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UPM launches a new, economical solution for the thin print marketSystem Account2017-06-22T14:00:00Z<p class="hugin" style="border-style&#58;none;">(UPM, Helsinki, 22 June 2017 at 14&#58;00 EET) - The Biofore company UPM has launched a new solution for the thin print market. The revolutionary paper, UPM EcoLite, has been specially designed to meet the needs of customers printing pharmaceutical leaflets and religious literature as well as user manuals and instructions. By choosing this new paper, UPM's customers will benefit from significant cost savings compared to a conventional paper solution.</p> <p class="hugin" style="border-style&#58;none;"><img alt="" class="hugin" height="255" id="Picture 2" src="https&#58;//hugin.info/165629/I/2115101/119071.jpg" width="453" /></p> <p class="hugin" style="border-style&#58;none;">&quot;The product is a result of extensive R&amp;D work at Kaipola mill in Finland. The name, UPM EcoLite, says it all&#58; In addition to being an ecological choice, it offers our customers an economical option without compromising on the reading experience or folding properties of the paper,&quot; stated <b class="hugin">Joonas Järvinen</b>, New Business Development Manager, News and Retail at UPM.</p> <p class="hugin" style="border-style&#58;none;">UPM EcoLite is available in 29, 32, 34 and 38 g/m<sup class="hugin" style="vertical-align&#58;text-top;font-size&#58;0.8em;">2</sup>. A lighter paper equals a smaller environmental footprint as it requires fewer raw materials, less water and less energy to produce and transport. </p> <p class="hugin" style="border-style&#58;none;">&quot;The development of lightweight papers is a perfect example of resource efficiency, which is one of the cornerstones of our sustainable operations. Our customers get the same printing area using less materials. At the same time, the environmental impacts of production and the supply chain as a whole decrease significantly,&quot; Järvinen added.</p> <p class="hugin" style="border-style&#58;none;">Over the past few years, UPM's performance and continuous work on corporate responsibility has been recognized by several international bodies. The company has been listed as the forest and paper industry leader in the Dow Jones Sustainability Europe Index (DJSI) for the fifth consecutive year. As of January 2016, UPM has been a member of UN Global Compact LEAD as the first forest industry company.</p> <p class="hugin" style="border-style&#58;none;">For further information on the new paper, please visit <a class="hugin" href="http&#58;//www.upmpaper.com/ecolite" target="_blank">www.upmpaper.com/ecolite</a></p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">For further information, please contact&#58;</b><br class="hugin"> Joonas Järvinen, New Business Development Manager, UPM Paper ENA<br class="hugin"> Tel. +358 400 448 314, joonas.jarvinen@upm.com</p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">UPM, Media Relations </b><br class="hugin"> Mon-Fri 9.00-16.00 EET<br class="hugin"> Tel. +358 40 588 3284</p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">About UPM Paper ENA</b><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 for home and office use. The high-performance papers and service concepts of UPM add value to our customers' businesses, while actively fulfilling demanding environmental and social responsibility criteria. With its headquarters in Germany, UPM Paper ENA employs approximately 8000 people. Find out more about UPM Paper ENA and its products at <a class="hugin" href="http&#58;//www.upmpaper.com" target="_blank">www.upmpaper.com</a></p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">About UPM</b><br class="hugin">Through its renewal 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 all recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 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">www.upm.com</a></p> <p class="hugin" style="border-style&#58;none;"><u class="hugin">Follow UPM on</u> <a class="hugin" href="https&#58;//twitter.com/UPM_Papers" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="http&#58;//upmbiofore.com" target="_blank">upmbiofore.com</a></p> <p><a href="http&#58;//hugin.info/165629/R/2115101/804765.jpg" target="_blank">EcoLite press release OMX</a></p>GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM highlights societal impacts in its EMAS reporting System Account2017-06-20T15:00:00Z<p class="hugin">(UPM, Helsinki, 20 June 2017 at 15&#58;00 EET) - UPM has taken the first steps to renew its reporting under The European Eco-Management and Audit Scheme (EMAS). Four of the company's mills have this year completed their EMAS Environmental Performance reports with locally relevant information on societal aspects and impacts. The mills are UPM Changshu paper mill in China, UPM Nordland paper mill in Germany, UPM Kaukas paper and pulp mills in Finland and UPM Fray Bentos pulp mill in Uruguay. The company will decide on its future EMAS reporting approach based on the feedback gained from its various internal and external stakeholders and the EMAS organisation.</p> <p class="hugin">&quot;We see ourselves as an integral part of the local communities. Being transparent with the environmental information and the impacts of our operations is very important, but we also want to share the societal aspects and impacts with our stakeholders&quot;, says <b class="hugin">Gabriele Wende</b>, Director, Reporting and product stewardship, UPM. </p> <p class="hugin">&quot;UPM has integrated&#160;responsibility data in its Annual Report already for the last 10 years. While the Annual Report is a great source of corporate-wide information, the detailed local report gives a new dimension to our local value creation&quot;, Wende continues. </p> <p class="hugin">&quot;By EMAS registration an organisation shows both its willingness and capability to commit to environmental responsibility&quot;, says <b class="hugin">Merja Saarnilehto</b>, Ministerial Adviser, Finnish Ministry of the Environment. &quot;Combining the environmental data with information about locally relevant societal aspects and impacts gives the local stakeholders even a wider overview of company's obligations and commitments. It also points out concrete measures the company has taken to reach them. In this, UPM leads by a good example&quot;, Saarnilehto continues.