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Last $18.87 USD
Change Today +0.2168 / 1.16%
Volume 5.7K
UPMKY On Other Exchanges
Symbol
Exchange
OTC US
Helsinki
OTC US
Berlin
Frankfurt
As of 8:10 PM 05/21/15 All times are local (Market data is delayed by at least 15 minutes).

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

UPM-Kymmene Oyj Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Financial Guidance for 2015

UPM-Kymmene Oyj announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the period, the company reported sales of EUR 2,486 million against EUR 2,481 million a year ago. Operating profit was EUR 203 million against EUR 191 million a year ago. Profit before tax was EUR 181 million against EUR 237 million a year ago. Profit attributable to owners of the parent company was EUR 155 million or EUR 0.29 per diluted share against EUR 193 million or EUR 0.36 per diluted share a year ago. Net cash generated from operating activities was EUR 108 million against EUR 264 million a year ago. Capital expenditure ­was EUR 82 million ­EUR 68 million a year ago. EBITDA was EUR 325 million against EUR 323 million a year ago. Return on equity was 8.1% against 10.3% a year ago. Operating cash flow per share was EUR 0.20 against EUR 0.50 a year ago. Sales increased in UPM Raflatac, UPM Biorefining, UPM Paper Asia and UPM Plywood, and decreased in UPM Paper ENA and UPM Energy. The improved profitability achieved in 2014 is expected to continue in 2015, and there are prospects for further improvement. Profitability is underpinned by the EUR 150 million profit improvement programme, as well as the first positive impacts from the company's growth projects. Profitability is affected by lower publication paper prices and lower electricity sales prices in the beginning of the year. The current weakened euro and lower oil price are supportive for the company's earnings. The total capital expenditure in 2015 is estimated to be approximately EUR 500 million.

UPM Expands the Otepää Plywood Mill in Estonia

UPM strengthens its position as the leading plywood manufacturer in Europe and expands the Otepää plywood mill in Estonia. The expansion will bring the mill’s production to almost double at 90,000 m3 per annum. In addition to mill expansion, the mill site will also be built a new bio power plant, which will replace the old, partly oil-burning plant. The investments made to Otepää total to about 40 million euros. The mill’s personnel will grow with about 40 persons along with the expansion. The Otepää mill will be expanded with new plywood production line including all machinery needed for veneer and plywood manufacturing. The expansion will be realised using mainly current buildings, infrastructure and resources. New production premises will be made about 8,000 m2 by connecting exisiting buildings together. The new bio power plant delivers 18 megawatts of power and it replaces the old boilers, which use oil and wood as fuel. The bio power plant will use the by-products of plywood production like bark, chips and dust as its fuel. The expansion of the plywood mill and building of the bio power plant will start during this summer and the work will be completed by the end of 2016. The mill’s current production will continue normally during the works.

UPM-Kymmene Oyj, Q1 2015 Earnings Call, Apr 28, 2015

UPM-Kymmene Oyj, Q1 2015 Earnings Call, Apr 28, 2015

UPM-Kymmene Oyj Approves Dividend for the Year 2014, Payable on April 23, 2015; Announces Board Changes

The Annual General Meeting of UPM-Kymmene Corporation took place in Helsinki, Finland, on April 9, 2015. As proposed by the Board of Directors, a dividend of EUR 0.70 per share will be paid on April 23, 2015. The dividend will be paid to a shareholder who is registered in the company's shareholders’ register maintained by Euroclear Finland Ltd. on April 13, 2015, which is the record date for the dividend payment. The company also announced the number of members of the Board of Directors increased from nine to ten and Suzanne Thoma and Henrik Ehrnrooth were elected as new members to the board. Matti Alahuhta, member of UPM’s Board of Directors since 2008, stepped down from the board in order to concentrate on his other engagements.

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.

 

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UPMKY

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Price/Earnings 19.5x
Price/Sales 0.9x
Price/Book 1.2x
Price/Cash Flow 9.3x
TEV/Sales 0.6x
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