office.</p><p><strong>Christian Thaler</strong> (Vice President, Business Control), <strong>Olli Heikkilä</strong> (Vice President, Business Processes and Solutions) and <strong>Daniel Schwab</strong> (Vice President, Human Resources) will continue in their current roles. All the management team members report to <strong>Winfried Schaur</strong>, Executive Vice President, UPM Paper ENA.</p><p><strong>For further information please contact&#58;</strong><br>Winfried Schaur, Executive Vice President, UPM Paper ENA, tel. <span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">+49 821 310 970 05<a title="Anrufen&#58; +49 821 310 970 05" 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;"></a></span></p><p><strong>UPM Paper ENA</strong><br>UPM Paper ENA (Europe and North America) is the world's leading producer of graphic papers, offering an extensive product range for advertising and publishing as well as home and office uses. The high performing papers and service concepts of UPM add value to our customers' businesses, while actively fulfilling demanding environmental and social responsibility criteria. With headquarters in Germany, UPM Paper ENA employs approximately 9,000 people. To learn more about UPM Paper ENA visit&#58; <a href="/" target="_blank"><span style="text-decoration&#58;underline;">www.upmpaper.com</span></a></p><p>Follow UPM paper businesses on <a href="https&#58;//www.twitter.com/UPM_Papers" target="_blank"><span style="text-decoration&#58;underline;">Twitter</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 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 - <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 <a href="https&#58;//www.twitter.com/UPM_News" target="_blank"><span style="text-decoration&#58;underline;">Twitter</span></a> | <a href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank"><span style="text-decoration&#58;underline;">LinkedIn</span></a> | <a href="https&#58;//www.facebook.com/UPMGlobal" target="_blank"><span style="text-decoration&#58;underline;">Facebook</span></a> | <a href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank"><span style="text-decoration&#58;underline;">YouTube</span></a> | <a href="https&#58;//www.instagram.com/upmbiofore/" target="_blank"><span style="text-decoration&#58;underline;">Instagram</span></a> | <a href="https&#58;//www.upmbiofore.fi/" target="_blank"><span style="text-decoration&#58;underline;">upmbiofore.com</span></a></p>GP0|#80f66fc0-c60d-4e2c-a1ed-b7e454bfdf4d;L0|#080f66fc0-c60d-4e2c-a1ed-b7e454bfdf4d|Press release;GTSet|#5f3597d4-e212-42ee-96a2-2301e0ef108baspx
UPM retains the industry leader position in the Dow Jones Sustainability Europe Index for the fifth time in a rowTarja Sammalkorpi, UPM2016-09-08T06:00:00Z<p>​(UPM, Helsinki, 8 September 2016 at 09.00 EET)&#160; - UPM has been listed as the forest and paper industry leader in the Dow Jones Sustainability Europe Index (DJSI) for 2016-2017. </p><p><img src="http&#58;//assets-upmpaper-edit.group.upm.com/images1/whats-new/News/Dow%20Jones.jpg" alt="" style="margin&#58;5px 5px 5px 0px;" />&#160;</p><p>&quot;We believe that customers, investors and other stakeholders value our responsible operations that keep risks under control and create business opportunities. Innovations such as lighter publication paper grades, renewable diesel or biochemicals e.g. for medical end-uses create benefits to our stakeholders and the society, and thereby increase the company value. Being listed as the top company in the Dow Jones Sustainability Index in Europe shows that we have been succeeding in our actions and engagement and that the results are also noted outside&quot;, says <strong>Pirkko Harrela</strong>, Executive Vice President, Stakeholder Relations. </p><p>The annual Corporate Sustainability Assessment is conducted by an investment specialist RobecoSAM, and is based on a rigorous analysis of economic, environmental and social performance of the world's leading companies, assessing issues covering climate change strategies, supply chain standards, labour practices, corporate governance and risk management. The DJSI follows a best-in-class approach, recognising companies across all industries that outperform their peers in sustainability metrics. </p><p><strong>For further information please contact&#58;</strong><br>Sami Lundgren, Vice President, UPM, Environment and Responsibility, tel. +358 40 580 0910</p><p><strong>UPM, Media Relations </strong><br>9.00-16.00 EET<br>tel. +358 40 588 3284 <br><a href="mailto&#58;media@upm.com" target="_blank"><span style="text-decoration&#58;underline;">media@upm.com</span></a></p><p>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 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 20,000 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - www.upm.com</p><p>Follow UPM on <a href="https&#58;//twitter.com/UPM_News" target="_blank"><span style="text-decoration&#58;underline;">Twitter</span></a> <strong>|</strong> <a href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank"><span style="text-decoration&#58;underline;">LinkedIn</span></a> <strong>|</strong> <a href="https&#58;//www.facebook.com/UPMGlobal" target="_blank"><span style="text-decoration&#58;underline;">Facebook</span></a> <strong>|</strong> <a href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank"><span style="text-decoration&#58;underline;">YouTube</span></a> <strong>|</strong> <a href="https&#58;//www.instagram.com/upmbiofore/" target="_blank"><span style="text-decoration&#58;underline;">Instagram</span></a> <strong>|</strong> <a href="https&#58;//www.upmbiofore.com/" target="_blank"><span style="text-decoration&#58;underline;">upmbiofore.com</span></a></p><p>&#160;</p>GP0|#80f66fc0-c60d-4e2c-a1ed-b7e454bfdf4d;L0|#080f66fc0-c60d-4e2c-a1ed-b7e454bfdf4d|Press release;GTSet|#5f3597d4-e212-42ee-96a2-2301e0ef108baspx