Last $18.98 USD
Change Today +0.325 / 1.74%
Volume 1.6K
As of 5:20 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

upm-kymmene oyj-spons adr (UPMKY) Key Developments

UPM-Kymmene Launches New Paper Range for Digital Printing

UPM-Kymmene Corporation launched a new paper range for digital printing. Covering the widest possible range of digital end-user applications, UPM Digi papers come in a variety of tailored categories designed to fit a specific purpose and press. Enabling users to take full advantage of the possibilities of digital printing, UPM Digi papers are available in both wood-free uncoated (WFU) and wood-free coated (WFC) options, and in a wide spectrum of basis weights ranging from 80 to 350 g/m2.

UPM Announces Earnings Results for the Fourth Quarter and Full Year of 2014; Provides Earnings Guidance for the First Quarter and Capex Guidance for the Full Year of 2015

UPM announced earnings results for the fourth quarter and full year of 2014. For the quarter, the company reported that it launched new EUR 150 million profit improvement program to keep up the positive momentum for this year also. Both EBITDA and operating profit increased from the same quarter a year ago. The main reason for the improvement was the decrease in variable costs, again, partly due to this EUR 200 million profit improvement program. Cash flow was particularly strong in fourth quarter, partly due to seasonal release of working capital at the end of the year. In the fourth quarter of 2014, as compared to the fourth quarter in 2013, one year previously, the improvement in EBITDA came mainly from lower variable costs. For the year, the company reported that operating profit improved by 24%, due to the success of the EUR 200 million profit improvement program. Operating cash flow was EUR 1.2 billion in 2014 or EUR 2.33 per share. As a result of the consistently strong cash flow, the company’s net debt decreased to a EUR 2.4 billion level. Net debt decreased by EUR 639 million during 2014. Return on equity reached 8.3%, up 1.9% points. This exceeded its minimum target. CapEx was EUR 375 million, EUR 411 million including this year's installment of PVO shares issue, that were investing a total of EUR 680 million over 3 years on the focused growth projects in biofuels, pulp, labeling materials and self-adhesive labelstock. The company targets an additional EBITDA of EUR 200 million when all these projects are in full operation. The company provided earnings guidance for the first quarter and capex guidance for the full year of 2015. In the first quarter, earnings will be affected by lower paper prices, publication paper prices. The total CapEx guidance for 2015 is EUR 500 million. With the current known projects, the company’s CapEx will, again, be clearly lower in 2016.

UPM-Kymmene Corporation Proposes Dividend

UPM-Kymmene Corporation announced that the Board proposed an increased dividend of EUR 0.70 per share against EUR 0.60 per share a year ago.

UPM-Kymmene Oyj, Q4 2014 Earnings Call, Feb 03, 2015

UPM-Kymmene Oyj, Q4 2014 Earnings Call, Feb 03, 2015

UPM-Kymmene Corporation and Indicatorium Oy Sign Agreement for Commercialization of Food Freshness Indicator Technology

UPM-Kymmene Corporation and Indicatorium Oy have signed an agreement for the commercialization of the food freshness indicator technology developed by UPM. Food freshness indicator is a smart label that reacts to certain chemicals and helps to determine whether a food product is still fresh and safe to eat. Indicatorium is aiming to introduce food freshness indicator to the global markets. The Finnish Funding Agency for Technology and Innovation (Tekes) will finance the initial stage of the project.

 

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UPMKY

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Price/Earnings 16.0x
Price/Sales 0.8x
Price/Book 1.1x
Price/Cash Flow 8.0x
TEV/Sales 0.4x
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