Thursday 25. October 2012
UPM’s cash flow continued to be strong in Q3 in challenging operating environment
Q3/2012 Earnings per share excluding special items were EUR 0.15 (0.19), and reported EUR 0.06 (-0.21); EBITDA was EUR 305 million, 11.8% of sales (331 million, 12.7% of sales); EBITDA was affected by temporary production disruptions in Pulp Net debt decreased by EUR 246 million to EUR 3,139 million Q1-Q3/2012; Earnings per share excluding special items were EUR 0.51 (0.77), and reported EUR 0.45 (0.68); EBITDA was EUR 968 million, 12.4% of sales (1,082 million, 14.7% of sales); Fixed costs decreased by EUR 59 million, on comparable basis; Operating cash flow was EUR 662 million (731 million), after restructuring payments of EUR 170 million