</p> <p class="hugin">&quot;Transparent reporting is one of the key elements fostering the added value of EMAS for companies, authorities and citizens. The commitment of UPM to transparently report on its environmental performance &#160;for over the last 20 years confirms the company's commitment to conducting an open dialogue with local stakeholders at its EMAS registered sites all over the world,&quot; says <b class="hugin">Hugo-Maria Schally,</b> Head of Unit 'Sustainable Production, Products &amp; Consumption' at DG Environment, European Commission.</p> <p class="hugin">&quot;Completing EMAS reporting with societal aspects and impacts is an interesting step to deepen this dialogue. The Commission follows with interest this evolution and its interaction with EMAS reporting&quot;, Schally concludes.</p> <p class="hugin">UPM pulp and paper mills registered in EMAS soon after the scheme was established in 1995, and has been persistent with registration since. In 2012 and 2013, UPM extended its Corporate EMAS registration to its mills outside Europe, to UPM Fray Bentos pulp mill in Uruguay and to UPM Changshu paper mill in China. </p> <p class="hugin">The rest of the paper and pulp mill specific EMAS reports and the corporate environmental statement will be published in the near future <a class="hugin" href="http&#58;//www.upm.com/Responsibility/fundamentals/Reporting/Pages/default.aspx" target="_blank">on UPM website</a>. The final registration is complete only when the Corporate EMAS registration 2016 has been approved. </p> <p class="hugin">Read more on UPM's socio-economic impacts at local level in an article on <a class="hugin" href="https&#58;//www.upmbiofore.com/upm/social-responsibility-integrated-in-local-environmental-reporting/" target="_blank">upmbiofore.com</a>. </p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Gabriele Wende, UPM, Director, Reporting and product stewardship, tel. +49&#160;175 1500 705.</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><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">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><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 19,300 people and its annual sales are approximately EUR 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">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
Interim Report Q1/2017: UPM businesses deliver a strong start for 2017Tarja Sammalkorpi, UPM2017-04-25T06:50:00Z<p><strong>Interim Report Q1/2017&#58; </strong><strong>UPM businesses deliver a strong start for 2017</strong></p><p><strong>Q1 2017 highlights</strong></p><ul><li>Comparable EBIT increased by 8% to EUR 305 million (281 million).</li><li>Strong operational efficiency and good growth in deliveries.</li><li>Operating cash flow was strong at EUR 396 million (341 million).</li><li>Net debt decreased to EUR 807 million (1,873 million).</li><li>UPM announced divestments of hydropower assets in Germany, Austria and the US.</li><li>UPM renewed its long-term financial targets in January.</li></ul><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width&#58;46%;"><strong>Key figures</strong> </td><td class="ms-rteTable-default" style="width&#58;11%;">Q1/2017 </td><td class="ms-rteTable-default" style="width&#58;11%;">Q1/2016 </td><td class="ms-rteTable-default" style="width&#58;11%;">Q4/2016 </td><td class="ms-rteTable-default" style="width&#58;14%;">Q1-Q4/2016 </td></tr><tr><td class="ms-rteTable-default" style="width&#58;46%;">Sales, EURm </td><td class="ms-rteTable-default" style="width&#58;11%;">2,482 </td><td class="ms-rteTable-default" style="width&#58;11%;">2,446 </td><td class="ms-rteTable-default" style="width&#58;11%;">2,476 </td><td class="ms-rteTable-default" style="width&#58;14%;">9,812 </td></tr><tr><td class="ms-rteTable-default" style="width&#58;46%;">Comparable EBITDA, EURm </td><td class="ms-rteTable-default" style="width&#58;11%;">405 </td><td class="ms-rteTable-default" style="width&#58;11%;">403 </td><td class="ms-rteTable-default" style="width&#58;11%;">349 </td><td class="ms-rteTable-default" style="width&#58;14%;">1,560 </td></tr><tr><td class="ms-rteTable-default" style="width&#58;46%;">% of sales </td><td class="ms-rteTable-default" style="width&#58;11%;">16.3 </td><td class="ms-rteTable-default" style="width&#58;11%;">16.5 </td><td class="ms-rteTable-default" style="width&#58;11%;">14.1 </td><td class="ms-rteTable-default" style="width&#58;14%;">15.9 </td></tr><tr><td class="ms-rteTable-default" style="width&#58;46%;">Operating profit, EURm </td><td class="ms-rteTable-default" style="width&#58;11%;">312 </td><td class="ms-rteTable-default" style="width&#58;11%;">277 </td><td class="ms-rteTable-default" style="width&#58;11%;">232 </td><td class="ms-rteTable-default" style="width&#58;14%;">1,135 </td></tr><tr><td class="ms-rteTable-default" style="width&#58;46%;">Comparable EBIT, EURm </td><td class="ms-rteTable-default" style="width&#58;11%;">305 </td><td class="ms-rteTable-default" style="width&#58;11%;">281 </td><td class="ms-rteTable-default" style="width&#58;11%;">283 </td><td class="ms-rteTable-default" style="width&#58;14%;">1,143 </td></tr><tr><td class="ms-rteTable-default" style="width&#58;46%;">% of sales </td><td class="ms-rteTable-default" style="width&#58;11%;">12.3 </td><td class="ms-rteTable-default" style="width&#58;11%;">11.5 </td><td class="ms-rteTable-default" style="width&#58;11%;">11.4 </td><td class="ms-rteTable-default" style="width&#58;14%;">11.6 </td></tr><tr><td class="ms-rteTable-default" style="width&#58;46%;">Profit before tax, EURm </td><td class="ms-rteTable-default" style="width&#58;11%;">299 </td><td class="ms-rteTable-default" style="width&#58;11%;">263 </td><td class="ms-rteTable-default" style="width&#58;11%;">231 </td><td class="ms-rteTable-default" style="width&#58;14%;">1,080 </td></tr><tr><td class="ms-rteTable-default" style="width&#58;46%;">Comparable profit before tax, EURm </td><td class="ms-rteTable-default" style="width&#58;11%;">291 </td><td class="ms-rteTable-default" style="width&#58;11%;">267 </td><td class="ms-rteTable-default" style="width&#58;11%;">282 </td><td class="ms-rteTable-default" style="width&#58;14%;">1,089 </td></tr><tr><td class="ms-rteTable-default" style="width&#58;46%;">Profit for the period, EURm </td><td class="ms-rteTable-default" style="width&#58;11%;">240 </td><td class="ms-rteTable-default" style="width&#58;11%;">227 </td><td class="ms-rteTable-default" style="width&#58;11%;">187 </td><td class="ms-rteTable-default" style="width&#58;14%;">880 </td></tr><tr><td class="ms-rteTable-default" style="width&#58;46%;">Comparable profit for the period, EURm </td><td class="ms-rteTable-default" style="width&#58;11%;">234 </td><td class="ms-rteTable-default" style="width&#58;11%;">225 </td><td class="ms-rteTable-default" style="width&#58;11%;">220 </td><td class="ms-rteTable-default" style="width&#58;14%;">879 </td></tr><tr><td class="ms-rteTable-default" style="width&#58;46%;">Earnings per share (EPS), EUR </td><td class="ms-rteTable-default" style="width&#58;11%;">0.45 </td><td class="ms-rteTable-default" style="width&#58;11%;">0.43 </td><td class="ms-rteTable-default" style="width&#58;11%;">0.35 </td><td class="ms-rteTable-default" style="width&#58;14%;">1.65 </td></tr><tr><td class="ms-rteTable-default" style="width&#58;46%;">Comparable EPS, EUR </td><td class="ms-rteTable-default" style="width&#58;11%;">0.44 </td><td class="ms-rteTable-default" style="width&#58;11%;">0.42 </td><td class="ms-rteTable-default" style="width&#58;11%;">0.41 </td><td class="ms-rteTable-default" style="width&#58;14%;">1.65 </td></tr><tr><td class="ms-rteTable-default" style="width&#58;46%;">Return on equity (ROE), % </td><td class="ms-rteTable-default" style="width&#58;11%;">11.8 </td><td class="ms-rteTable-default" style="width&#58;11%;">11.4 </td><td class="ms-rteTable-default" style="width&#58;11%;">9.3 </td><td class="ms-rteTable-default" style="width&#58;14%;">10.9 </td></tr><tr><td class="ms-rteTable-default" style="width&#58;46%;">Comparable ROE, % </td><td class="ms-rteTable-default" style="width&#58;11%;">11.6 </td><td class="ms-rteTable-default" style="width&#58;11%;">11.3 </td><td class="ms-rteTable-default" style="width&#58;11%;">10.9 </td><td class="ms-rteTable-default" style="width&#58;14%;">10.9 </td></tr><tr><td class="ms-rteTable-default" style="width&#58;46%;">Return on capital employed (ROCE), % </td><td class="ms-rteTable-default" style="width&#58;11%;">12.0 </td><td class="ms-rteTable-default" style="width&#58;11%;">9.9 </td><td class="ms-rteTable-default" style="width&#58;11%;">9.4 </td><td class="ms-rteTable-default" style="width&#58;14%;">10.5 </td></tr><tr><td class="ms-rteTable-default" style="width&#58;46%;">Comparable ROCE, % </td><td class="ms-rteTable-default" style="width&#58;11%;">11.7 </td><td class="ms-rteTable-default" style="width&#58;11%;">10.1 </td><td class="ms-rteTable-default" style="width&#58;11%;">11.4 </td><td class="ms-rteTable-default" style="width&#58;14%;">10.6 </td></tr><tr><td class="ms-rteTable-default" style="width&#58;46%;">Operating cash flow, EURm </td><td class="ms-rteTable-default" style="width&#58;11%;">396 </td><td class="ms-rteTable-default" style="width&#58;11%;">341 </td><td class="ms-rteTable-default" style="width&#58;11%;">405 </td><td class="ms-rteTable-default" style="width&#58;14%;">1,686 </td></tr><tr><td class="ms-rteTable-default" style="width&#58;46%;">Operating cash flow per share, EUR </td><td class="ms-rteTable-default" style="width&#58;11%;">0.74 </td><td class="ms-rteTable-default" style="width&#58;11%;">0.64 </td><td class="ms-rteTable-default" style="width&#58;11%;">0.76 </td><td class="ms-rteTable-default" style="width&#58;14%;">3.16 </td></tr><tr><td class="ms-rteTable-default" style="width&#58;46%;">Equity per share at end of period, EUR </td><td class="ms-rteTable-default" style="width&#58;11%;">14.92 </td><td class="ms-rteTable-default" style="width&#58;11%;">14.94 </td><td class="ms-rteTable-default" style="width&#58;11%;">15.43 </td><td class="ms-rteTable-default" style="width&#58;14%;">15.43 </td></tr><tr><td class="ms-rteTable-default" style="width&#58;46%;">Capital employed at the end of period, EURm </td><td class="ms-rteTable-default" style="width&#58;11%;">9,919 </td><td class="ms-rteTable-default" style="width&#58;11%;">11,000 </td><td class="ms-rteTable-default" style="width&#58;11%;">10,657 </td><td class="ms-rteTable-default" style="width&#58;14%;">10,657 </td></tr><tr><td class="ms-rteTable-default" style="width&#58;46%;">Net debt at the end of period, EURm </td><td class="ms-rteTable-default" style="width&#58;11%;">807 </td><td class="ms-rteTable-default" style="width&#58;11%;">1,873 </td><td class="ms-rteTable-default" style="width&#58;11%;">1,131 </td><td class="ms-rteTable-default" style="width&#58;14%;">1,131 </td></tr><tr><td class="ms-rteTable-default" style="width&#58;46%;">Net debt to EBITDA (last 12 m.) </td><td class="ms-rteTable-default" style="width&#58;11%;">0.52 </td><td class="ms-rteTable-default" style="width&#58;11%;">1,31 </td><td class="ms-rteTable-default" style="width&#58;11%;">0.73 </td><td class="ms-rteTable-default" style="width&#58;14%;">0.73 </td></tr><tr><td class="ms-rteTable-default" style="width&#58;46%;">Personnel at the end of period </td><td class="ms-rteTable-default" style="width&#58;11%;">19,301 </td><td class="ms-rteTable-default" style="width&#58;11%;">19,870 </td><td class="ms-rteTable-default" style="width&#58;11%;">19,310 </td><td class="ms-rteTable-default" style="width&#58;14%;">19,310 </td></tr></tbody></table><p><strong><br>Jussi Pesonen, President and CEO, comments on Q1 result&#58;</strong></p><p>&quot;UPM started year 2017 with a successful quarter. Our performance continued on a high level thanks to strong operational efficiency and good growth in deliveries. Our comparable EBIT increased by 8% to EUR 305 million and our balance sheet strengthened further. Operating cash flow was strong at EUR 396 million and our net debt decreased to EUR 807 million.