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UPM’s good performance and favourable market demand continuedk7411642017-07-25T06:15:00Z<p>UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160; Half year financial report &#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;25 July 2017 at 9&#58;15 EET&#160;</p><p><strong>UPM's good performance and favourable market demand continued</strong><strong>&#160;</strong></p><p><strong>Q2 2017 highlights</strong></p><ul><li>Comparable EBIT increased by 2% to EUR 270 million (264 million in Q2 2016).</li><li>Favourable market demand continued.</li><li>High maintenance activity and seasonally higher fixed costs impacted comparable EBIT by approximately EUR -20 million compared with Q2 2016, EUR -45 million compared with Q1 2017.</li><li>Solid operating cash flow at EUR 269 million (434 million).</li><li>Net debt decreased to EUR 1,046 million (1,876 million).</li><li>UPM announced new focused investments at the Kaukas pulp mill and Tampere labelstock factory.</li></ul><p><strong></strong>&#160;</p><p><strong>H1 2017 highlights</strong></p><ul><li>Comparable EBIT increased by 5% to EUR 575 million (545 million in H1 2016).</li><li>Five business areas increased their comparable EBIT.</li><li>Growth initiatives contributed to the comparable EBIT growth.</li><li>Successful mitigation of raw material cost pressures.</li><li>Strong operating cash flow at EUR 665 million (775 million).</li><li>UPM announced divestments of hydropower assets in Germany, Austria and the US.</li></ul><p>&#160;</p><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width&#58;14.28%;"><strong>Key figures</strong></td><td class="ms-rteTable-default" style="width&#58;14.28%;">Q2/2017</td><td class="ms-rteTable-default" style="width&#58;14.28%;">Q2/2016</td><td class="ms-rteTable-default" style="width&#58;14.28%;">Q1/2017</td><td class="ms-rteTable-default" style="width&#58;14.28%;">Q1-Q2/2017</td><td class="ms-rteTable-default" style="width&#58;14.28%;">Q1-Q2/2016</td><td class="ms-rteTable-default" style="width&#58;14.28%;">Q1-Q4/2016</td></tr><tr><td class="ms-rteTable-default">Sales, EURm</td><td class="ms-rteTable-default">2,464</td><td class="ms-rteTable-default">2,445</td><td class="ms-rteTable-default">2,482</td><td class="ms-rteTable-default">4,946</td><td class="ms-rteTable-default">4,891</td><td class="ms-rteTable-default">9,812</td></tr><tr><td class="ms-rteTable-default">Comparable EBITDA, EURm</td><td class="ms-rteTable-default">349</td><td class="ms-rteTable-default">385</td><td class="ms-rteTable-default">405</td><td class="ms-rteTable-default">755</td><td class="ms-rteTable-default">788</td><td class="ms-rteTable-default">1,560</td></tr><tr><td class="ms-rteTable-default">&#160;&#160; % of sales</td><td class="ms-rteTable-default">14.2</td><td class="ms-rteTable-default">15.8</td><td class="ms-rteTable-default">16.3</td><td class="ms-rteTable-default">15.3</td><td class="ms-rteTable-default">16.1</td><td class="ms-rteTable-default">15.9</td></tr><tr><td class="ms-rteTable-default">Operating profit, EURm</td><td class="ms-rteTable-default">269</td><td class="ms-rteTable-default">262</td><td class="ms-rteTable-default">312</td><td class="ms-rteTable-default">581</td><td class="ms-rteTable-default">539</td><td class="ms-rteTable-default">1,135</td></tr><tr><td class="ms-rteTable-default">Comparable EBIT, EURm</td><td class="ms-rteTable-default">270</td><td class="ms-rteTable-default">264</td><td class="ms-rteTable-default">305</td><td class="ms-rteTable-default">575</td><td class="ms-rteTable-default">545</td><td class="ms-rteTable-default">1,143</td></tr><tr><td class="ms-rteTable-default">&#160;&#160; % of sales</td><td class="ms-rteTable-default">11.0</td><td class="ms-rteTable-default">10.8</td><td class="ms-rteTable-default">12.3</td><td class="ms-rteTable-default">11.6</td><td class="ms-rteTable-default">11.1</td><td class="ms-rteTable-default">11.6</td></tr><tr><td class="ms-rteTable-default">Profit before tax, EURm</td><td class="ms-rteTable-default">258</td><td class="ms-rteTable-default">250</td><td class="ms-rteTable-default">299</td><td class="ms-rteTable-default">557</td><td class="ms-rteTable-default">513</td><td class="ms-rteTable-default">1,080</td></tr><tr><td class="ms-rteTable-default">&#160;&#160; Comparable profit before tax, EURm</td><td class="ms-rteTable-default">258</td><td class="ms-rteTable-default">252</td><td