Bli medlem
Bli medlem

Du är här

2021-10-26

UPM Interim Report Q3 2021: UPM delivers a record quarter in an exceptionally volatile global environment

UPM-Kymmene Corporation        Stock Exchange Release (Interim Report) 26 October 2021 at 09:45 EEST

UPM Interim Report Q3 2021:
UPM delivers a record quarter in an exceptionally volatile global environment

Q3 2021 highlights

  • Sales increased by 24% to EUR 2,523 million (2,028 million in Q3 2020)
  • Comparable EBIT increased by 98% to EUR 424 million, 16.8% of sales (215 million, 10.6%)
  • Operating cash flow was EUR 318 million (365 million)
  • Demand for UPM’s products was good, and overall, price increases more than offset the rapid rise in input costs
  • UPM completed the sale of the UPM Shotton newsprint mill in the UK
  • The global sustainability ratings provider EcoVadis recognised UPM on the highest possible Platinum level for its responsible performance in 2021
  • UPM was recognised as one of the world’s 37 most sustainable companies by the UN Global Compact

Q1–Q3 2021 highlights

  • Sales increased by 12% to EUR 7,141 million (6,392 million in Q1–Q3 2020)
  • Comparable EBIT increased by 45% to EUR 1,010 million (697 million), and was 14.1% (10.9%) of sales
  • Operating cash flow was EUR 844 million (659 million)
  • UPM's transformative growth projects made good progress
  • Net debt increased to EUR 667 million (89 million) and net debt to EBITDA ratio was 0.38 (0.06)
  • Cash funds and unused committed credit facilities totalled EUR 2.5 billion at the end of September
  • 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

 Q3/2021Q3/2020Q2/2021Q1–Q3/2021Q1–Q3/2020Q1–Q4/2020
Sales, EURm2,523  2,028  2,384  7,141  6,392  8,580  
Comparable EBITDA, EURm535  331  426  1,351  1,050  1,442  
% of sales21.2  16.3  17.9  18.9  16.4  16.8  
Operating profit, EURm564  117  304  1,147  508  761  
Comparable EBIT, EURm424  215  307  1,010  697  948  
% of sales16.8  10.6  12.9  14.1  10.9 
Författare GlobeNewswire