</p><p>Growth was the main driver of the improved financial performance. Demand was good for most of our products and markets, particularly in Asia, and we were able to serve the increasing customer demand with the help of our recent growth initiatives. While we enjoyed a favourable market environment, we also experienced moderate input cost inflation, which we managed to contain well.</p><p>All businesses performed well during the first quarter. UPM Biorefining reached record production in Pulp, Biofuels and Timber. Our recent pulp debottlenecking investments have been successful and the ongoing investment at UPM Kymi pulp mill is proceeding well. </p><p>UPM Specialty Papers enjoyed strong markets and made good progress in driving its product mix forward, enabled by the new specialty paper machine in China. All of this was evident in the strong result for the quarter. </p><p>Both UPM Raflatac and UPM Plywood achieved record profits in the quarter, thanks to strong sales volumes and a favourable product mix. In Raflatac our efforts to strengthen our commercial capabilities are paying off and the labelstock investment in Poland is proceeding well. In Plywood, the Otepää investment in Estonia is already contributing to profitable growth in birch plywood.</p><p>UPM Paper ENA delivered another good quarter. We announced sale agreements of hydropower facilities in Germany, Austria and the US, which will add to Paper ENA's strong cash flow later this year. UPM Energy profits decreased due to a mild winter and low hydropower volumes. </p><p>We look confidently to the future as shown by our new ambitious long-term financial targets announced in January. We have competitive businesses with strong market positions and attractive growth opportunities. Going forward we continue to aim higher with our performance. With our cash flow and balance sheet we can distribute attractive dividends and invest in profitable growth simultaneously.&quot;</p><p><strong>Outlook for 2017</strong></p><p>UPM's profitability improved significantly in 2016 and is expected to remain on a good level in 2017.</p><p>Demand growth is expected to continue for most of UPM's businesses, while demand decline is expected to continue for UPM Paper ENA. The focused growth projects continue to contribute gradually to UPM's performance.</p><p>Following a deflationary environment in recent years, 2017 is expected to show modest input cost inflation. UPM will continue measures to reduce fixed and variable costs to mitigate this.</p><p>In Q2 2017, UPM's performance will be impacted by higher maintenance activity, especially in UPM Biorefining, UPM Paper ENA and UPM Energy, compared with Q1 2017.</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 joined 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"><span style="text-decoration&#58;underline;">www.upm.com</span></a> or through <a href="https&#58;//upm.videosync.fi/2017-04-25-q1"><span 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 the conference call to ensure a timely start.</p><p>The presentation is available at <a href="http&#58;//www.upm.com/Pages/default.aspx"><span 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 - March 2017</strong></p><p><strong>Direct telephone numbers&#58;</strong></p><p>BE&#58; +3224040635<br>DK&#58; +45 823 331 78<br>FI&#58; +358981710495<br>UK&#58; +442031940552<br>NO&#58; +4723500211<br>SE&#58; +46856642702<br>US&#58; +18557161597</p><p><strong>International telephone numbers with a pin code 29298243#</strong></p><p>AU&#58; +61 29253 5844<br>AT&#58; +43 19282 258&#160; &#160;<br>CH&#58; +44 44580 0083&#160; &#160;<br>CN&#58; +86 400 681 5421&#160; &#160;<br>DE&#58; +49 030 221 510 067&#160; &#160;<br>ES&#58; +34 911 143 608&#160; &#160;<br>FR&#58; +332 9092 0977&#160; &#160;<br>HK&#58; +852 3068 9834&#160; &#160;<br>IN&#58; 0018038524634<br>IR&#58; +353 1696 8154&#160; &#160;<br>IT&#58; +39 2 3604 6798&#160; &#160;<br>JP&#58; +81 3 4455 9554&#160; &#160;<br>NL&#58; +31 20 716 8427&#160; &#160;<br>SP&#58; +65 6307 7610&#160; &#160;</p><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 115 of the 2016 Annual Report. Risks and opportunities are discussed on pages 22-23 and risks and risk management are presented on pages 98-99 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</strong><br>Mon-Fri from 9&#58;00 to 16&#58;00 EET<br>tel. +358 40 588 3284<a href="http&#58;//www.upm.com/About-us/Newsroom/Releases/Pages/Interim-Report-Q12017-UPM-businesses-deliver-a-strong-start-for-2017-001-Tue-25-Apr-2017-09-51.aspx#"><span style="text-decoration&#58;underline;">&#160; &#160;</span></a><br><a href="mailto&#58;media@upm.com"><span style="text-decoration&#58;underline;">media@upm.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 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 19,300 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 style="text-decoration&#58;underline;">www.upm.com</span></a></p><p>Follow UPM on <a href="http&#58;//www.twitter.com/UPM_News"><span style="text-decoration&#58;underline;">Twitter</span></a> | <a href="http&#58;//www.linkedin.com/company/upm-kymmene"><span style="text-decoration&#58;underline;">LinkedIn</span></a> | <a href="http&#58;//www.facebook.com/UPMGlobal"><span style="text-decoration&#58;underline;">Facebook</span></a> | <a href="https&#58;//www.youtube.com/user/upmdotcom"><span style="text-decoration&#58;underline;">YouTube</span></a> | <a href="https&#58;//www.instagram.com/upmbiofore/"><span style="text-decoration&#58;underline;">Instagram</span></a> | <a href="https&#58;//www.upmbiofore.com/"><span style="text-decoration&#58;underline;">upmbiofore.com</span></a></p><p><strong>UPM</strong> presents certain performance measures of performance, financial position and cash flows, which are alternative performance measures in accordance with the guidance issued by the European Securities and Markets Authority (ESMA). The definitions of alternative performance measures are presented in notes to the consolidated financial statements in UPM Annual Report.