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UPM reports strong year of recovery

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UPM reports strong year of recovery

Article ID:

12741

Financial Statements 2010

Helsinki, 2011-02-02 08:45 CET (GLOBE NEWSWIRE) -- UPM-Kymmene Corporation Stock exchange release 2 February 2011 at 09:45 EET

October–December 2010:

  • Earnings per share were EUR 0.28 (0.57), excluding special items EUR 0.27 (0.21)
  • Operating profit excluding special items was EUR 212 million (186 million)
  • Continued sales growth driven by prices and volume
  • Strong cash flow momentum – best quarter in 2010
  • EBITDA negatively impacted by higher than average maintenance and other costs 

January–December 2010:

  • Earnings per share grew to EUR 1.08 (0.33), excluding special items to EUR 0.99 (0.11)
  • Operating profit excluding special items was EUR 731 million (270 million)
  • Solid top-line recovery – sales increased by 16%
  • Net debt down by EUR 444 million
  • Board’s proposal for dividend per share EUR 0.55 (0.45) 

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Michael Spinner-Just's picture

Michael Spinner-Just

Date

2011-02-02 11:37

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