Bli medlem
Bli medlem

Du är här

2021-07-22

UPM Half-Year Financial Report 2021: Earnings improved rapidly, UPM is fit for future growth

UPM-Kymmene Corporation        Stock Exchange Release (Half-Year Financial Report)        22 July 2021 at 9:30 EEST

UPM Half-Year Financial Report 2021:
Earnings improved rapidly, UPM is fit for future growth

Q2 2021 highlights

  • Sales increased by 15% to EUR 2,384 million (2,077 million in Q2 2020)
  • Comparable EBIT increased by 51% to EUR 307 million, 12.9% of sales (203 million, 9.8%)
  • Operating cash flow increased to EUR 308 million (156 million)
  • Demand for UPM’s products was strong, and overall, price increases more than offset rising input costs
  • Following the timely actions taken in H2 2020 costs were competitive and asset utilisation good
  • UPM signed an agreement to sell the UPM Shotton newsprint mill in the UK

H1 2021 highlights

  • Sales increased by 6% to EUR 4,618 million (4,364 million in H1 2020)
  • Comparable EBIT increased by 22% to EUR 586 million (482 million), and was 12.7% (11.0%) of sales
  • Operating cash flow was EUR 526 million (293 million)
  • UPM's transformative growth projects proceed on budget and on schedule
  • Net debt increased to EUR 750 million (301 million) and net debt to EBITDA ratio was 0.49 (0.19)
  • Cash funds and unused committed credit facilities totalled EUR 2.5 billion at the end of June
  • UPM started the basic engineering phase of a next-generation biofuels refinery in January
  • UPM joined The Climate Pledge in February, committed to reach the targets of the Paris Agreement 10 years in advance

Key figures

 Q2/2021Q2/2020Q1/2021Q1–Q2/2021Q1–Q2/2020Q1–Q4/2020
Sales, EURm2,384  2,077  2,234  4,618  4,364  8,580  
Comparable EBITDA, EURm426  320  389  816  719  1,442  
% of sales17.9  15.4  17.4  17.7  16.5  16.8  
Operating profit, EURm304  148  279  583  391  761  
Comparable EBIT, EURm307  203  279  586  482  948  
% of sales12.9  9.8  12.5  12.7  11.0  11.1  
Författare GlobeNewswire

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.