</p><p><a href="http&#58;//hugin.info/165629/R/2098377/794744.pdf"><span style="text-decoration&#58;underline;">UPM Interim Report Q1 2017</span></a></p>GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM's Zero Solid Waste to Landfill initiative wins the Midwest Regional Sustainability Award in the USSystem Account2017-04-21T15:00:00Z<p class="hugin">(UPM, Helsinki, 21 April 2017 at 15&#58;00 EET) - UPM's Zero Solid Waste to Landfill initiative received the Gold Award in the Midwest Region Sustainability competition challenged by the Institute for Supply Management (ISM) Chicago. According to the panel of judges, UPM's initiative stands out as an excellent example highlighting Supply Managers' responsibility to lead, drive and influence sustainability initiatives within an organization. </p> <p class="hugin" style="clear&#58;both;"><img align="left" alt="" class="hugin" height="381" hspace="12" src="https&#58;//hugin.info/165629/I/2097690/116945.jpg" width="183" />UPM's Zero Solid Waste to Landfill initiative, launched in 2016<b class="hugin">,</b> is one of the ways in which UPM contributes to the United Nations sustainable development goals for the year 2030. The initiative focuses on five of the most challenging production side streams to recycle, starting in UPM's home country, Finland. The waste fractions are ash, sludge, sandy bark, dregs and mixed waste. The project's main goal is creating a permanent and scalable operational model around the existing forms of recycling and reuse of these challenging side streams, but it also looks into finding completely new, innovative ways to recycle and reuse the solid waste that has previously ended up in landfills. At UPM approximately 90 per cent of production waste is already today recycled or reused. Before initiating this project, UPM already had zero solid waste to landfill operations at its mills in Austria and Germany.</p> <p class="hugin">&quot;UPM achieved both waste and cost savings from their Zero Solid Waste to Landfill efforts, showing how significant progress can be made to simultaneously reduce cost and support sustainable initiatives,&quot; says <b class="hugin">Scott Daniels</b>, ISM Chicago Sustainability Chair.</p> <p class="hugin">&quot;We are very impressed that our initiative was so highly recognized,&quot; says <b class="hugin">Jennifer Wilkerson,</b> Director, Business Development and Marketing, UPM Paper ENA (Europe and North America). &quot;The excellent results so far in the Zero Solid Waste to Landfill Initiative is, of course, a result of active networking both internally and with external partners,&quot; Jennifer tells.</p> <p class="hugin">UPM's comprehensive side stream based product portfolio includes already, for example<br class="hugin">- Renewable diesel and naphtha from tall oil, a residue from company's pulp production<br class="hugin">- Biocomposites from recycled paper and plastic which is manufacturing surplus from company's self-adhesive label materials production<br class="hugin">- Recycled nutrients from side stream ash and sludge<br class="hugin">- Soil stabilisation products out of dregs and ash <br class="hugin">- Geopolymers and concrete binders from dregs and ash<br class="hugin">- Forest fertilisers and alkaline replacements out of ash from biomass incineration<br class="hugin">- Biogas out of primary and bio sludge<br class="hugin">- Wood waste side streams to composting and substrates</p> <p class="hugin">A million tonnes of UPM paper is used in the United States annually. UPM has a paper mill in Minnesota and 700&#160;000 tonnes of UPM paper is delivered every year from Europe.</p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Pekka Ståhlberg, Director, Business Support, UPM Biorefining, tel. +358 50&#160;366 3434<br class="hugin">Jennifer Wilkerson, Director, Business Development and Marketing, UPM Paper ENA, tel. +1&#160;630&#160;947 3019</p> <p class="hugin">To read more about UPM's responsibility approach, please visit www.upm.com &gt; <a class="hugin" href="http&#58;//www.upm.com/Responsibility/Pages/default.aspx" target="_blank">Responsibility</a>. Also, see a series of articles about the project on upmbiofore.com&#58; <a class="hugin" href="https&#58;//www.upmbiofore.com/upm/the-best-way-of-disposing-mixed-waste-is-minimising-its-production/" target="_blank">https&#58;//www.upmbiofore.com/upm/the-best-way-of-disposing-mixed-waste-is-minimising-its-production/</a> </p> <p class="hugin"><b class="hugin">UPM Paper ENA</b><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 actively fulfilling demanding environmental and social responsibility criteria. With headquarters in Germany, UPM Paper ENA employs approximately 8,000 people. To learn more about UPM Paper ENA visit&#58; <a class="hugin" href="http&#58;//www.upmpaper.com" target="_blank">www.upmpaper.com</a></p> <p class="hugin">Follow UPM Paper ENA &#160;on <a class="hugin" href="https&#58;//www.twitter.com/UPM_Papers" target="_blank">Twitter</a></p> <p class="hugin"><b class="hugin">UPM</b><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 19,300 people and its annual sales are approximately EUR 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">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//www.twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.fi/" target="_blank">upmbiofore.com</a></p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
