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UPM reports solid Q4 2013 results

Photo: UPM
Photo: UPM
Published by
Simon Matthis - 30 Jan 2014

UPM-Kymmen has released its Q4 2013 financial report. Q4 operating profit excluding special items was EUR 207 million (EUR 146 million Q4 2012). Highlights from the quarterly report include, Q4/2013 (compared with Q4/2012)

• Earnings per share excluding special items were EUR 0.27 (0.20), and reported EUR 0.06 (-2.83)

• Operating profit excluding special items was EUR 207 million, 8.0% of sales (146 million, 5.5% of sales)

• EBITDA was EUR 302 million, 11.7% of sales (317 million, 11.9% of sales)

• 48% of the targeted annualised EUR 200 million cost savings achieved in Q4/2013

• Operating cash flow was EUR 262 million, net debt decreased to EUR 3,040 million