class="ms-rteTable-default">291</td><td class="ms-rteTable-default">550</td><td class="ms-rteTable-default">519</td><td class="ms-rteTable-default">1,089</td></tr><tr><td class="ms-rteTable-default">Profit for the period, EURm</td><td class="ms-rteTable-default">205</td><td class="ms-rteTable-default">198</td><td class="ms-rteTable-default">240</td><td class="ms-rteTable-default">444</td><td class="ms-rteTable-default">425</td><td class="ms-rteTable-default">880</td></tr><tr><td class="ms-rteTable-default">Comparable profit for the period, EURm</td><td class="ms-rteTable-default">205</td><td class="ms-rteTable-default">200</td><td class="ms-rteTable-default">234</td><td class="ms-rteTable-default">440</td><td class="ms-rteTable-default">425</td><td class="ms-rteTable-default">879</td></tr><tr><td class="ms-rteTable-default">Earnings per share (EPS), EUR</td><td class="ms-rteTable-default">0.38</td><td class="ms-rteTable-default">0.37</td><td class="ms-rteTable-default">0.45</td><td class="ms-rteTable-default">0.83</td><td class="ms-rteTable-default">0.80</td><td class="ms-rteTable-default">1.65</td></tr><tr><td class="ms-rteTable-default">&#160;&#160; Comparable EPS, EUR</td><td class="ms-rteTable-default">0.39</td><td class="ms-rteTable-default">0.37</td><td class="ms-rteTable-default">0.44</td><td class="ms-rteTable-default">0.82</td><td class="ms-rteTable-default">0.79</td><td class="ms-rteTable-default">1.65</td></tr><tr><td class="ms-rteTable-default">Return on equity (ROE), %</td><td class="ms-rteTable-default">10.2</td><td class="ms-rteTable-default">10.1</td><td class="ms-rteTable-default">11.8</td><td class="ms-rteTable-default">10.9</td><td class="ms-rteTable-default">10.9</td><td class="ms-rteTable-default">10.9</td></tr><tr><td class="ms-rteTable-default">Comparable ROE, %</td><td class="ms-rteTable-default">10.2</td><td class="ms-rteTable-default">10.2</td><td class="ms-rteTable-default">11.6</td><td class="ms-rteTable-default">10.8</td><td class="ms-rteTable-default">10.9</td><td class="ms-rteTable-default">10.9</td></tr><tr><td class="ms-rteTable-default">Return on capital employed (ROCE), %</td><td class="ms-rteTable-default">10.8</td><td class="ms-rteTable-default">9.9</td><td class="ms-rteTable-default">12.0</td><td class="ms-rteTable-default">11.2</td><td class="ms-rteTable-default">10.0</td><td class="ms-rteTable-default">10.5</td></tr><tr><td class="ms-rteTable-default">Comparable ROCE, %</td><td class="ms-rteTable-default">10.8</td><td class="ms-rteTable-default">10.0</td><td class="ms-rteTable-default">11.7</td><td class="ms-rteTable-default">11.1</td><td class="ms-rteTable-default">10.1</td><td class="ms-rteTable-default">10.6</td></tr><tr><td class="ms-rteTable-default">Operating cash flow, EURm</td><td class="ms-rteTable-default">269</td><td class="ms-rteTable-default">434</td><td class="ms-rteTable-default">396</td><td class="ms-rteTable-default">665</td><td class="ms-rteTable-default">775</td><td class="ms-rteTable-default">1,686</td></tr><tr><td class="ms-rteTable-default">Operating cash flow per share, EUR</td><td class="ms-rteTable-default">0.50</td><td class="ms-rteTable-default">0.81</td><td class="ms-rteTable-default">0.74</td><td class="ms-rteTable-default">1.25</td><td class="ms-rteTable-default">1.45</td><td class="ms-rteTable-default">3.16</td></tr><tr><td class="ms-rteTable-default">Equity per share at end of period, EUR</td><td class="ms-rteTable-default">15.14</td><td class="ms-rteTable-default">14.36</td><td class="ms-rteTable-default">14.92</td><td class="ms-rteTable-default">15.14</td><td class="ms-rteTable-default">14.36</td><td class="ms-rteTable-default">15.43</td></tr><tr><td class="ms-rteTable-default">Capital employed at the end of period, EURm</td><td class="ms-rteTable-default">9,965</td><td class="ms-rteTable-default">10,403</td><td class="ms-rteTable-default">9,919</td><td class="ms-rteTable-default">9,965</td><td class="ms-rteTable-default">10,403</td><td class="ms-rteTable-default">10,657</td></tr><tr><td class="ms-rteTable-default">Net debt at the end of period, EURm</td><td class="ms-rteTable-default">1,046</td><td class="ms-rteTable-default">1,876</td><td class="ms-rteTable-default">807</td><td class="ms-rteTable-default">1,046</td><td class="ms-rteTable-default">1,876</td><td class="ms-rteTable-default">1,131</td></tr><tr><td class="ms-rteTable-default">Net debt to EBITDA (last 12 m.)</td><td class="ms-rteTable-default">0.68</td><td class="ms-rteTable-default">1.25</td><td class="ms-rteTable-default">0.52</td><td class="ms-rteTable-default">0.68</td><td class="ms-rteTable-default">1.25</td><td class="ms-rteTable-default">0.73</td></tr><tr><td class="ms-rteTable-default">Personnel at the end of period</td><td class="ms-rteTable-default">20,096</td><td class="ms-rteTable-default">20,711</td><td class="ms-rteTable-default">19,301</td><td class="ms-rteTable-default">20,096</td><td class="ms-rteTable-default">20,711</td><td class="ms-rteTable-default">19,310</td></tr></tbody></table><p>&#160;</p><p><strong>Jussi Pesonen, President and CEO, comments on the Q2 result&#58;</strong><strong>&#160;</strong></p><p>&quot;UPM's comparable EBIT continued on an increasing track in Q2 despite clearly higher maintenance activity during the quarter. Operating cash flow was solid at EUR 269 million and net debt decreased to EUR 1,046 million.&#160;</p><p>Market demand was good and delivery growth continued in most businesses during the quarter. As expected, the higher maintenance activity resulted in temporarily higher fixed costs and lower operational efficiency. Moderate cost inflation continued but was mitigated by our own cost reduction measures and targeted price increases. Overall business conditions were favourable resulting in good performance.</p><p>UPM Biorefining benefitted from higher pulp prices, strong pulp demand and improved operational performance in UPM Biofuels. Profitability improved despite the maintenance shutdown at the UPM Pietarsaari pulp mill. UPM Raflatac and UPM Plywood maintained strong profitability and continued to show solid sales growth. UPM Specialty Papers achieved an excellent result. Thanks to the new specialty paper machine at UPM Changshu we have been able to grow the release liner business and improve our product mix even faster than expected.&#160;</p><p>UPM Paper ENA achieved a satisfactory result in the quarter most impacted by seasonal factors. Demand decline in Europe remained moderate. UPM Energy suffered from poor hydrological availability and prolonged maintenance activity at Olkiluoto power plant in Finland. As a result, power generation was exceptionally low during the quarter.&#160;</p><p>The focused growth projects over the recent years have been highly successful and have contributed to our profits and returns well. During the second quarter we introduced two further focused investments&#58; the Kaukas pulp mill efficiency and competitiveness improvement in Lappeenranta and the UPM Raflatac specialty labels expansion in Tampere, both of which are in Finland.&#160;&#160;</p><p>When it comes to longer-term growth, the discussions continue with the Government of Uruguay concerning infrastructure development and other local prerequisites for a potential pulp mill investment.&#160;</p><p>2017 has started well for us. Five out of our six businesses improved their performance during the first half of the year. Our businesses are performing well, and our cash flow and balance sheet enable us to distribute attractive dividend and simultaneously invest in profitable growth. We look confidently into the future and our opportunities for creating value from bioeconomy.&quot;&#160;</p><p><strong>Outlook for 2017</strong>&#160;</p><p>UPM's profitability improved significantly in 2016 and is expected to continue on a good level in 2017.&#160;</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.&#160;</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.&#160;</p><p>Q3 2017 is expected to include significantly less maintenance activity than Q2 2017 in UPM Biorefining, UPM Paper ENA and UPM Energy.</p><p>&#160;</p><p><strong>Webcast and press conference</strong>&#160;</p><p>UPM's President and CEO Jussi Pesonen will present the financial results in a webcast and a conference call for analysts and investors, held in English language, today at 13&#58;15 EET.&#160;</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.&#160;</p><p><strong>Webcast and conference call details&#58;</strong>&#160;</p><p>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/2017-07-25-q2" target="_blank"><span lang="EN-GB" style="text-decoration&#58;underline;">this link.</span></a>&#160;&#160;</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 event in order to ensure a timely start of the webcast.&#160;</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.&#160;</p><p>Conference call title&#58; <strong>UPM's Half Year Financial Report 2017</strong>&#160;</p><p><strong>Direct telephone numbers&#58;</strong>&#160;</p><p>BE&#58; +3224040635<br>DK&#58; <span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">+45 823 331 78<br></span>FI&#58; +358981710495<br>UK&#58; +442031940552<br>NO&#58; +4723500211<br>SE&#58; +46856642702<br>US&#58; +18557161597&#160;</p><p><strong>International telephone numbers with a pin code 65321220#</strong>&#160;</p><p>AU&#58; <span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">+61 29253 5844<a title="Anrufen&#58; +61 29253 5844" href="#" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;"><img title="Anrufen&#58; +61 29253 5844" alt="" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;" /></a></span><br>AT&#58; <span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">+43 19282 258<a title="Anrufen&#58; +43 19282 258" href="#" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;"><img title="Anrufen&#58; 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+81 3 4455 9554" alt="" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;" /></a></span><br>NL&#58; <span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">+31 20 716 8427<a title="Anrufen&#58; +31 20 716 8427" href="#" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;"><img title="Anrufen&#58; +31 20 716 8427" alt="" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;" /></a></span><br>SP&#58; <span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">+65 6307 7610<a title="Anrufen&#58; +65 6307 7610" href="#" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;"><img title="Anrufen&#58; +65 6307 7610" alt="" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;" /></a></span></p><p>**</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.&#160;</p><p>**&#160;</p><p>UPM-Kymmene Corporation<br>Pirkko Harrela<br>Executive Vice President, Stakeholder Relations&#160;</p><p><strong>UPM, Media Relations<br></strong>Mon–Fri from 9&#58;00 to 16&#58;00 EET<br>tel. <span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">+358 40 588 3284<a title="Anrufen&#58; +358 40 588 3284" href="#" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;"><img title="Anrufen&#58; +358 40 588 3284" alt="" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;" /></a></span><br><a href="mailto&#58;media@upm.com"><span lang="EN-US" 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 19,300 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 lang="EN-GB" style="text-decoration&#58;underline;">www.upm.com</span></a></p><p><span lang="EN-GB">Follow UPM on </span><a href="http&#58;//www.twitter.com/UPM_News" style="text-decoration&#58;underline;"><span lang="EN-GB">Twitter</span></a><span lang="EN-GB" style="text-decoration&#58;underline;"> </span>|<span lang="EN-GB" style="text-decoration&#58;underline;"> </span><a href="http&#58;//www.linkedin.com/company/upm-kymmene"><span lang="EN-GB" style="text-decoration&#58;underline;">LinkedIn</span></a><span lang="EN-GB" style="text-decoration&#58;underline;"> </span>|<strong> </strong><a href="http&#58;//www.facebook.com/UPMGlobal"><span lang="EN-GB" style="text-decoration&#58;underline;">Facebook</span></a><span lang="EN-GB" style="text-decoration&#58;underline;"> </span>|<span lang="EN-GB" style="text-decoration&#58;underline;"> </span><a href="https&#58;//www.youtube.com/user/upmdotcom"><span lang="EN-GB" style="text-decoration&#58;underline;">YouTube</span></a><span lang="EN-GB" style="text-decoration&#58;underline;"> </span>|<span lang="EN-GB" style="text-decoration&#58;underline;"> </span><a href="https&#58;//www.instagram.com/upmbiofore/"><span lang="EN-GB" style="text-decoration&#58;underline;">Instagram</span></a><span lang="EN-GB" style="text-decoration&#58;underline;"> </span>|<span lang="EN-GB" style="text-decoration&#58;underline;"> </span><a href="https&#58;//www.upmbiofore.com/"><span lang="EN-GB" 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>GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM nominated for the German Sustainability Award in the category Resource EfficiencyMari Hirvi, UPM2017-07-20T12:00:00Z<p>​<img src="http&#58;//assets-upmpaper.upm.com/images1/whats-new/News/Nominiert_Siegel_2018.png" class="ms-rtePosition-2" alt="" style="margin&#58;5px 15px;width&#58;148px;height&#58;149px;" />UPM has been nominated for the German Sustainability Award 2018 in this year's special category for resource efficiency. The prize will be awarded to a company that has proven to be taking successful measures towards resource and energy efficiency in its production and value chains. The criteria being evaluated include minimizing the use of raw material, energy, land, and water as well as innovative approaches to recycling and circular economy.<br></p><p>The German Sustainability Awards are considered to be Europe's most prestigious in the field of sustainable development. UPM is among five other contenders from different industries in the running for the special Resource efficiency award. The jury of the competition will choose the winners in September 2017 and the prizes will be given out on December 8th, 2017 in Düsseldorf, Germany as the highlight of the German Sustainability Conference.</p><p>More about the German Sustainability Awards on <a href="https&#58;//www.nachhaltigkeitspreis.de/sonstige/english-summary/">the official website</a>.<br></p><p><br></p>GP0|#ee3a8c1f-9811-4d10-aaa0-493f0ed07a23;L0|#0ee3a8c1f-9811-4d10-aaa0-493f0ed07a23|Other news;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM launches an exclusive magazine paper for CSWO printingSystem Account2017-07-13T11:00:03Z<p class="hugin">(UPM, Helsinki, 13 July 2017 at 11&#58;00 EET) - UPM, the world's leading paper manufacturer, has launched a new innovation, UPM Impresse plus C, a pioneering SC paper custom-developed for coldset web offset printing. UPM Impresse plus C offers a smoother, glossier finish and a unique, magazine-quality result that sets new benchmarks in CSWO printing.</p> <p class="hugin">The velvety finish and appealing texture enable superior-quality print reproduction characterised by intense colours and rich contrasts. This new innovation opens up a whole new range of business opportunities for CSWO printers, whilst also enabling more efficient utilization of press capacity.</p> <p class="hugin"><img alt="" class="hugin" height="85" id="Picture 3" src="https&#58;//hugin.info/165629/I/2120191/119747.jpg" width="128" /></p> <p class="hugin"><b class="hugin">Brighter, smoother and finer</b><br class="hugin">&quot;Customers with coldset presses told us they needed to make better use of their capacity and expand into new areas of commercial printing but they couldn't compete with the quality of heatset and rotogravure printers,&quot; explains <b class="hugin">Olli Juntunen</b>, Product Manager at UPM Jämsä River Mills in Finland. </p> <p class="hugin">&quot;We realized this called for a new, innovative product. Working closely with our customers, we devoted two years to extensive research and development until we were confident that UPM Impresse plus C met their exact requirements. The silky finish and smooth feel are exceptional.&quot;</p> <p class="hugin"><b class="hugin">Minimum resetting, maximum value</b><br class="hugin">For printers looking to stand out from the competition with commercial titles, inserts, value-added advertising and special-interest supplements, this revolutionary SC paper offers a cost-effective way of expanding their core business with minimum outlay.</p> <p class="hugin">UPM Impresse plus C is offered in three grammages&#58; 48 g/m², 51 g/m² and 54 g/m². Although special press settings are not strictly required for higher-quality results, UPM offers straightforward press/post-press recommendations for the best possible print quality.</p> <p class="hugin">For more on UPM Impresse plus C, please visit <a class="hugin" href="http&#58;//www.upmpaper.com/impresseplusc" target="_blank">www.upmpaper.com/impresseplusc</a>. Our sales experts are looking forward to your call.</p> <p class="hugin">For technical specifications, see our <a class="hugin" href="http&#58;//assets-upmpaper.upm.com/Shared%20Documents/downloads/UPM_Impresse_plus_C_EN.pdf" target="_blank">Fact Sheet</a>.</p> <p class="hugin">UPM Impresse Plus C is the latest world-class product launched by UPM this summer, following the <a class="hugin" href="http&#58;//www.upmpaper.com/whats-new/all-news/Pages/Faster%2c-smarter-paper-purchasing-with-UPM%27s-new-eOrder-service-001-Fri-30-Jun-2017-06-12.aspx" target="_blank">eOrder service</a> and ground-breaking <a class="hugin" href="http&#58;//www.upmpaper.com/whats-new/all-news/Pages/UPM-launches-a-new%2c-economical-solution-for-the-thin-print-market-001-Thu-22-Jun-2017-14-03.aspx" target="_blank">UPM EcoLite</a> paper.</p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Matthias Reh, Director, Product Portfolio, News &amp; Retail, UPM Paper ENA, <a class="hugin" href="mailto&#58;matthias.reh@upm.com" target="_blank">matthias.reh@upm.com</a>, <br class="hugin"> tel. +49 173 900 1475</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 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> <p><a href="http&#58;//hugin.info/165629/R/2120191/807663.jpg" target="_blank">Impresse plus C_brand pic_hires</a></p>GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
Faster, smarter paper purchasing with UPM's new eOrder serviceSystem Account2017-06-29T14:00:00Z<p class="hugin">(UPM, Helsinki, 29 June 2017 at 14&#58;00 EET) - UPM celebrates a digital milestone in 2017 with the launch of its new eOrder service, a groundbreaking online tool enabling speedy, transparent 24/7 order fulfilment through an intuitive, hassle-free digital interface.</p> <p class="hugin">The pioneering eOrder tool forms part of UPM's existing Customer Online (COL) portal, which already offers paper customers a variety of convenient services such as real-time order status tracking, access to account history, invoicing and inventories, product browsing, e-claims and sample requests.</p> <p class="hugin"><img alt="" class="hugin" height="417" id="Picture 3" src="https&#58;//hugin.info/165629/I/2116529/119329.png" width="626" /></p> <p class="hugin">With eOrder, real-time service now extends to the actual ordering process. The customer simply logs in, selects the product, the desired quantity and delivery date. The order is then submitted and processed automatically. The process is intuitive and easy to master, enabling customers to order paper online anytime and anywhere&#58; their delivery is now literally only a few clicks away.</p> <p class="hugin">The new tool marks a radical enhancement of the Customer Online (COL) portal as it takes UPM's digital services a significant step beyond just information-sharing.</p> <p class="hugin">&quot;The eOrder tool is more than just a convenient order channel. It is automatically aligned with our business processes and IT infrastructure, so we can give speedy confirmation of our delivery capabilities. We can guarantee our promise to the customer from the very moment the order is placed,&quot; explains <b class="hugin">Mark Hatfield</b>, Director of E-Business at UPM Paper ENA.</p> <p class="hugin">The official external rollout of eOrder began at the start of 2017 following a series of customer trials and fine-tuning last year. &quot;External implementation will be expanded in years to come based on our experiences this year,&quot; reveals Hatfield.</p> <p class="hugin">The initial feedback from customers has been encouraging. &quot;If you can use Amazon, you know how to place an order with eOrder, it's not more difficult. And you can see the delivery date right away; you don't have to wait for a confirmation,&quot; states <b class="hugin">Bastian Steinmetz</b> from Steinmetz Briefumschläge in Schenefeld, Germany.</p> <p class="hugin">The new eOrder service marks a natural continuation of UPM's benchmark-setting work as a digital pioneer. The palette of online services offered by UPM is unmatched by any other operator in the paper sector.</p> <p class="hugin">Although UPM will continue working to offer speedy, convenient online services - with a future focus on mobile apps - Hatfield hastens to add that personalized service will always remain part of the portfolio. &quot;We've always wanted to build alternative channels for our customers to work with us, but this doesn't mean that digital platforms will ever replace traditional face-to-face services,&quot; he concludes.</p> <p class="hugin">For further information, please visit <a class="hugin" href="/col" target="_blank">www.upmpaper.com/col</a> </p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Mark Hatfield, Director of E-Business, UPM Paper ENA, <a class="hugin" href="mailto&#58;mark.hatfield@upm.com" target="_blank">mark.hatfield@upm.com</a>, tel. +17732305309</p> <p class="hugin"><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"><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="/" 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> <p><a href="http&#58;//hugin.info/165629/R/2116529/805486.png" target="_blank">eOrder press release picture</a></p>GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
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="/" 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