Madison Paper Industries to sell its hydro power facilities in North America to Eagle Creek Renewable EnergySystem Account2017-04-18T08:30:00Z<p class="hugin">(UPM, Helsinki, 18 April 2017 at 8&#58;30 EET) - Madison Paper Industries, a partnership of UPM and Northern SC Paper Corp., a subsidiary of The New York Times Company, has signed an agreement on the sale of its hydro power facilities to Eagle Creek Renewable Energy, LLC, a hydroelectric power producer, based in Morristown, NJ, USA.</p> <p class="hugin">The transaction is still subject to third party approvals. The parties have agreed not to disclose the purchase price.</p> <p class="hugin">&quot;Eagle Creek is a well-known and experienced operator of hydroelectric power facilities in North America. The company focuses on CO<sub class="hugin" style="vertical-align&#58;baseline;font-size&#58;0.8em;">2</sub>-friendly power production and has a long term focused business strategy in this sector. As an integral part of an energy company the hydro power facilities can be operated and developed in an optimal way,&quot; says <b class="hugin">Ruud van den Berg</b>, Senior Vice President, Magazines, Merchants &amp; Office, UPM Paper ENA.</p> <p class="hugin">&quot;Eagle Creek is very pleased to broaden our footprint in central Maine. The Madison Paper Industries&#160; hydroelectric portfolio represents an excellent opportunity to build out our operations in the region through the acquisition of a well-maintained, high quality set of hydro facilities,&quot; says <b class="hugin">Bud Cherry</b>, CEO of Eagle Creek Renewable Energy.</p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Ruud van den Berg, Senior Vice President, Magazines, Merchants &amp; Office, UPM Paper ENA tel. +49 151 1215 8310<br class="hugin">Bernard H. Cherry, CEO, Eagle Creek Renewable Energy, LLC, tel. +1 973 998 8400</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><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">media@upm.com</a></p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">About Eagle Creek</b><br class="hugin">Eagle Creek Renewable Energy is an owner, operator and developer of hydroelectric power projects.&#160; Eagle Creek's projects provide clean energy to electricity consumers in North America while providing recreational opportunities and protecting historical resources and the environment. Eagle Creek was founded in 2010 to acquire, enhance, and operate small hydroelectric power facilities. Eagle Creek currently owns and operates a portfolio of approximately 180 MW of hydroelectric facilities across the United States.</p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">About Madison Paper Industries</b><br class="hugin">Madison Paper Industries is a partnership of UPM and Northern SC Paper Corp., a subsidiary of The New York Times Company.</p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">About UPM Paper ENA</b><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 actively fulfilling demanding environmental and social responsibility criteria. With headquarters in Germany, UPM Paper ENA employs approximately 8,000 people. More about UPM Paper ENA and its products at <a class="hugin" href="http&#58;//www.upmpaper.com" target="_blank">www.upmpaper.com</a></p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">About UPM</b><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 19,300 people and its annual sales are approximately EUR 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">www.upm.com</a></p> <p class="hugin" style="border-style&#58;none;">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="http&#58;//upmbiofore.com" target="_blank">upmbiofore.com</a></p> GP0|#c72b848f-2cb3-4c62-ac14-e72f6f391f59;L0|#0c72b848f-2cb3-4c62-ac14-e72f6f391f59|Investor news;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
International Printed Innovation of the Year awarded to Aftenposten Junior at newsawards 2017Tarja Sammalkorpi, UPM2017-04-13T11:00:00Z<p><img class="ms-rtePosition-2" src="http&#58;//assets-upmpaper.upm.com/images1/whats-new/News/Newsawards_414x517.jpg" alt="" style="margin&#58;5px 5px 5px 0px;width&#58;268px;height&#58;338px;" />​Norwegian children's newspaper Aftenposten Junior has been awarded the UPM Premier Award for International Printed Innovation of the Year at the newsawards 2017. The award ceremony took place in London on the 5<sup>th</sup> of April. </p><p>Aftenposten Junior is a weekly newspaper that is aimed at school-aged children, delivering news content in a way children can easily understand and helping them practice their reading skills. Topics covered by the newspaper include news from Norway and the rest of the world, sport, culture, and animals. </p><p>Aftenposten Junior, which is funded by parents and schools, was lauded by the newsawards judges as a 'great platform to help entice children into newspapers.' The newspaper was given recognition for its overall look and feel, with the judges describing its execution 'superb'. Congratulations!</p><h4>Other publications recognized in the category&#58;</h4><p>Highly Commended </p><p><strong>Kids News (Denmark)</strong></p><p>'This is a fantastic concept that nicely marries both print and digital content that truly targets children'. There was across the board praise for editorial content, with additional note made of climbing readership figures, use of children as reporters and the colourful and bright design.</p><p>Commended</p><p><strong>Big School &amp; What Next Magazines (MNA)</strong> Excellent publications. Bang on the target audience of young people and their parents. A superb A4 glossy format.</p><p><strong>Daily Jang (Pakistan)</strong> A genuine innovation with QR codes that has breathed life back into the title's classified section and shows how fresh thinking can bridge print and digital media to the benefit of print revenues.</p><p><strong>Discovery Print/DC Thomson</strong> Lovely use of cross pollination of print and digital, driving sales of printed product and online traffic.</p><p><strong>i – You Decide</strong> A pre-Brexit campaign that reached out to readers with useful, well-presented content.