UPM Interim Report January–September 2013

UPM´s profitability recovered thanks to lower cost in European paper operations and strong cash flow from operations

 
Q3/2013 (compared with Q3/2012)

• Earnings per share excluding special items were EUR 0.26 (0.16),    and reported EUR 0.26 (0.07)
• Operating profit excluding special items was EUR 194 million, 7.8%  of sales (126 million, 4.9%)
• EBITDA was EUR 311 million, 12.6% of sales (313 million, 12.1% of sales)
• 25% of the targeted annualised EUR 200 million cost savings achieved in Q3/2013
• Operating cash flow was EUR 286 million, net debt decreased to EUR 3,301 million

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UPM Q3-2013

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