</p><p><strong>The New European</strong> A smart pop-up publishing concept that avoided the pitfalls of some other print start-ups. A newcomer worthy of recognition.</p><p>Read more about the winners of newsawards 2017 at&#58;<br><a href="http&#58;//www.newsawards.co.uk/wp-content/uploads/pdf/NAWinners2017.pdf" target="_blank">http&#58;//www.newsawards.co.uk/wp-content/uploads/pdf/NAWinners2017.pdf »</a></p>GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM to strengthen its improved newsprint offering: Production of UPM Brite family expands into AustriaSystem Account2017-04-11T16:30:00Z<p class="hugin">(UPM, Helsinki, 11 April 2017 at 16&#58;30 EET) - UPM Paper ENA has a strong foothold all over Europe. Local presence and supply reliability of its improved newsprint offering will now be further strengthened by expanding regular production of the UPM Brite family to the UPM Steyrermühl mill in Austria.</p> <p class="hugin">&quot;We already have wide geographical coverage in Germany, France and Finland, but the latest product development initiatives enable us to increase and strengthen our local presence in Central Europe and to improve our service promises to customers nearby,&quot; says <b class="hugin">Matthias Reh</b>, Product Portfolio Director at UPM Paper ENA.</p> <p class="hugin">UPM Brite papers are widely regarded as setting the industry benchmark for highest quality in improved newsprint grades. </p> <p class="hugin">&quot;Extended print runs at various coldset customers have proven a maximum of interchangeability between our local mills in Central Europe. We have been able to match the same standards of quality and are now offering the complete range of high-performance papers for coldset enduse from Austria as well.&quot;</p> <p class="hugin">The UPM Brite family offers a unique selection of choices in terms of brightness, bulk and basis weight. It offers a high performance platform for various printed products on coldset web offset machines. The UPM Brite family also meets the most demanding sustainability requirements. The paper is made of a combination of recycled and fresh fibre and it carries the EU Ecolabel guiding consumers who want to buy environmentally sound products. </p> <p class="hugin">UPM Brite papers are available in up to 80 brightness levels. For further information on the UPM Brite family, please visit <a class="hugin" href="http&#58;//www.upmpaper.com/papers/Pages/Brand.aspx?brid=19&amp;region=EMEA&amp;language=en-gb" target="_blank">UPM Paper Catalogue</a>.</p> <p class="hugin">UPM produces newsprint and improved newsprint at its six newsprint mills located in Austria, Germany, France, Finland and the UK.</p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Matthias Reh, Product Portfolio Director, News &amp; Retail, UPM Paper ENA, <a class="hugin" href="mailto&#58;matthias.reh@upm.com" target="_blank">matthias.reh@upm.com</a>, Tel. +49 173 900 1475</p> <p class="hugin"><b class="hugin">About UPM Paper ENA</b><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 actively fulfilling demanding environmental and social responsibility criteria. With headquarters in Germany, UPM Paper ENA employs approximately 8,000 people. More about UPM Paper ENA and its products at <a class="hugin" href="http&#58;//www.upmpaper.com" target="_blank">www.upmpaper.com</a></p> <p class="hugin"><b class="hugin">About UPM</b><br class="hugin">Through the renewal 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 19,300 people and its annual sales are approximately EUR 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">www.upm.com</a></p> <p class="hugin"><u class="hugin">Follow UPM on</u> <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="http&#58;//upmbiofore.com" target="_blank">upmbiofore.com</a></p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM to sell its hydro power facilities in Steyrermühl to Energie AGSystem Account2017-03-30T08:30:00Z<p class="hugin">(UPM, Helsinki, 30 March 2017 at 08&#58;30 EET) - UPM has signed an agreement on the sale of its hydro power facilities in Steyrermühl, Austria to Energie AG, an energy infrastructure company, located in Upper Austria.</p> <p class="hugin">The sale and purchase agreement is still subject to third party approvals. The parties have agreed not to disclose the purchase price.</p> <p class="hugin">&quot;With their broad experience and best available technology in hydro power generation the Austrian wide well-known EAG could better develop and optimize the hydro power facilities at the river Traun further, where the company already operates other hydro power assets,&quot; says <b class="hugin">Rainer Häring</b>, Director Energy, Western Europe, UPM Paper ENA.</p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Rainer Häring, Director Energy, Western Europe, UPM Paper ENA, tel. +49 173 9001470<br class="hugin">Michael Frostel MSc, Energie AG, Upper Austria, tel. +43 5 9000 3993<br class="hugin">Wolfgang Denk MSc, Energie AG, Upper Austria, tel. +43 5 9000 3569</p> <p class="hugin"><b class="hugin">For local information, please contact&#58;</b><br class="hugin">Ernst Spitzbart, General Manager, UPM Steyrermühl, tel. +43 7613 8900 359</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><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">media@upm.com</a></p> <p class="hugin"><b class="hugin">About EAG</b><br class="hugin">The Energie AG is the number one infrastructure group in Upper Austria. With their specialized business segments and subsidiary companies EAG works in the fields of energy, water and waste disposal, both in Austria and abroad. Thanks to the close cooperation among the business segments, the companies of the group and the holdings, EAG is able to offer their customers a wide range of high-quality products and services.</p> <p class="hugin"><b class="hugin">About UPM Paper ENA</b><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 8,000 people. More about UPM Paper ENA and its products at <a class="hugin" href="http&#58;//www.upmpaper.com" target="_blank">www.upmpaper.com</a></p> <p class="hugin"><b class="hugin">UPM</b><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 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a></p> <p class="hugin"><u class="hugin">Follow UPM on</u> <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#c72b848f-2cb3-4c62-ac14-e72f6f391f59;L0|#0c72b848f-2cb3-4c62-ac14-e72f6f391f59|Investor news;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM to sell its hydro power facilities in Schongau and Ettringen to erdgas schwabenSystem Account2017-03-22T08:30:00Z<p class="hugin">(UPM, Helsinki, 22 March 2017 at 08&#58;30 EET) - UPM has signed an agreement on the sale of its hydro power facilities in Schongau and Ettringen, Germany to erdgas schwaben gmbh, a regional energy company, located in Augsburg.</p> <p class="hugin">The sale and purchase agreement is still subject to third party approvals. The parties have agreed not to disclose the purchase price. The transaction does not have an effect on the employees working at UPM Schongau and UPM Ettringen mills.</p> <p class="hugin">&quot;erdgas schwaben is a deep-rooted energy company in Bavarian Swabia as well as a pioneer in power generation from renewable energy sources. As an integral part of an energy company the hydro power facilities could be better developed and optimized,&quot; says <b class="hugin">Rainer Häring</b>, Director Energy, Western Europe, UPM Paper ENA.</p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Rainer Häring, Director Energy, Western Europe, UPM Paper ENA, tel. +49 173 9001470<br class="hugin"> Klaus-Peter Dietmayer, Managing Director, erdgas schwaben gmbh, tel. +49 821 9002 100</p> <p class="hugin"><b class="hugin">For local information, please contact&#58;</b><br class="hugin">Wolfgang Ohnesorg, General Manager, UPM Schongau/Ettringen, tel. +49 8861 213&#160;122</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><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">media@upm.com</a></p> <p class="hugin"><b class="hugin">About erdgas schwaben</b><br class="hugin">The erdgas schwaben gmbh is a major energy supplier and producer of biogas energy in the region of Bavarian Swabia, Germany. In addition the company offers distribution and power generation made from renewable energy sources. Since 2002 private persons can be part of a local climate change package following the Kyoto protocol. erdgas schwaben employs around 318 people and the headquarter of the company is located in Augsburg, Germany.</p> <p class="hugin"><b class="hugin">About UPM Paper ENA</b><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 8,000 people. More about UPM Paper ENA and its products at <a class="hugin" href="http&#58;//www.upmpaper.com" target="_blank">www.upmpaper.com</a></p> <p class="hugin"><b class="hugin">UPM</b><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 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a></p> <p class="hugin"><u class="hugin">Follow UPM on</u> <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#c72b848f-2cb3-4c62-ac14-e72f6f391f59;L0|#0c72b848f-2cb3-4c62-ac14-e72f6f391f59|Investor news;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM Annual Report 2016 publishedTarja Sammalkorpi, UPM2017-02-28T07:45:00Z<p>UPM's Annual Report 2016 has been published online at <a href="http&#58;//www.upm.com/" target="_blank"><span style="text-decoration&#58;underline;">www.upm.com</span></a> and <a href="http&#58;//www.upm.fi/" target="_blank"><span style="text-decoration&#58;underline;">www.upm.fi</span></a>. The Annual Report including the company's Financial Statements and the Report of the Board of Directors for the period 1 January - 31 December 2016 is available in English and Finnish as a PDF file on the corporate website. </p><p>UPM has also published its Corporate Governance Statement 2016 and the Remuneration Statement dated 28 February 2017 on the corporate website in the Investors section under Governance (<a href="http&#58;//www.upm.com/governance" target="_blank"><span style="text-decoration&#58;underline;">www.upm.com/governance</span></a>). The statements are available as PDF files in English and in Finnish and can be downloaded. The Annual Report and the statements are also attached to this release.</p><p>UPM's Annual Report illustrates the essential information influencing UPM's long term success. Separate responsibility report is not published, but all information is integrated into one, third-party assured entirety. In the 2016 Annual Report, UPM highlights the results of the company transformation and reports how UPM creates economic, social and environmental value from its operations.</p><p>The printed Annual Report will be published on the week beginning on 13 March. The printed report can be ordered via e-mail at <a href="mailto&#58;info@upm.com" target="_blank"><span style="text-decoration&#58;underline;">info@upm.com</span></a>.</p><p>UPM-Kymmene Corporation<br>Pirkko Harrela<br>Executive Vice President, Stakeholder Relations</p><p><strong>UPM, Media Relations </strong><br>Mon-Fri 9&#58;00-16&#58;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><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 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 19,300 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"><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="https&#58;//www.upmbiofore.com/" target="_blank"><span style="text-decoration&#58;underline;">upmbiofore.com</span></a></p><p><a href="http&#58;//hugin.info/165629/R/2081401/784910.pdf" target="_blank"><span style="text-decoration&#58;underline;">UPM Annual Report 2016</span></a></p><p><a href="http&#58;//hugin.info/165629/R/2081401/784911.pdf" target="_blank"><span style="text-decoration&#58;underline;">Corporate Governance Statement 2016</span></a></p><p><a href="http&#58;//hugin.info/165629/R/2081401/784912.pdf" target="_blank"><span style="text-decoration&#58;underline;">Remuneration Statement 28 February 2017</span></a></p>GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx